JANAF signs oil storage contract with LITASCO

NEWS 20.10.2020 17:04
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Source: Slavko Midzor/PIXSELL

The JANAF oil pipeline operator said on Tuesday it had signed a new contract on oil storage at the Omisalj terminal with LITASCO, a Swiss company specialised in trading with oil and oil products.

The contract was signed for the period from 1 November 2020 to 30 April 2021, JANAF said in a press release without stating the value.

The expansion of the cooperation with LITASCO and the existing partnerships, for example with BP Oil International Limited, one of the biggest oil companies, until the end of March 2021, confirm JANAF’s reputation as a stable and reliable partner, the company said.

Also, JANAF’s management said it was pleased with the contracts signed for the coming period as they vouched for the creation of a positive business environment and stable revenue.

Oil storage contracts have been signed with the Hydrocarbon Agency, INA, MOL, Glencore, Petraco, LITASCO and BP, oil transport contracts with INA and MOL, and oil product storage contracts with the Hydrocarbon Agency and Crodux.