Janaf’s Contracts Worth Half a Billion Kuna Continue Good Business Results

The Adriatic Pipeline (Janaf) announced on Monday afternoon that its new contracts with Serbian NIS and Hungarian MOL Group are worth 500 million kuna.

“At the beginning of the new business year 2018, Janaf continued its intensive business activities in the international market and secured new contracts with foreign business partners – NIS ad, owned by Gazpromneft, and MOL Group,” the statement said.

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Janaf’s CEO Dragan Kovačević signed a Business Cooperation Agreement for oil transport in 2018 with NIS – Gazpromneft.

Additionally, a two-year Agreement for the transport and storage of oil was signed with MOL Group for 2018 and 2019, Janaf stated, emphasizing that these contracts include the storage capacities of the Sisak Terminal and new storage capacities of the Omišalj Terminal, which are the result of Janaf’s investment activities over the past two years.

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Janaf previously reported on these contracts via the Zagreb Stock Exchange, but without specifying the contract values, while in the statement, they indicate that the value of these new contracts is 500 million kuna.

“The newly contracted jobs worth half a billion kuna will result in the continuation of good business results that Janaf has achieved in recent years and further strengthening of its business position in 2018, as one of the most significant Croatian business entities and a strategic factor on the energy map of Europe,” the statement concludes.