Jadranski Naftovod (JANAF) has announced that its license for transporting oil to the Oil Industry of Serbia (NIS) refinery in Pančevo has been extended for another 60 days. This extension was secured in collaboration with the Croatian government and supported by JANAF’s American legal team.
The company expressed confidence that within this period, the necessary conditions and approvals will be obtained to continue fulfilling its contractual obligations with NIS without interruption.
The Croatian government confirmed in a statement that the U.S. Office of Foreign Assets Control (OFAC) had granted the 60-day extension, which allows JANAF to continue transporting oil to Serbia through its pipeline. Notably, the oil being transported is of non-Russian origin, in compliance with sanctions.
The statement also highlighted that JANAF plays a crucial role in oil transport to Serbia, as 95 percent of the oil reaching the country is delivered via its pipeline.
In a related development, Serbian President Aleksandar Vučić announced that Serbia had secured an additional postponement of sanctions on NIS, extending the deadline until June 27. This follows a request by NIS to the U.S. Treasury Department for a special license, which would allow the company to operate smoothly after the April 28 deadline originally set by the March 28 license extension.
These delays are part of ongoing adjustments after the U.S. announced sanctions on NIS in December 2024 due to its Russian ownership. The sanctions were initially scheduled to take effect on February 28 but were delayed by 30 days. A second delay pushed the deadline to March 28, and now the third postponement extends the sanctions deadline to April 28.
