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Half a million tonnes of oil and HIMARS systems: Hungary struck a huge deal with the United States
Hungary has secured a series of wide-ranging agreements with the United States covering energy, defence and advanced technology, following a recent high-level visit by JD Vance. The deals signal a strengthening of economic and strategic ties between the two countries.
According to 24.hu, one of the most significant elements is an energy agreement involving Hungarian oil giant MOL Group, which will purchase approximately 510,000 tonnes of crude oil from US suppliers. The deal is valued at around USD 500 million and aims to diversify Hungary’s energy sources.
Nuclear ambitions and healthcare innovation
Hungary is also exploring nuclear energy cooperation. State-owned MVM Group has signed preliminary agreements with major US firms, including Westinghouse Electric Company, GE Vernova and Holtec International. The partnership focuses on assessing small modular reactor (SMR) technology, with the potential for up to ten reactors worth as much as USD 20 billion.
Separately, GE Healthcare has partnered with Semmelweis University to establish an AI-driven oncology centre in Budapest, aiming to enhance cancer diagnosis and treatment.
JD Vance abruptly cuts Budapest visit short after extension plans: what happened?
Digital upgrades and defence expansion
In the digital sector, Microsoft has agreed to support the Hungarian government with cloud-based infrastructure, while also collaborating with Gábor Dénes University to provide AI and digital training for small and medium-sized enterprises.
Defence cooperation has also intensified. Hungary plans to acquire HIMARS rocket systems worth USD 700 million, enhancing interoperability with NATO forces. Hungarian firm 4iG will work with L3Harris Technologies to integrate advanced communications into the system.
Additional agreements involving Northrop Grumman point to future satellite development projects, underlining Hungary’s growing ambitions in both defence and space technology.
Featured image: JD Vance/Facebook
Wait. I thought our Politicians position was that the only effective way to get oil in Hungary is to buy from Russia?
Re acquisition of HIMARS launchers – arent we a bit late to this party? I believe already in 2024, 20 plus countries ordered these (Ukraine war and everything – and now Iran). To be delivered in 2035?
Trump has renewed his threat to Tehran and is considering a massive military escalation if Iran does not behave as he wishes.
According to Der Spiegel, Trump has called on European partners to commit military forces in the Strait of Hormuz. NATO Secretary General Mark Rutte informed European capitals that US President Donald Trump expects concrete commitments within the next few days for the deployment of warships or other military capabilities from Europe. Several European diplomats who were briefed after the meeting between Rutte and Trump said that Trump’s demand amounted to an ultimatum, Der Spiegel reports.