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Croatia's Janaf signs storage deals with LUKOIL and BP

Croatia has around 4 million inhabitants, the country imported 56 % of its total primary energy supply. Croatia produces oil & gas but unlike most of its Western Balkan neighbours, it no longer has its own coal reserves

Croatia's Janaf signs storage deals with LUKOIL and BP

Zagreb, December 29 - Neftegaz.RU. Croatian state-owned oil pipeline operator Jadranski Naftovod (Janaf) on Wednesday said it has extended its contract for crude oil storage with UK's BP Oil International and signed a new deal for storage of oil products with the local unit of Russia's LUKOIL, the local SeeNews has reported .

The contract with BP Oil International was extended by a year - from April 1, 2022 to March 31, 2023, Janaf said in a filing to the Zagreb bourse.
The new deal with LUKOIL Croatia will be valid for the period from January 1, 2022 to December 31, 2023.

Croatia's ministry of state assets controls 52% of Janaf's share capital, the government's centre for enterprise restructuring and privatisation, CERP, owns 26%, and oil and gas company INA has a 12% stake.

Janaf has crude oil and oil products terminals located on the island of Krk, as well as in Sisak, Virje, Slavonski Brod and Zitnjak.
It operates 622 km of pipelines.
It has 1.94 million m3 of storage capacity for oil and 222,000 m3 of capacity for the storage of petroleum products.

Janaf's shares last traded on Monday when they closed flat at $751/665 euro, bourse data showed.

Russian LUKOIL has been present in the Republic of Croatia since late 2007.

Source : Neftegaz.RU


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