JANAF Plc. concluded Contracts on transport and storage of crude oil and petroleum products

07.01.2016. 15:50

Zagreb- JANAF Plc., headed by DSc. Dragan Kovačević, Chairman of the Management Board, concluded the contracts on crude oil transport for 2016 with the companies Naftna Industrija Srbije a.d. (NIS - Oil Industry of Serbia) and Optima group Ltd. For the needs of NAFTNA INDUSTRIJE SRBIJE a.d. (NIS) the transport of 2.100.000 tons of crude oil is contracted for the current year, while for the needs of OPTIMA GROUP Ltd. 1.000.000 tons of crude oil will be transported for the Brod Oil Refinery (Bosnia and Herzegovina).

Moreover, JANAF Plc. has entered into contracts with two major world’s oil traders, VITOL S.A. and GLENCORE ENERGY UK LTD, for storage of crude oil at the JANAF Terminal at Omišalj.

As regards the petroleum products storage, the contracts have been concluded with the companies Crodux derivati dva Ltd. and LUKOIL CROATIA Ltd. for storage at JANAF Terminals at Omišalj and Žitnjak in Zagreb.

The total value of new businesses under the above mentioned contracts on crude oil transport and storage of crude oil and petroleum products amounts to approx. a half billion kunas (approx. HRK 500 million), which undoubtedly indicates the continuation of business activities growth and trend of achieving remarkable results also in the future period.

Finally, it needs to be pointed out that over 80% of the revenues under the above mentioned contracts will be realized on foreign markets.