Croatian oil pipeline operator JANAF has warned that it could lose a significant portion of its revenues if US sanctions on Serbian oil company NIS are implemented in October. To address this risk, JANAF plans to request an extension of its license from US authorities to continue its cooperation with NIS. Currently, JANAF holds a […]
Tensions between Croatia and Hungary have intensified following statements from Hungarian Foreign Minister Peter Szijjarto, who accused Croatia of profiting from wartime conditions in the energy sector. His remarks provoked strong reactions from both the Croatian Government and JANAF, the operator of the Croatian oil pipeline. JANAF rejected Szijjarto’s claims, calling them false and misleading.
Croatia and Hungary clash over energy transit and alleged wartime profiteering Read More »
Serbian President Aleksandar Vučić announced that the United States has extended the sanctions deadline for the country’s oil company NIS by only four days, making them effective from October 1, 2025. The United States placed Serbia’s largest oil firm under sanctions on January 10, citing secondary risks tied to its majority Russian ownership in the
Serbia: US sanctions on NIS set for October 1 after brief extension Read More »
Last week, Hungarian oil company MOL and Croatian state-owned transporter JANAF conducted joint tests on the JANAF pipeline, but results did not confirm that the system can sustain long-term crude oil flows to Hungary and Slovakia. According to MOL, the pipeline was only able to operate at the required capacity for short periods of one
The European Commission is preparing to introduce tariffs on Russian oil that continues to enter the European market. Spokesman Olof Gill confirmed that the details of the plan will be presented shortly. The announcement follows a statement by Commission President Ursula von der Leyen after her recent meeting with US President Donald Trump, where she
Europe: EU plans tariffs on Russian oil to curb dependence and push diversification Read More »
During the upcoming official visit of the Croatian Foreign Minister to Iraq on 25–26 October, discussions will include the potential transport of Iraqi crude oil through the Croatian JANAF pipeline. Talks are set to cover broader economic cooperation, expansion of defense industry ties, and opportunities for using Croatian ports and JANAF’s infrastructure for oil shipments.
Croatia explores transporting Iraqi crude via JANAF pipeline during upcoming Iraq visit Read More »
The Federation of Bosnia and Herzegovina (FBiH) has reopened the Blazuj terminal for oil and petroleum products, marking the first time in 30 years that the facility is fully operational. With a storage capacity of 42,000 cubic meters, the terminal is now ready to receive, store, and transfer fuel following reconstruction works and the issuance
Bosnia and Herzegovina: FBiH restores Blazuj oil terminal after 30 years Read More »
Russian energy giant Gazprom has sold its entire direct stake of 11.3 percent minus one share in Serbian oil company NIS, leaving it with just a single share compared to over 18.4 million before the transaction. The sale comes amid US sanctions targeting Russian ownership in the Serbian energy sector. The stake was acquired by
Serbia: Gazprom sells 11.3% stake in oil company NIS amid US sanctions Read More »
Fortenova Group has continued divesting assets inherited from the former Agrokor. According to Slovenian media, the latest transaction involves 21 self-service Maxen petrol stations operated by M-Energija, a company within the Mercator retail network. With this portfolio, M-Energija becomes the fourth largest operator of petrol stations in Slovenia, following Petrol, MOL, and Shell Adria. Slovenia
Slovenia: Fortenova Group sells 21 Maxen petrol stations as part of divestment strategy Read More »
Brent oil futures for the front month on the ICE market reached their weekly low of $66.02 per barrel on Monday, September 8. This value was higher than the previous Friday and marked the beginning of a series of increases over the following sessions. By September 10, the futures reached their weekly high of $67.49
