Új Piacok Kereskedőház signs €1 bln framework contract with Russian energy company

Recycling

Hungary's Új Piacok Kereskedőház on Tuesday signed a framework contract worth €1 billion with Russian energy company Minneftegazstroi, the head of the Hungarian Trade Office in Moscow told MTI.

Under the framework contract, Minneftegazstroi and Új Piacok Kereskedőház will call tenders worth €1 billion for the construction of a refinery and petrochemicals complex in the north Caucasus region with the aim of involving Hungarian companies in the project, said György Palásthy.

The entire complex, including a 450MW power plant and related infrastructure, is worth €7.43 billion, according to Minneftegazstroi's website.

The contract with Új Piacok Kereskedőház was signed in Moscow. The Hungarian delegation was headed by state secretary Róza Nagy. Representing Új Piacok Kereskedőház were CEO Tibor Szakács, Széchenyi Bank owner István Töröcskei, and Euroimmoenergie Magyaroszág owners Gábor Deák and Richard Leyrer.

ADVERTISEMENT

Business, consumer sentiment improve in January Analysis

Business, consumer sentiment improve in January

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New leasing and sales director at Horizon Development Appointments

New leasing and sales director at Horizon Development

Gov't calls for technical screening of László Papp Arena City

Gov't calls for technical screening of László Papp Arena

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.