economy
February 20, 2026
MOL HEAD SHARPLY COMMENTED ON CROATS, EVERYONE IS TALKING ABOUT THIS: JANAF is an outsider and earns from Serbia and Hungary!
MOL Group CEO Zsolt Hernádi gave an interview in which he elaborated on the crisis surrounding Russian oil imports, the role of the Adriatic Pipeline (JANAF), relations with Croatia and Serbia, as well as the situation at INA.
TL;DR
- MOL Group CEO Zsolt Hernádi described JANAF as an 'outsider' pipeline, with annual transport never exceeding two million tons, despite Croatian claims of 10-15 million tons capacity.
- A joint testing program for JANAF's capacity is agreed upon by Croatia, Slovakia, and Hungary, with EU involvement, to establish factual data.
- MOL has ordered Russian crude oil via sea, compliant with EU sanctions, as an alternative to the Druzhba pipeline.
- Hernádi expressed concern over reliance on a single pipeline and maritime suppliers, emphasizing the need for alternatives.
- He noted Serbia's high energy vulnerability due to having only one oil pipeline, supporting the Hungary-Serbia pipeline project.
- Hernádi dismissed claims that MOL's acquisition of NIS was to counter JANAF or close the Rijeka refinery, highlighting a €700 million investment there.
- MOL and NIS, as pipeline users, have offered to acquire a stake in JANAF but received no encouraging response.
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