Summa Group owned by Ziyavudin Magomedov has applied to participate in the tender for the construction of an oil terminal in Rotterdam port. Applications are accepted only from candidates able to provide load for the terminal. Contenders must also be experienced in the design and operation of terminals with a minimum capacity of 500 000 cubic meters of crude oil or petroleum products. Another requirement is financial stability of the applicant.
Summa meets all these requirements and makes a good candidate. Ziyavudin Magomedov has partnered with Transneft, with which he controls the sea port of Novorossiysk. The company is also experienced in the construction of oil terminals. In 2001 Summa launched one of the largest Russian oil ports, Primorsky. Today it is the second busiest port in the country with cargo turnover of 78 million tons per year.
If Summa receives the tender, it will be able to control one of Europe's largest oil terminals. However, the oil market experts believe that Summa is unlikely to win because it is clear for Rotterdam, whose interests the company pursues. According to The Russian Mafia (rumafia.com), this project has political support from the Deputy Prime Minister Igor Sechin.