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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?
Orban is a very dangerous man not to be trusted I hope and pray he does not win the election
Dangerous? What are you snorting? Whom do you trust then, Zelensky? Von Der Leyen?
If so, you are hopelessly clueless
It is the cheapest way to get oil. They can get it from anywhere but at a much higher cost.
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.
Just so you know, for those who don’t know what NATO’s mission is:
NATO is a DEFENSIVE ALLIANCE of 32 European and North American member states, dedicated to the collective protection of their respective territories and pursuing the goal of global political security and stability.
It is not NATO’s role to intervene in a war of aggression launched by the US and Israel. That cannot be a NATO mission, as it would violate the statutes. Individual states are, of course, free to assist the US. But, as mentioned, not within the framework of NATO.
That’s why the other NATO partners (Italy etc.) say they will only provide assistance for a mission legally authorized by the UN.
Of course, Trump couldn’t care less.
Sure. With that logic however the USA had no business helping out in Ukraine either, and yet they were dragged into it by the EU/NATO.
1. Elections are coming…
2. VO in bed with the Russians… very worry sum.
3. US putting its nose into a sovereign countries elections.
4. And now VO wishes to distance the country from EU… How messed up can you be.
5. Our conclusion, VO must go Hungary deserves much better.
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It’s not mandatory to comment, especially if you are clueless.
Thanks for OV keeping normal diplomatic relationships with Russia, we still pay almost half for fuel compared to the rest of Europe.
Hungary has no reason to be hostile with Russia.
The US supports OV but if you bothered to listen to JDVs speech, he encouraged Hungarians to vote how they feel best and not how Brussels want them to.
Contrast that to the EU censoring right wing social media posts , and threatening with financial sanctions as well as removal of voting rights if OV gets elected. Brussels also openly supports the opposition, monetarily and otherwise.
Which one sounds like election meddling to you?
OV is the best for the country under the circumstances, luckily Hungarians will get to decide, not clueless lefties.
US President Donald Trump didn’t just criticize NATO for its lack of support in the Iran war. Australia, Japan, and South Korea also came under fire during a press conference.
The US has stationed 45,000 troops in South Korea, Trump declared, “to protect us from Kim Jong-un.” He then elaborated on how well he gets along with the North Korean dictator: “Did you notice that he said some very nice things about me? He used to call Joe Biden mentally deficient. He said he was a mentally deranged person. He was so mean to Joe Biden. It was terrible. But he likes me, Trump. And did you notice how well things are going with North Korea? It’s very good.”
Is there any level of insanity that can be taken any further?
The entire UN, NATO, and Iran affair is DTs tortured imagination.
Make an imaginary situation come to life because… I am the bully for, and I do as I please, and illegally so.
Ships are already passing through Hormuz. UN should be more up to speed, and more powerful with an international military force when needed.
As for NATO, to never be manipulated. As for DT, he caused this mess, he is to get the present US out of it, and alone. He is not one to preach to others on… how to do anything… period.
Totally debunks the ‘in bed with the Russians’ theory with the US suppling their military hardware to the party.
Not at all. Trump has an ideological alliance with fellow fascist Orban. Trump is ambivalent towards the Russians and he has long had the idea that he can make some kind of “deal” with Putin and turn them against the Chinese. Of course, this is a fantasy in Orban’s infantile mind and Trump has been withdrawing US support from Europe to the point of openly discussing withdrawal from NATO and pulling US troops out of Europe. Trump is trying to pump up Orban. This does not debunk anything.
I mean’t “Trump’s infantile mind” .
3 days before the Election’s that he is going to loose he is still making corrupt deals, at least wait after the election and if you win keep on with your corruption…
There is nothing in this announcement about the US buying anything from Hungary. Orban committed Hungary to spend billions of dollars of money Hungary doesn’t have to buy US goods and this somehow is a great benefit to Hungary? It’s the US that benefits from this. Hungary could have been buying cheaper oil from Gulf states but someone needed to launch a war on Iran.
What is Orban’s other friend doing?
Britain deployed military vessels to prevent any attacks on cables and pipelines by Russian submarines which spent more than a month in and around British waters earlier this year, its defence minister John Healey said on Thursday. Reuters reports.
Britain accused Russia of using the distraction of events in the Middle East to try to conduct the covert operation in the High North maritime region, home to key shipping routes and critical infrastructure such as undersea cables.
Healey said British forces and allies including Norway tracked and deterred malign activity by the Russian vessels, adding that the submarines had now left the area and there were no signs of damage to underwater infrastructure.
But this is too complicated for Trump to properly assess. If he isn’t re-elected at the end of his term, he will leave the West in ruins, and others will have to painstakingly rebuild trusting relationships, if there’s even time left.
Is Orban trying to learn this from the US-Americans? One also wonders where the supposed American aid for Hungary is even supposed to come from. They’re drowning in debt!
Donald Trump’s mountain of debt is growing ever larger. The US government now has to raise enormous new sums just to repay old, but due, debts. According to a new report from the Congressional Budget Office (CBO), interest payments in the first half of the current fiscal year amounted to $529 billion.
Fortune reports that this averages out to more than $88 billion per month. Broken down to a weekly figure, that’s over $22 billion in interest costs.
“ The consequences:
– Interest payments tie up funds that are then lacking for investments and social programs
– The deficit remains high: $1.2 trillion in six months – the CBO reports revenues of $2.5 trillion and expenditures of $3.65 trillion
– The risks to social programs like Social Security and Medicare are increasing
– Despite higher revenues, the deficit remains critical.
US national debt has thus exceeded $39 trillion. Fortune reports that interest payments in the first half of the fiscal year were roughly equivalent to combined defense and education spending. The Department of Defense spent $461 billion, and the Department of Education $70 billion.
Compared to the same period last year, interest payments increased by $33 billion, or about seven percent. This is due to higher long-term interest rates and the overall larger debt burden. The deficit amounts to $1.2 trillion in six months.
How do they propose that this deluge of US oil is going to reach Hungary? The government has been consistent in stating that the capacity of the pipeline from Croatia is technically unproven, moreover, the transit fees are too expensive. Or will these hurdles be suddenly overcome or successfully minimised because it’s US oil?
Because they trust US sources. 🙂
The issue of digital sovereignty has been hotly debated in France since the beginning of the year.
As part of a sweeping government plan to ensure digital sovereignty, public bodies in France will switch from Windows to Linux, Les Numeriques writes, citing authorities. Public institutions are also recommended to replace the video conferencing service Google Meet with its French counterpart.
“Digital transformation” will be carried out first of all by the Interministerial Directorate for Digital Affairs (DINUM), the Directorate General of Enterprises (DGE, a directorate of the Ministry of Economy responsible for innovation and competition development), the National Cybersecurity Agency (ANSSI) and the French Public Procurement Directorate (DAE). By the fall, all other ministries will have to submit plans to abandon American software.
The issue of digital sovereignty has been hotly debated in France since the beginning of the year. The government announced it was “accelerating plans to reduce digital dependence on non-European countries” due to concerns that the US could restrict access to some of its technologies in Europe.
In Poland there is talk about the probable transfer of the US military from other NATO member states. This is reported by Wirtualna Polska.
Polish Colonel Peter Lewandowski said the news might be taken optimistically in the country, but recalled the redeployment of U.S. troops.
“As we know, (redeployment takes place) with varying degrees of realization. The question is how it will affect the integrity of the alliance, or lack thereof,” he said.