ZAGREB (Croatia), September 21 (SeeNews) – Croatian oil pipeline operator Janaf said on Monday it is considering signing long-term contracts worth over 100 million euro ($146 million) in total for storage of oil derivatives.
A meeting of the Janaf management scheduled for September 23 will review a proposal to stockpile oil derivatives for commercial consumption and as part of the country's mandatory reserves at existing and future Janaf-Zitnjak facilities, the company said in a filing to the Zagreb Stock Exchange (ZSE).
In addition, the company’s management will also review a proposal for a long-term contract for storage of crude oil as part of the country's mandatory reserves, the statement said.
No further details were immediately available.
Janaf shares were trading up 10% at 2,509.31 kuna ($504/344 euro) by 1248 GMT on Monday.
(1 euro=7.2907 Croatian kuna)