Stroygasconsulting ups stake in contractor for railroad construction on Yamal Peninsula
MOSCOW. Nov 1 (Interfax) - The Russian Anti-Monopoly Service (FAS) has granted LLC Stroygasconsulting's application to purchase 20.4% of OJSC Yamaltransstroy's (Moscow) shares, which will increase its stake in the company to 80.4%, the FAS said in a statement.
The FAS also granted OJSC Yamaltransstroy's (Moscow) application to purchase 86% of OJSC Yamaltransstroy (Yamal-Nenets Autonomous District, city of Labytnangi).
Yamaltransstroy (Labytangi) is Gazprom's general contractor for constructing and operating railroads on the Yamal Peninsula.
As a result of the deal, Yamaltransstroy (Moscow) will become the 100% owner of Yamaltransstroy (Yamal-Nenets Autonomous District). It currently owns 14% of the contractor.
According to the SPARK database, Yamaltransstroy's (Yamal-Nenets Autonomous District) shareholders include OJSC Nefteresursy (21.8%); OJSC Yamaltransstroy Transport Investment Company (35%), whose main shareholder (52%) is overall General Director Igor Nak, state duma deputy for the Yamal-Nenets Autonomous District and a co-owner of the Yamal-Nenets regional public support fund for the United Russia party; and KoNa LLC (11.2%, Moscow), whose parent company is Yamaltransstroy.
The FAS also granted Stroygasconsulting's application to increase its voting shares in Nefteresursy from 16.7% to 76.9%.
Yamaltransstroy (Yamal-Nenets Autonomous District) was created to construct railroads from the Obsk station to the Bovanenkovo gas condensate field - the first field mastered by Gazprom on the Yamal Peninsula. The Obsk-Bovanenkovo railway was opened at the beginning of 2010, and movement from Bovanenkovo to the Karsk station began in 2011. The cost of constructing the 572-kilometer-long railroad was almost 150 billion rubles.
There are future plans for the railroad to continue on to the Kharasaveiskoye field, as well as to the Tambeiskoye group of fields.
In 2011, Yamaltransstroy plans to continue constructing the Obsk-Bovanenkovo rail line at the Sokhonto station - Bovanenkovo station - Karsk station, as well as to complete construction and installation of locomotive facilities at the Obsk station. The company will also continue work on the Technological Connection - Yuribei station - Bovanenkovo station facility.
In addition, Yamaltransstroy concluded contracts with the local municipality on finishing the Children's Recreation Park in South Salekhard, as well as a state contract with the state institution Management of Capital Construction and Investment of the Yamal-Nenets Autonomous District on completing the construction and installation of the Naberezhnaya River Shaitvnka (Right Bank) facility and the Building of the Situational Center of the Yamal-Nenets Autonomous District Government facility in Salekhard.
The company's management says that it possesses a production base and work experience in the regions of the Far North and that it can work in permafrost conditions. It does not have competition in this area.
Stroygasconsulting is a holding that contains managing companies and production enterprises. The company is led by Ziyad Manasir and serves as a contractor for major Gazprom and OJSC Transneft projects. It remodels and constructs roads, production facilities and social infrastructure in various regions.