(MENAFN- Trend News Agency) ASTANA, Kazakhstan, January 27. KazMunayGas
(KMG, Kazakhstan's national oil and gas company) and Croatian
Jadranski Naftovod d.d. (JANAF) have signed a memorandum of
understanding, Trend reports.
The document was signed by Deputy Chairman of KMG Bulat Zakirov
and Chairman of the Board of JANAF Stepan Adanić.
Thus, the document involves a joint study of the possibilities
of business cooperation in the field of transportation and storage
of oil and petroleum products.
In addition, it reflects the parties' interest in continuously
improving sustainable management and the intention to exchange
experiences in responding to global energy challenges.
Zakirov noted that the memorandum lays the foundation for
further mutually beneficial cooperation with the Croatian side in
the energy sector.
In turn, Adanić pointed out that the signing of the document
will contribute to the development of cooperation in the field of
the transportation of Kazakh oil to European markets.
Meanwhile, in the context of reformatting logistics connections
and energy supply routes, the Adria oil pipeline system (crude oil
pipeline in Croatia, Serbia, and Hungary with branch lines to
Slovenia and Bosnia and Herzegovina) plays a key role in
transporting oil and petroleum products to the countries of
South-Eastern Europe. Over the 11 months of 2023, over $303 million
worth of Kazakh oil was transported along this route.
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