Summa Group港口业务介绍(最后一页鹿特丹项目具体介绍)

Who is Summa Group?

Summa Group，the sister company of Souz Petrolium, is a diversified private holding company. Her portfolio companies employ more than 10,000 people in almost 40 regions of Russia and abroad.

Summa Group is active in the following fields:

Summa Group is a strategic investor that plays an active role in the operational management of its companies. The Group focuses on long-term operational value-add through a wide variety of initiatives including enhancement of corporate governance and management practices, talent management, financial discipline and socially responsible behavior in the regions where our companies operate.

Mr. Ziyavudin Magomedov is the founder and shareholder of the Group.

1. Port and Logistics

1.1Primorsk Oil Terminal

Construction and development of one of the largest oil-loading ports in Russia – Primorsk Oil Terminal (Primorsk Trade Port LLC) in the Leningrad Region –is one of the most successful examples of cooperation between the public and private sectors.

Put into operation in 2001, after 10 years Primorsk Oil Terminal came in first among Russian ports by the volume of transshipped oil and oil products, and second by cargo turnover amounting to 78 million tons per year.

The Primorsk Oil Terminal is recognized by experts as being the best port in the Baltics for environmental protection and safety. During the whole period of operation of the stevedoring company Primorsk Oil Terminal, which was owned by Transneft JSC and Summa Group on a parity basis before 2011, no oil or oil products spills have occurred.

In 2011 Summa Group and Transneft JSC completed a deal for the merger of two major operators of the Russian port industry - Novorossiysk Commercial Sea Port

PJSC (NCSP PJSC) and Primorsk Trade Port

LLC.

As a result of this deal Transneft JSC and Summa

Group became controlling shareholders of the

largest port operator in Russia –the NCSP PJSC

Group. The total cargo turnover of the companies,

which presently form a joint port group, amounted to

150 million tons in 2010, i.e. 30% of the whole cargo transshipment in Russian sea ports. Terminals of the group are situated in three Russian ports: Novorossiysk, Primorsk and Baltiysk. The capacities of the joint company allow it to process all the main types of cargos and render a full range of stevedoring services, including vessel towing and fueling.

1.2 Novorossiysk Commercial Sea Port

Novorossiysk Commercial Sea Port is the largest Russian port operator and ranks third in Europe in terms of cargo turnover.

NCSP shares are traded on Russia's MICEX exchange (NMTP) and listed on the London Stock Exchange as GDRs (NCSP). NCSP Group handled 37.2 million tons of cargo in the first quarter of 2011, and reported consolidated revenue of $233.1 million for the first quarter of 2011, according to IFRS standards, with a net profit of $143.7 million.

The following stevedoring companies are part of NCSP Group:

PJSC Novorossiysk Commercial Sea Port

Primorsk Trade Port, LLC (since 2011)

PJSC Novorossiysk Grain Terminal

OJSC Novorossiysk Shipyard

PJSC Fleet of NCSP

OJSC NLE

OJSC IPP

The Baltic Stevedoring Company, Ltd

2. Oil and Gas

2.1 JSC Yakutsk Fuel and Energy Company (JSC YATEC).

The oil and gas division of Summa Group is represented by JSC Yakutsk Fuel and Energy Company (JSC YATEC).

It is the primary gas producer in the Republic of Sakha (Yakutia) and is the only gas supplier for the entire region. Until 2010 the company was known as Yakutgazprom. Summa Group acquired this asset in 2007, and in three years has significantly improved the company’s production figures.

JSC YATEC holds a solid position in the Russian oil and gas market, and its investment program includes the expansion of its marketing channels, the construction of new infrastructure facilities and an active program of social responsibility.

3. Main Projects

3.1Primorsk Trade Port

The project to build the port facility in Primorsk (Leningrad region) is an example of a successful public-private partnership, where the business approach of a private investor merges seamlessly with the interests of the nation.

In 2001 when a great deal of interest arose in the idea of building a state-of-the-art oil-loading base in the Russian Northwest, Summa Group and JSC Transneft joined efforts to construct the first wharfs in Primorsk.

Primorsk Port became the terminus of the Baltic pipeline system that supplies oil for export directly from the Timano-Pechersk, West Siberian, and Ural-Volga region deposits in Russia. Because of this project, Russia was freed from its dependence on transit routes through the Baltics to deliver its crude to export markets.

Primorsk Trade Port, which was built from the ground up to become within ten years the largest port in Russia in terms of reloading oil and oil products (about 78 million tons), is now the most highly advanced

and environmentally friendly

port in Europe.

Since January 2011 Primorsk

Trade Port LLC is affiliated to

NSTP PJSC Group, the

premier port operator in

Russia.

3.2 NCSP Group

In early 2011, Novorossiysk Commercial Sea Port PJSC (NCSP PJSC) acquired 100% of Primorsk Trade Port, LLC.

Even before this acquisition, NCSP Group was the

largest and the most diversified port facility in Russia,

responsible for more than 17% of the total cargo

handled in all Russian ports.

Primorsk Trade Port, LLC is a clear leader among Russian ports in terms of the transshipment of oil and oil products, and has considerable potential for further growth.

Thus, this deal joined two major operators in the

nation’s port industry and positioned this group of

companies to be a clear leader among Russian

stevedoring companies, as well as one of the largest

port operators in Europe.

As part of the deal it was agreed to sell the controlling

interest in NCSP PJSC to Transneft JSC and Summa

Group, the owners of Primorsk Trade Port, LLC. The

new controlling shareholders of NCSP PJSC are fully

committed to making the best use of the synergy

between the two ports and positioning the company

for long-term growth and market leadership.

3.3 Strategic Cooperation with the Port of Rotterdam

On Oct. 20, 2011, a General Agreement was signed between the Port of Rotterdam and Shtandart TT B.V. (of which Summa Group holds a 75% stake and the Dutch company VTTI - 25%) to construct and operate a new oil terminal - the Tank Terminal Europoort West (TEW).

Shtandart TT B.V. won an open tender to build approximately three million cubic meters of tank capacity for Urals crude oil and oil products in a facility of over 55 hectares. The new terminal will operate as an open hub, creating a trading platform for Urals crude oil.

Most of the oil sent to Rotterdam will come from Primorsk, using ice-class shuttle tankers. In the future the terminal will also be able to accept oil from other Baltic ports. Regional and local oil refineries, as well as other market players, will be able to purchase Russian Urals crude oil FOB in Rotterdam.

Summa Group and the Port of

Rotterdam also signed a

"global strategic partnership"

agreement, which is intended

to increase shipping traffic

between the ports of Primorsk

and Rotterdam. Through their

partnership, the companies will

also explore the possibility of

developing a joint business in China, India, and other developing nations, with a focus on working together to promote sustainable development and the use of the most environmentally friendly port technologies.

Source: http://www.summagroup.ru