Croatia’s JANAF signs a crude oil transport deal with Serbian NIS

Croatian oil pipeline operator JANAF said on Wednesday it signed a crude oil transportation deal with Serbian oil and gas company NIS for the next two years.

NIS has reserved JANAF capacities for transportation of 6.2 million tonnes of crude oil, plus or minus 10%, for the period from January 1, 2023 to December 31, 2024, JANAF said in a filing to the Zagreb stock exchange.

JANAF, which the Croatian government owns, for the most part, operates terminals for crude oil and oil products located on the island of Krk, as well as in Sisak, Virje, Slavonski Brod and Zitnjak.

JANAF’s shares last traded on December 2 on the Zagreb Stock Exchange when they closed flat at HRK 5,400 ($761/716 euros).

NIS shares traded at 676 dinars ($6.1/5.8 euro) on the Belgrade bourse on Wednesday afternoon, up 0.15%.

Until recently, Serbia had feared that JANAF would stop transporting oil to Croatia’s eastern neighbour as the EU’s eighth package of sanctions imposed a ban on importing Russian crude oil. JANAF indeed announced earlier this year that it would stop transporting oil to Serbia, a move official Belgrade criticized in October as a “political retaliation” and “a hostile gesture”.

JANAF also supplies some crude to Hungary, which has been pushing Croatia and the EU recently to set more favourable transit tariffs for the transport of oil that reaches the Adriatic in tankers and is then transported through JANAF.

(, 22.12.2022)

This post is also available in: Italiano

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