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Posted on 28 October 2013 by Conybeare Solicitors

Oil and Gas Concessions in Hungary: 2013 Bid Round

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In this article we provide a brief overview of the issue of an invitation for tender by the Ministry of National Development (2013 Bid Round) currently under way in Hungary and to provide a brief comparison with the system it replaces along with some commentary.

The Bid Round closed on 15 November 2013 with a very limited number of bids and we expect there will be modifications to the terms in future rounds next year.