Croatia's Janaf in oil transportation deal with INA

The deal envisages the transportation of 2.0 million tonnes of oil, plus or minus 5%, using the Janaf system, for the needs of the INA refinery in Rijeka by the end of this year, Janaf said in a press release. It did not disclose the value of the deals.

Majority state-owned Janaf operates terminals for crude oil and oil products on the island of Krk near Rijeka, as well as in Sisak, Virje, Slavonski Brod and Zitnjak.

In addition to this deal, Janaf and INA have a deal for storage of crude oil for the period until the end of 2025, for capacities on the terminals on Krk and in Sisak.

Janaf's shares last traded on March 21 on the Zagreb Stock Exchange, when they closed flat at 850 euro ($913).

INA's shares last traded on March 28, ending 4.62% higher at 498 euro on the Zagreb bourse.

($ = 0.931 euro)