Press

20 february 2012

Russia Proposes Creation of APEC Technology Transfer Partnership

Russia is proposing the creation of a technology transfer partnership within the APEC forum, with the analogous Russian national fund serving as a model for other countries, says Ziyavudin Magomedov, Chairman of the APEC Business Advisory Council (ABAC), which this year is being chaired by Russia. Magomedov is also Chairman of the Board of Directors of Summa Group...
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7 february 2012

In Business, I Help Myself: Ziyavudin Magomedov, Principal Owner of Summa Group

Ziyavudin Magomedov talks about who helped him build his business, why one day he had to sell all of his assets and how he managed to become a partner of Transneft...
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6 february 2012

What Should Be Added to Summa Group?

“I want to build a leading world-class private equity firm,” says Ziyavudin Magomedov, the principal owner of Summa Group. Investors say the main risk in his business is being dependent on state-owned companies...
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29 december 2011

Putin’s Goal of Benchmark Urals Seen in Rotterdam Tanks: Freight

Prime Minister Vladimir Putin has been calling for Russia, the world’s largest oil producer, to narrow the price gap between its Urals export crude and the Brent benchmark since 2005. A $1 billion terminal in Rotterdam may help achieve that goal.
Summa Group, a shareholder in Russia’s biggest oil-export terminals, in Novorossiysk and Primorsk, is investing in a 3 million-cubic-meter facility....
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