Croatian oil pipeline operator Janaf has extended an agrement for crude oil transportation with Serbian oil and gas company NIS for an additional two years.

NIS has reserved Janaf capacities for transportation of 10 million tonnes of crude oil, plus or minus 10%, until the end of December 2026, Janaf said in a filing to the Zagreb bourse.

The deal sets a new record in terms of volume, the company added.

Janaf announced in December 2022 that NIS has reserved Janaf capacities for transportation of 6.2 million tonnes of crude oil, plus or minus 10%, for the period from January 1, 2023, to December 31, 2024.