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Forbes, in the document, informed that the Award was given specially to top oil and gas personalities who have made far-reaching and positive contributions to the development of the sector, and have caused sustained stability of the economy in which they operate.

“Hungary depends on oil importation to serve its energy needs as the country is non-oil producing. We want to diversify our sources of crude oil and LNG import and we are considering purchasing these products from Nigeria,” Ambassador Ternak stated.