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May 17, 2023 14:02 EEST
May 17 (SeeNews) - Croatian oil pipeline operator Janaf [ZSE:JNAF] said on Wednesday it has signed oil transportation and storage contracts with Hungarian energy group MOL.
By these deals, several months of negotiations have been successfully completed, as they guarantee safe supply to the oil refineries in Hungary and Slovakia and confirm the strategic importance of Janaf for the energy stability of this part of Europe, Janaf said in a press release. It did not disclose the value of the deal.
Under the deals, Janaf will transport 2.9 million tonnes of oil and will store 79,385 cubic metres of oil at the Omisalj terminal on the island of Krk, as well as 70,000 cubic metres of crude oil at the Sisak terminal.
On behalf of MOL, the deals were signed by officials of its parent company MOL, trading unit Moltrade Mineralimpex Trading co and, for the first time, by MOL's Slovak subsidiary - oil refining company Slovnafta, Janaf added.
Majority state-owned Janaf operates terminals for crude oil and petroleum products on the island of Krk, as well as in Sisak, Virje, Slavonski Brod and Zitnjak.
Janaf's shares last traded on Tuesday, ending flat at 780 euro ($845) on the Zagreb Stock Exchange.
($ = 0.923 euro)
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