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Croatia's Janaf to warehouse state mandatory stock of oil derivatives

Dec 28, 2022, 3:22:02 PMArticle by Annie Tsoneva
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December 28 (SeeNews) - Croatian oil pipeline operator Janaf [ZSE: JNAF] said on Wednesday it has signed annexes to contracts for storage of part of the country's mandatory reserves of oil products at its Omisalj terminal by the end of June 2023.

Croatia's Janaf to warehouse state mandatory stock of oil derivatives
Photo: Croatia's Janaf

They annexes signed with with the state agency for hydrocarbons envisage storage of 20,000 cubic metres of diesel and 20,000 cubic metres of unleaded petrol, majority state-owned Janaf said in a filing to the Zagreb Stock Exchange.

Janaf operates terminals for crude oil and oil products located on the island of Krk, as well as in Sisak, Virje, Slavonski Brod and Zitnjak.

Janaf's shares were the biggest daily gainer intraday on Wednesday on the Zagreb Stock Exchange, the last trading day on the bourse before the adoption of the euro in Croatia. They traded 9.26% higher at 5,900 kuna ($834/783 euro) as eight shares changed hands.

The bourse decided earlier that its trading system will not operate on December 29 and 30 to enable efficient and safe transition to the euro currency. Croatia will join the eurozone as its 20th member on January 1.

(1 euro = 7.538 kuna)

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