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Summa Group News June 2014

Summa
May 13, 2014

Summa Group News June 2014

Summa Group news for June 2014.

Summa

May 13, 2014
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  1. Fesco Supplies Antarctic Research Station Fesco, a Summa Group shipping

    subsidiary, has recently been working in the Antarctica in order to supply general cargo, food and diesel to Argentinean research stations in the icy territory. From January to March 2014, the Vasily Golovin processed over 8 000 tonnes of cargo. This included removal of household and technical collection from all stations. No waste had been removed from the Antarctic since 2013. The ship visited 12 stations Summa News – June 2014 including the Belgrano-II, Orcadas, Petrer, Esperanza, Marambio, Carlini, San Martin, Brown, Primavera, Camara, Frey and Deception Island. FESCO’s goal was to deliver more goods to the Argentine stations than in 2012 (they did not participate in 2013). The Vasily Golovin arrived at the Argentine port of Bahia Blanca and is planned for bunkering after working in the Antarctica from 2003 to present.
  2. Stroynovatsiya Continues on Baltic Pipeline Summa News – June 2014

    Summa Group building subsidiary Stroynovatsiya is under contract by Transneft, Inc who required the company to perform a number of complex construction and construction- installation operations on the Baltic Pipeline System 2 (BPS-2). Many of the projects have already been completed and put into action including: •Pipeline sections spanning 353 kilometers • SOD monitoring checkpoints for the Andreapol repumping station. • Road underpasses to pressurizing equipment assemblies. • Protection, automation and tele-operation systems. • Pressurizing equipment assemblies. • Electrical and chemical protection. • 10 kV route side high-tension power line.
  3. Stroynovatsiya Continues on Baltic Pipeline Summa News – June 2014

    • Construction of the trunk oil pipeline and infrastructure facilities for the Ust-Luga oil base. • The first Russian oil shipment was offloaded in test mode at the port in March 2012. • First phase of BPS-2 capacity was 30 000 000 tonnes in year one. • Second phase increased to 50 000 000 in the following years. • Second phase was completed in December 2013. Further development of the Baltic Pipeline System will focus on diversifying the export flows of Russian oil, reducing transit risks to foreign markets and increasing Russia’s level of energy security. The pipeline will allow for the optimization of the loading of the Russian pipeline system.
  4. About Summa Group Summa Group specialises and invests in port

    logistics, engineering, construction, oil and gas sectors as well as telecommunications. Summa Group is a diversified private holding that comprises of more than 10 000 people in 40 regions of Russia and abroad. Mr Ziyavudin Magomedov is the founder and shareholder of the Summa Group which will reach its 10 year anniversary in 2014. Summa News – June 2014