Jadranski Naftovod (Janaf) has announced its ongoing efforts to mitigate the effects of US sanctions imposed on Gazpromneft and its subsidiary, the Serbian Oil Industry (NIS), which have impacted their operations.
In a statement, Janaf highlighted its long-standing partnership with NIS, including a contract for the transportation of 10 million tons of oil from January 1, 2024, to December 31, 2026. The company emphasized its collaboration with relevant government ministries to find solutions to minimize the business consequences following the sanctions.
The statement explained that, since the announcement of the potential sanctions, Janaf has been working intensively with Croatian authorities and has engaged with US representatives to find a solution. The US administration recognizes the strategic importance of Janaf for the region’s energy security.
The full implementation of the sanctions will occur in 45 days, providing a window for adjustments and measures to ensure secure oil supplies to Serbia.
The statement further clarified that since December 2022, Janaf has been transporting only non-Russian oil to Serbia and is closely monitoring the situation. They continue to consult with the Croatian government to address the challenges arising from these sanctions.
The US Ambassador to Croatia, Natalie Reyes, assured that the US is working closely with Croatia to minimize any impact these sanctions may have on Janaf or other Croatian companies, ensuring regional energy security remains intact.
