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Croatia’s JANAF Reports Significant Profit Decline Amid Global Market Challenges

JANAF, the state-owned oil transportation company in Croatia, has announced a 30% decrease in its net profit for 2025, attributing this downturn to a...

U.S. Extends Deadline for Lukoil Asset Sale Amid Ongoing Geopolitical Tensions

The United States has officially extended the deadline for the divestment of Lukoil’s international assets to April 1, 2024. This decision, made by the...

Montenegro Initiates New Diesel Procurement for Strategic Oil Reserves

In a significant move to bolster its energy security, Montenegro has reactivated a public procurement process aimed at acquiring 16,500 metric tons of diesel...

Hungarian Energy Company MOL Seeks Approval for Russian Crude Shipments

MOL Group, a major player in the Hungarian energy sector, has formally approached Croatian pipeline operator JANAF to confirm the passage of Russian crude...

JANAF and MOL Begin Long-Term Capacity Testing of Pipeline

The Croatian pipeline operator JANAF and the Hungarian energy firm MOL have embarked on a significant initiative to conduct long-term capacity testing of the...

Croatia Reaffirms Control Over Russian Oil Transit Amid Regional Tensions

Croatia's position on the transit of Russian oil has gained prominence as tensions rise in Central Europe. Economy Minister Ante Šušnjar recently reaffirmed the...
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