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Croatian JANAF and Serbian NIS Ink Record Oil Transport Deal for 2024-2026

In a landmark agreement, Naftna industrija Srbije (NIS), a major Serbian oil company, and Adriatic Pipeline (JANAF), a leading Croatian firm, have finalized a contract for the transportation of approximately 10 million tonnes of oil. 

This deal, with a flexibility of plus or minus ten percent, is set to extend until the end of December 2026, as per the announcement on the Croatian pipeline’s website.

The collaboration marks a significant milestone, reflecting JANAF’s pivotal role in not only Croatia’s energy sector but also across the broader regional landscape.

“We are thrilled to announce this unprecedented agreement, reinforcing JANAF’s status as a crucial component in the energy sector of both Croatia and the surrounding region. The year 2024 will see JANAF continuing to provide reliable supply and maintain seamless operations for all our clients,” stated the official press release from JANAF.

This agreement is seen as a strategic move, ushering in what is expected to be a highly successful business year for both companies. It underscores their commitment to ensuring consistent energy supply and highlights their integral roles in the European energy market. The deal has been well-received, signaling positive outcomes for shareholders and employees of both NIS and JANAF.

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