Negotiations Underway for Oil Transport Agreement Between Croatia's JANAF and MOL

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Oct 07 2025

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Source: Reuters

JANAF and MOL Cooperation: Croatian pipeline operator JANAF and Hungarian oil group MOL are set to discuss extending their oil transport agreement, which currently allows JANAF to transport 2.1 million metric tons of crude oil annually to MOL's refineries, amid Hungary's efforts to reduce reliance on Russian oil.
Concerns Over Transport Fees: MOL has raised concerns about JANAF's transport fees, alleging exploitation due to the Ukraine war, while JANAF maintains that it charges standard rates and is prepared to meet MOL's crude oil needs.
Potential Risks with NIS: JANAF's agreement with Serbia's Russian-owned oil company NIS could be at risk if the U.S. Treasury imposes new sanctions, with the current transportation license set to expire on October 8.
Negotiation Readiness: MOL has expressed readiness for negotiations with JANAF regarding the extension of their cooperation, emphasizing the importance of reliable oil supply channels.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.