Croatia, JANAF will continue to supply crude oil to NIS

, SEE Energy News

Croatian oil transportation company JANAF announced that, in accordance with the EU’s decision on the amendments of restrictions imposed to Russian business entities from 8 April, it will continue to supply crude oil to Serbian oil company NIS via its pipeline after 15 May.

Previously, in mid-March, the company said that NIS has reserved capacities for transportation of 3.2 million tons of crude oil for 2022, but it will be unable to transport crude oil for NIS under this contract after 15 May, unless EU sanctions on Russian companies are lifted.

Serbian oil company NIS is majority owned by Russian GazpromNeft, which holds 56.15 % stake in the company.