Press
Summa Group owned by Ziyavudin Magomedov applied for the tender called for oil loading terminal construction in one of the largest European harbors – Rotterdam. Summa Group meets the requirements as a potential oil constructor and operator in full, nevertheless it remains unclear who its application is going to compete with. Analysts say that Russian company is able to build the oil station up to 100 million tones and launch sea transportation....
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Summa Capital was thrust into the public eye last year, when it, along with Transneft, purchased a controlling stake in one of Russia’s biggest port operators, Novorossiysk Commercial Sea Port (NCSP). But Summa Capital does not intend to limit itself to logistics. A representative from the company told Vedomosti that the company has adopted a strategy that includes moving forward in many areas, such as logistics, construction, oil and gas, telecommunications, and mining. According to him, the company is changing its name, and the group will simply be called Summa....
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