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JANAF, SERBIAN OIL INDUSTRY SIGN CONTRACT ON COOPERATION

ZAGREB, March 19 (Hina) - The Adriatic Oil Pipeline (JANAF) and the Serbian Oil Industry signed in Zagreb on Monday a contract on the transport of 1,800,000 tonnes of crude oil from the Croatian port of Omisalj to oil refineries in Novi Sad and Pancevo in 2001.
ZAGREB, March 19 (Hina) - The Adriatic Oil Pipeline (JANAF) and the Serbian Oil Industry signed in Zagreb on Monday a contract on the transport of 1,800,000 tonnes of crude oil from the Croatian port of Omisalj to oil refineries in Novi Sad and Pancevo in 2001. #L# Under the contract, JANAF will transport 200,000 tonnes of oil more for Yugoslav refineries than before the war. The value of the contract is estimated at US$ 15 million, Croatian Television reported this evening. Officials at JANAF expect the income from the contract will account for one third of the overall income. From now on, Serbia will receive its crude oil supplies exclusively through the JANAF system, which means a permanent and probably increasing income for JANAF in the future. Representatives of the Serbian Oil Industry say that oil transport via JANAF is an economical, environmentally more acceptable and much quicker solution than others. JANAF and the Serbian Oil Industry are interested in building an oil pipeline which would redirect oil imports from the Caspian oil basin via Romania, Serbia and Croatia to Omisalj thereby making it one of the biggest oil ports in the Mediterranean. (hina) rml

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