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MOL announces that on 8 October 2007 MOL and Qatar Petroleum International signed a Memorandum of Understanding for the purpose of developing alliance to pursue certain business opportunities. Specific fields of cooperation may be identified as new and/or existing natural gas and crude oil exploration, field development and production, including Enhanced Oil Recovery (EOR) and Improved Oil Recovery (IOR), petrochemical projects, research, development of environmentally friendly energy solutions.