It was reported in mid-February that Summa Group had consolidated 100% of the project for construction of an oil terminal in the Port of Rotterdam by buying out the 25% share that belonged to the Dutch-Malaysian VTTI. Rosneft may become Summa's new partner in the project. We have taken a look into why a Russian state company might be interested in such a project, and if any potential pitfalls lie in store for Rosneft in Rotterdam.
2014 February 24
Rosneft could base itself in Rotterdam
It was reported in mid-February that Summa Group had consolidated 100% of the project for construction of an oil terminal in the Port of Rotterdam by buying out the 25% share that belonged to the Dutch-Malaysian VTTI. Rosneft may become Summa's new partner in the project. We have taken a look into why a Russian state company might be interested in such a project, and if any potential pitfalls lie in store for Rosneft in Rotterdam.