Press
Head of Summa Group: APEC's National Business Centre in Russia may unite about 100 Russian companies
APEC's National Business Centre (NBC) in Russia will unite Russian businesses having interests in the Asian-Pacific region; and admittance to the organisation will be open to all, Ziyavudin Magomedov, Co-Chair of the Business Advisory Council for APEC 2011 and Chairman of the Board for Summa Group, told Prime....
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The Russian company Summa is planning to build an oil terminal in Rotterdam. The project is tentatively estimated to cost up to $1 billion and will allow large quantities of Russian oil to be sold directly to Europe. Summa’s Chairman, Ziyavudin Magomedov, and Hans Smits, the President of the Port of Rotterdam, signed an agreement for the project at the Kremlin on Oct. 20, in front of Russian President Dmitry Medvedev and the Prime Minister of the Netherlands, Mark Rutte....
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Summa Group, which is behind the consortium that won the tender to build the Tank Terminal Europoort West (TEW) oil-loading terminal in Rotterdam, yesterday gave more details of its project. Ziyavudin Magomedov’s company said that the group and its partner, VTTI, a subsidiary of the Vitol oil trading company, will establish a company in the Netherlands called Shtandart TT B.V, Summa will own 75% and VTTI the remaining 25%....
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