Profit of the largest contractor “Gazprom” has increased to 10.5 billion rubles.

“Stroytransgaz”, is co-owned by billionaire Gennady Timchenko, at the end of 2015, increased its profit by 2.7 times, to 10.5 billion rubles This follows from the accounting reporting of “Stroytransgaz” for the last year and published in the system “SPARK-Interfax”.

The company’s revenue in 2015 has increased 1.8 times, up to 188.3 billion RUB., gross profit doubled to 20,910 billion rubles. Profit before tax increased by almost three times — up to 14,012 billion.

Group Stroytransgaz (STG) acquired 50% of CJSC “Stroytransgaz” (formerly “Argus pipeline”) from its founder Michael ray in 2013. Gennady Timchenko’s STG group owns 63%, Gazprombank — 19,99%, Michael Canino 5.7% and Maxim Vorobyov — 11,3%. Later a share in “Stroytransgaz” was transferred directly to the shareholders of STG. Thus, the Fund Timchenko Volga Group received 31.5% of the company Gazprombank — 10%.

Customers of Stroytransgaz are the leading Russian oil and gas companies, including Gazprom, Transneft, SIBUR holding”, “LUKOIL”, “Rosneft” and “NOVATEK”.

The company is one of the largest contractors of “Gazprom” together with the “Stroygazmontazh” Arkady Rotenberg and “Stroygazconsulting” (50% to Gazprombank and Fund UCP). For January—March 2016 “SGM” received from “Gazprom” contracts for 25 billion rubles, Stroytransgaz — RUB 20.4 billion, stroygazconsulting — 18.2 billion rubles.

The contractor States

Forbes magazine estimates the state of Gennady Timchenko $11.4 billion In the “government order Kings-2016” Timchenko was ranked third. According to the magazine, last year, the company which co-owner is a billionaire, has received contracts from the state and state-owned companies to 161 billion rubles.

In June it became known that “Stroytransgaz” received from “Gazprom” in a row with a value of 27.6 billion rubles for the construction of 93 km of the pipeline “Power of Siberia”. The contractor under the terms of the contract have to build by the middle of 2018, the pipeline from the city of Lensk to the compressor station “Of”.

The first contract for construction on section Chayanda — Lensk with a length of 208 km Stroytransgaz” received from monopoly in March 2015. In a row were obtained without a competition, and the contract amount was not disclosed. In March the prospectus of Eurobonds, said that in 2016, “Gazprom” will build 800 km of gas pipeline and spend 90 billion rubles.