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DRUZBA, ADRIA PIPELINE INTEGRATION PROJECT PROTOCOL SIGNED

MOSCOW/ZAGREB, Nov 26 (Hina) - During the visit of a Croatian delegation to Moscow, a protocol on the integration project between the Druzba and Adria pipelines was signed on Monday, Croatian Ambassador to the Russian Federation, Hidajet Biscevic, said. The Russian and Croatian side agreed on the way of realising the Druzba and Adria projects, according to which the JANAF d.d. (Croatian pipeline company) received the status of recognised partner in the project. According to the agreement, JANAF will be given a guarantee for the delivery of oil by agreed stages. JANAF has committed itself to, within a year of the signing of the protocol, reconstruct a reversible oil pipeline among states, the company stated. By the end of next year, Russian oil could thus be transported via Ukraine, Belarus, Slovakia and Hungary to the Croatian terminal in Omisalj, on the Island of Krk. The Russian s
MOSCOW/ZAGREB, Nov 26 (Hina) - During the visit of a Croatian delegation to Moscow, a protocol on the integration project between the Druzba and Adria pipelines was signed on Monday, Croatian Ambassador to the Russian Federation, Hidajet Biscevic, said. The Russian and Croatian side agreed on the way of realising the Druzba and Adria projects, according to which the JANAF d.d. (Croatian pipeline company) received the status of recognised partner in the project. According to the agreement, JANAF will be given a guarantee for the delivery of oil by agreed stages. JANAF has committed itself to, within a year of the signing of the protocol, reconstruct a reversible oil pipeline among states, the company stated. By the end of next year, Russian oil could thus be transported via Ukraine, Belarus, Slovakia and Hungary to the Croatian terminal in Omisalj, on the Island of Krk. The Russian side should guarantee transport in phases of five, ten and fifteen tonnes, while JANAF would independently secure the financing of the reconstruction of the Sisak-Omisalj section of the pipeline, worth 20 million dollars. (hina) lml

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