JANAF and Litasco SA concluded a new contract on crude oil storage

20.10.2020. 15:45

Zagreb – Jadranski naftovod, dioničko društvo (JANAF Plc.) concluded with Litasco SA, a Swiss company, a new contract on crude oil storage for the period from 1 November 2020 until 30 April 2021 on the Omišalj Terminal.

JANAF Plc. is recognised as a stable and reliable partner to the users of its services and has ensured high utilisation of its storage capacities in the forthcoming period also by concluding the contract on crude oil storage with one of the largest world oil company BP Oil International Limited (until the end of March 2021).

“A new contract with Litasco, a world’s major company specialised for crude oil and petroleum product trading, and the cooperation realised with BP, as well as other users of our services, are the confirmation of reputation and opportunities that JANAF has on the Mediterranean spot oil market with the global oil companies, as well as oil traders, and in order to realise the business cooperation with the same, it is necessary to satisfy the highest standards of excellence in the business operation. Furthermore, a new contract with Litasco shows the experience of the Company’s management in recognising the trends on the oil market”, pointed out the JANAF Management Board, expressing the content as regards the contracts concluded for the coming period, which guarantees the creation of a positive business environment and stable revenues for the Company.

Moreover, for the forthcoming period, JANAF has concluded the contracts on crude oil storage with Croatian Hydrocarbon Agency, INA, MOL, Glencore, Petraco, Litasco SA and BP, and the contracts on crude oil transport with INA and MOL, as well as for the storage of petroleum products with the Croatian Hydrocarbon Agency and Crodux.