«Сумма» изучает Китай
Vedomosti, 29.03.2012
Elena Mazneva
Elena Mazneva
Summa's interest in China was made public at the beginning of the year. In February, Ziyavudin Magomedov, the owner of Summa Group, stated that the group was considering the possibility of teaming up with the Port of Rotterdam to buy a port asset in that country, as well as to establish a bunkering business in the Port of Hong Kong, however he did not disclose further details at that time.
The Port of Rotterdam, however, revealed some of those details yesterday. "Together with our partners from Summa Group, we actually visited the port in China and held a serious, in-depth discussion there," stated the CEO of the Port of Rotterdam, Hans Smits. He added that the port is in the Nangang region. A decision on the project could be made by the end of summer. "A port is a union of local political and economic interests, so probably the partnership between Summa and the Port of Rotterdam will also include local entities," said Smits.
Nangang is a new industrial zone in the city of Tianjin, which China plans to transform into a major hub for the processing, storage, and transshipment of oil, oil products, and petrochemicals. The project is being sponsored by the state-run Tianjin Nangang Industrial Zone Development Co. Ltd. The Nangang zone should essentially become an extension of the existing Port of Tianjin (the largest in northern China), notes Sergei Sanakoyev, the chairman of the board of directors of the Russian-Chinese Center for Trade and Economic Cooperation.
The current port handles more than 400 million tons of cargo per year and is located to the west of the Bohai Sea, with the Nangang zone to the east. Right now, judging by reports in the Chinese media, the zone's administration and Chinese state-owned companies are busy collecting building projects. For example, last fall Sinopec reported that there would be at least 30 such projects, totaling no less than $11 billion.
Among the projects already announced is an oil refineryto be jointly owned by Rosneft and China's CNPC, with a capacity of 10 million tons per year (and an expected launch date of between 2013 - 2014), to be supplied by oil tankers from Russia, right through this new port.
Summa is the co-owner of Russia’s largest port holding company, NCSP(which includes an oil port in Primorsk and terminals for different types of cargo in Novorossiysk). Last year Summa worked with the oil trader Vitol to establish a joint venture for the purpose of building an oil terminal at the Port of Rotterdam.
The Port of Rotterdam, however, revealed some of those details yesterday. "Together with our partners from Summa Group, we actually visited the port in China and held a serious, in-depth discussion there," stated the CEO of the Port of Rotterdam, Hans Smits. He added that the port is in the Nangang region. A decision on the project could be made by the end of summer. "A port is a union of local political and economic interests, so probably the partnership between Summa and the Port of Rotterdam will also include local entities," said Smits.
Nangang is a new industrial zone in the city of Tianjin, which China plans to transform into a major hub for the processing, storage, and transshipment of oil, oil products, and petrochemicals. The project is being sponsored by the state-run Tianjin Nangang Industrial Zone Development Co. Ltd. The Nangang zone should essentially become an extension of the existing Port of Tianjin (the largest in northern China), notes Sergei Sanakoyev, the chairman of the board of directors of the Russian-Chinese Center for Trade and Economic Cooperation.
The current port handles more than 400 million tons of cargo per year and is located to the west of the Bohai Sea, with the Nangang zone to the east. Right now, judging by reports in the Chinese media, the zone's administration and Chinese state-owned companies are busy collecting building projects. For example, last fall Sinopec reported that there would be at least 30 such projects, totaling no less than $11 billion.
Among the projects already announced is an oil refineryto be jointly owned by Rosneft and China's CNPC, with a capacity of 10 million tons per year (and an expected launch date of between 2013 - 2014), to be supplied by oil tankers from Russia, right through this new port.
Summa is the co-owner of Russia’s largest port holding company, NCSP(which includes an oil port in Primorsk and terminals for different types of cargo in Novorossiysk). Last year Summa worked with the oil trader Vitol to establish a joint venture for the purpose of building an oil terminal at the Port of Rotterdam.
Summa's precise plans for the Nangang zone are not yet settled, notes the group's spokesman, Konstantin Panin. Currently Summa and its partners are only "theoretically" evaluating the prospect of becoming involved in the project. Nor has the idea of constructing a terminal to receive Russian oil (near Rosneft and CNPC's future refinery) been fully hammered out at this stage, adds Panin.