Croatian oil pipeline operator JANAF and the MOL Group have signed an agreement for the transport of 2.05 million metric tons of crude oil during 2026, the Croatian company announced on Thursday.
Under the agreement, a total of 2.05 million metric tons of crude oil will be transported via JANAF’s pipeline network between January 1 and December 31.
The contract was structured as a “take-or-pay” arrangement, meaning that the customer must pay for the reserved transport capacity even if it is not used or is used only partially. The contract also sets forth all the terms and conditions of the cooperation that began on January 1.
During the negotiations, MOL repeatedly objected to JANAF’s transportation fees and technical capacity.
The Croatian company rejected the criticisms, emphasizing that it sets its fees transparently, based on the length of the transport route and the contracted volume.
JANAF generated total revenue of 74 million euros in the first half of this year. Its gross profit was 34 million euros, and its net profit was nearly 28 million euros. It generated 70 million euros in revenue from crude oil transportation and the storage of crude oil and petroleum products; nearly 74 percent of this amount—52 million euros—came from foreign customers.
Zagreb-based JANAF operates the Croatian section of the Adria crude oil pipeline, which is one of the alternative crude oil transport routes in the Central European region. The company is a member of MOIG, an association of Mediterranean oil companies.
Via MTI, Featured image: MTI/Purger Tamás