Croatia, JANAF and AZU signed an agreement on the storage

, SEE Energy News

Croatian oil transportation company JANAF and Croatian Hydrocarbon Agency (AZU) signed an agreement on the storage of a part of the country’s mandatory oil products reserves.

The agreement envisages storage of 20,000 cubic meters of diesel and 20,000 cubic meters of unleaded petrol at JANAF’s Omisalj terminal between 1 May and 31 December 2022.

Also, JANAF signed an agreement with Delta-Oil International on the storage of 169,000 cubic meters of crude oil at its terminal in Omisalj for the period between 15 April and 15 August.

JANAF recorded a net profit in the amount of 35 million euros in 2021, which is a 7.5 % decrease compared to the previous year. The company’s revenues from its core business – transportation of oil and warehousing of oil and oil derivatives, reached 100.7 million euros in 2021, which is a 0.6 % increase year-on-year and 8.5 % more than planned for 2021. Total revenues amounted to 104.9 million euros in 2021, 0.5 % more than in 2020 year and 11.4 % more than expected in 2021. This is the highest annual revenues ever recorded in the company’s history.

More than 63 % of the company’s revenues or 63.6 million euros originated from contracts with foreign clients, again confirming JANAF’s export orientation.

JANAF operates 631 kilometers of oil pipeline in Croatia and owns several oil terminals, with total storage capacity of 1.94 million cubic meters of oil and 220,000 cubic meters of petroleum products.