Croatian Pipeline Company Janaf Signs Contracts Worth 500 Million Kuna

Total Croatia News

A big contract for Croatian firm Janaf.

Janaf, a company which own a network of pipelines in Croatia, has concluded an agreement on the transport and storage of oil and oil products in 2016 worth about 500 million kuna, reported the company on Thursday. For Naftna Industrija Srbije (Oil Industry of Serbia), Janaf will transport 2.1 million tons of oil, while for Optima Group a million tons of oil will be transported to the Brod Oil Refinery in Bosnia and Herzegovina, reports on January 8, 2016.

Janaf has also signed contracts with two of the leading global traders of oil – Vitol and Glencore Energy UK, for the storage of oil at Janaf’s terminal in Omišalj on the island of Krk. Similar oil storage deals have also been agreed with several other companies, including Crodux Derivati Dva and Lukoil Croatia, whose products will be kept at Janaf’s terminal in Omišalj and at Žitnjak near Zagreb.

The total value of new deals based on these agreements on transport and storage of oil and oil products is approximately half a billion kuna which, according to Janaf, clearly points to the continued growth of business activities and to the trend of achieving outstanding results in the future. Janaf added that more than 80 percent of the revenues will be made in foreign markets.

Đuro Đaković Holding has signed with Janaf a contract to build two storage tanks for oil products worth nearly 164 million kuna, reported today the company from its headquarters in Slavonski Brod. According to the press release, Đuro Đaković Holding will be the leader of a consortium which will also include companies Đuro Đaković Industrijska Rješenja, Đuro Đaković Specijalna Vozila, and Gradnja. For Janaf, the consortium will build two storage tanks for oil products at the terminal in Omišalj, with the total value of the contract worth more than 163.8 million kuna.


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