Stroygazmontazh

Stroygazmontazh
Private
Industry Infrastructure
Founded 2008 (2008)
Headquarters Moscow, Russia
Key people
Revenue ₽361,9 billion (2017)[2]
Number of employees
 16,000[3] (2017)
Website www.ooosgm.com

Stroygazmontazh, also called the S.G.M. Group, is an infrastructure construction firm that operates in the Russian Federation primarily via its subsidiaries, specializing in the creation of oil and gas transportation systems.[4][5] The company was founded in 2008 with operations in construction – particularly of oil and gas infrastructure – in Russia.[3] According to the RBK Group, it is the 44th largest company in Russia by income, with an annual ₽276 billion in revenue.[6]

History

Foundation

Stroygazmontazh was initially founded in 2008 by Russian businessman and oligarch Arkady Rotenberg after he purchased five companies under the control of Russian oil and gas giant Gazprom.[1] Rotenberg is a close friend of Russian President Vladimir Putin, which has led to the S.G.M. Group and other firms under Rotenberg's control accepting a number of Russian government contracts.[7]

Projects

Crimean Bridge

In 2016 and 2017 it was reported that Stroygazmontazh, with evident ties to Russian President Vladimir Putin, had accepted a contract in January 2015 to construct a bridge providing a railway link between Russia and Crimea by crossing the Kerch Strait, and that it had proceeded to begin construction.[1][8][9][10] The Russian government stipulated that Stroygazmontazh is to complete the railway link by August 1, 2019, and fully complete all works on the bridge by December 1, 2019.[1][11] Stroygazmontazh has never built a major bridge before.[12] Because of the risk of sanctions, no international insurance company has underwritten the potential $3 billion loss if the project goes wrong. So a small Crimean insurance company has underwritten it.[12]

References

  1. 1 2 3 4 "Putin's Shadow Cabinet and the Bridge to Crimea". The New Yorker. 29 May 2017. Retrieved 20 January 2018.
  2. ↑ STROYGAZMONTAZH ranks 21st in the Forbes rating of «200 largest private companies in Russia»
  3. 1 2 «1C.Bitrix», Интернет-агентство «Артус»,. "SGM Group of Companies". www.ooosgm.com. Retrieved 6 November 2017.
  4. ↑ "Stroygazmontazh OOO: Company Profile". Bloomberg. Retrieved 6 November 2017.
  5. ↑ "Stroygazmontazh Ltd". reconnectingasia.csis.org. Retrieved 6 November 2017.
  6. ↑ "РБК представляет 500 крупнейших по выручке компаний России". РБК. Retrieved 20 November 2017.
  7. ↑ "Putin's Friend Profits in Purge of Schoolbooks". The New York Times. 1 November 2014. Retrieved 20 January 2018.
  8. ↑ "Bridge to Crimea: Putin strives to complete a 'historic mission'". The Financial Times. 23 September 2016. Retrieved 15 November 2017.
  9. ↑ "Sanctions, tight margins sap appetite for rail link to 'Putin's bridge'". Reuters. 16 January 2017. Retrieved 15 November 2017.
  10. ↑ "Putin's Judo Partner Awarded $285M Contract For Crimea Railway'". The Moscow Times. 18 January 2017. Retrieved 15 November 2017.
  11. ↑ "Russian Cabinet Announces Crimea Bridge Contractor Name". Sputnik International. 31 January 2017. Retrieved 20 January 2018.
  12. 1 2 Pollock, Emily (6 July 2018), Europe’s Longest Bridge Spans Troubled Waters, Engineering.com, archived from the original on 2018-10-13
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