ZAGREB, 26 May, 2021 - The JANAF oil pipeline and storage system said on Wednesday it had signed its first contract with Austria's OMV Supply & Trading Ltd for storing up to 99,000 cubic metres of crude oil at the Omišalj Terminal for a period of two years.

Management said the contract confirmed JANAF's strong export orientation, adding that the company generated over 60% of its revenue from foreign clients.

The new contract ensures the further use of our storage capacity and stable business in the longer term, Management Board chairman Stjepan Adanić and Board member Vladislav Veslica said.

For more about diplomacy in Croatia, follow TCN's dedicated page.

Austrian-American consortium Marathon Oil and OMV have pulled out of plans to drill in the Adriatic, citing border uncertainties in Montenegro.