Croatia’s state-controlled oil pipeline operator Jadranski Naftovod (Janaf) has signed an oil storage deal with Zagreb-based fuels wholesaler Delta-Oil International.

The deal is valid for the period from June 1 until December 31, as the oil will be stored at Janaf’s Omisalj terminal. Under the terms, the deal could be extended by two years.

Janaf has terminals on the island of Krk, as well as in Sisak, Virje, Slavonski Brod and Zitnjak, and operates 631 kilometres of pipelines. It has 1.94 million cubic metres of storage capacity for oil and 222,000 m3 of capacity for the storage of petroleum products.

The company’s shares traded 2.29 percent higher at 4,460 kuna ($712/589.9 euro) on the ZSE in response to the news.

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29th April 2021