Discussions between Croatia’s oil pipeline operator JANAF and Hungary’s MOL Group have entered a new phase following a closed-door meeting last week in Budapest. Relations between the two companies have reportedly shifted noticeably, with MOL showing readiness for a substantial expansion of oil transport for the first time. The meeting focused on the potential to […]
Shareholders of Croatia’s oil pipeline operator JANAF are set to vote on a proposal that would see the company enter an upstream oil and gas project in Kazakhstan, marking a potential expansion beyond its traditional focus on oil transit and storage. The decision will be taken at an extraordinary shareholders’ meeting on 27 January. Under
JANAF shareholders to vote on €43.6 million upstream oil and gas project in Kazakhstan Read More »
Croatian pipeline operator JANAF has issued a strong response after MOL and Slovnaft informed the European Commission’s Directorate-General for Competition that JANAF’s actions allegedly threaten the security of supply through the JANAF oil pipeline. The two companies argue that recent decisions by the Croatian operator have created operational uncertainty for their refineries in Hungary and
Croatia: JANAF rebuts MOL and Slovnaft allegations of supply risks Read More »
Oil companies MOL and Slovnaft have written to the European Commission’s Directorate-General for Competition to raise serious concerns over the conduct of Croatia’s state-owned pipeline operator JANAF, warning that its actions are undermining the security of non-Russian oil supplies. In their letter, the companies state that JANAF recently informed them it would accept already-purchased and
Region: MOL and Slovnaft accuse JANAF of undermining EU supply security Read More »
Representatives of Croatia’s state-owned pipeline operator JANAF and Hungary’s MOL Group met to assess the current situation and coordinate the next steps toward concluding a new crude oil transport agreement for the upcoming period. Initial negotiations between the two companies began in early October, focusing on a renewed contract governing the transport of crude oil
A planned shipment of 58,000 tons of Arab Light crude oil, scheduled to arrive on 6 November under an existing contract between Croatian pipeline operator JANAF and Hungary’s MOL Group, has been delayed due to what Slovak refinery Slovnaft calls logistical failures by JANAF. The disruption, according to Slovnaft, violates contractual obligations and threatens the
Croatian oil pipeline operator JANAF recorded a net profit of 33.3 million euros in the first nine months of 2025, marking a 10.2 percent decrease compared to the same period last year. Total revenues reached 96.4 million euros, down 3.3 percent year-on-year, while income from core business activities — oil transport and storage of crude
Slovakia’s Slovnaft refinery, part of Hungary’s MOL Group, has accused Croatian state-owned pipeline operator JANAF of restricting deliveries of non-Russian crude oil, citing what it called technical limitations. The refinery claims that this move jeopardizes ongoing efforts to reduce reliance on Russian oil. JANAF, however, rejected the accusations, insisting that it has fully met all
Tensions between Hungary and Croatia appear to be easing after a period of sharp accusations, during which Croatian authorities were accused of benefiting from the war in Ukraine and sanctions on Russia. State-owned Croatian oil pipeline operator JANAF confirmed that Hungarian company MOL will send representatives to Zagreb next week to start negotiations on importing
Earlier this year, the U.S. Department of the Treasury introduced sanctions targeting Russia’s energy sector, which are now being applied to Serbian oil company NIS. This affects NIS’s crude oil transport agreement with Croatian pipeline operator JANAF, valid from 1 January 2024 to 31 December 2026. Under the contract, NIS reserved pipeline capacity under a
