The Adriatic Oil Pipeline (Janaf), like the Serbian Oil Industry (NIS), is still awaiting a response from the new U.S. administration regarding the potential 90-day delay of sanctions, which were signed by Serbia and Hungary. This decision will determine the future oil supply to the Oil Refinery in Pančevo.
In response to “Politika’s” inquiry about the ongoing engagement with NIS, Janaf stated that they have no new information. “Janaf, through its American lawyers and in coordination with the Croatian government, has submitted a request to OFAC (the U.S. Office of Foreign Assets Control, which oversees sanctions) to obtain a license to implement the contract with NIS,” the company said.
OFAC has the authority to grant exceptions within certain sanctions programs. “Given this, we expect that the implementation of the oil transport contract we have with NIS will continue, provided we obtain a license for such exceptions,” Janaf responded.
They emphasized that no one wants Serbia to face a shortage of secure oil supplies, and they are optimistic that a compromise solution will be reached to fulfill the contractual obligations with NIS.
