Monday, September 23, 2019

Janaf Strikes Transport Deals Worth $83 Mln

February 5, 2018

Croatia's oil pipeline operator Janaf said on Monday it had reached transport agreements worth 500 million kuna ($83 million) with Serbia's oil company NIS and Hungary's energy group MOL .
The deal with NIS, which is majority owned by Russia's Gazprom Neft (SIBN.ME), includes transport of oil in 2018, while that with MOL involves transport and storage of oil for 2018 and 2019.
Janaf is almost 80 percent owned by the Croatian state and its agencies, while other major shareholders are Croatia's oil group INA and state-owned power board HEP.
In the first nine months of 2017 Janaf posted a net profit of 193.3 million kuna, or 5.4 percent higher than in the same period a year before.

($1 = 5.9909 kuna)

(Reporting by Igor Ilic, editing by David Evans)

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