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The Ministry of Energy in Hungary has launched a tender for seven hydrocarbon extraction sites to promote natural gas and crude oil production. The concessions will allow exploration and production rights for 20 years, extendable by five years.

The move aims to reduce reliance on imports and boost domestic output, following the ministry's previous concessions in 2024. The new tenders are expected to stimulate investment and enhance self-sufficiency, with recent production figures indicating significant gains in crude oil and natural gas.