Oil companies KazMunayGas and MOL will discuss details and specific terms of delivering Kazakh oil to Hungary, the Kazakh Energy Ministry announced, Interfax reports, according to Agerpres.

“Negotiations on commercial terms are a complex process spanning several stages. Therefore, the next step will be to discuss the main commercial terms between KMG and the Hungarian company MOL, including the volume of deliveries, price and transit conditions,” a press release said.

On Monday, Kazakhstan and Hungary signed an agreement on oil deliveries and joint energy projects. During a meeting between Kazakh Energy Minister Almasadam Satkaliyev and Hungarian Foreign Minister Peter Szijjarto, the two countries reached a preliminary agreement on the supply of Kazakh crude oil to Hungary via the southern branch of the Druzhba pipeline, which runs through Russia, Belarus and Ukraine.

The ministers also discussed cooperation between KazMunayGas and MOL in developing the Rozhkovskoye gas condensate field in western Kazakhstan. Hungarian MOL has invested $200 million in the development of the field and has previously expressed interest in processing Kazakh crude oil at Hungarian refineries.

KazMunayGas is the majority shareholder of KMG International, a company that owns and operates major refining, petrochemical, retail and trading operations in several international markets. KMG International’s retail network includes over 1,100 fuel filling stations in Romania, Georgia, Bulgaria and the Republic of Moldova.

KMG International and the Romanian state, through the Ministry of Energy, are the main shareholders of Rompetrol Rafinare, with 54.63% of the shares (directly and indirectly) and 44.7%, respectively.