Croatia, JANAF announced that it has signed a crude oil transportation contract with NIS

, SEE Energy News

Croatian state-owned oil transportation company JANAF announced that it has signed a crude oil transportation contract with Serbian oil and gas company NIS.

The statement from the company said that NIS has reserved capacities for transportation of 3.2 million tons of crude oil, plus or minus 10 %, for the period between 1 January and 31 December 2022.

JANAF recorded a net profit in the amount of 26.1 million euros in the first nine months of 2021, which is a 16 % decrease compared to the same period last year. The company’s revenues from its core business, transportation of oil and storage of oil and oil products, amounted to 73.6 million euros in the January-September 2021 period, which is by 2.9 % lower than last year, but 5 % more than planned for the period, since the decline was due to the lower exchange rate of the US dollar.

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.