Stroytransgaz Remains the Best among Russian Contractors

Wednesday, September 16, 2009

Stroytransgaz remains the only Russian company that participates in rankings of the international journal Engineering News-Record along with such leaders of construction and engineering market as AMEC and Petrofac (Great Britain), Saipem (Italy), KBR, Willbos, Bechtel and AkerSolutions (USA), GAMA (Turkey), TECHNIP (France).

Based on the results of the construction activity in 2008, Stroytransgaz was ranked:

141^th in the category of 225 Top Global Contractors
111^th in the category of 225 Top International Contractors

In spite of the challenging financial situation Stroytransgaz continually strengthens its positions and expands its presence in international markets. The participation in the international projects facilitates the development of Stroytransgaz as an international engineering and construction company and serves as advantage in the competitive struggle for foreign projects.

In 2008 Stroytransgaz added to its contract portfolio a contract with Dolphin Energy Ltd for the construction of Taweelah—Fujairah gas pipeline in the UAE, becoming the only Russian contractor operating in the country. STG has been proceeding with its activities in the oil and gas market of Greece. A contract between Stroytransgaz and DESFA S.A. for the construction of the compressor station along the Kulata—Athens main gas pipeline was signed in 2008. In Saudi Arabia the second contract for the development of gas fields was signed. Stroytransgaz successfully continues to implement projects in Algeria, India, Turkmenistan, Kazakhstan and Finland.

Further Information
The Engineering News-Record (ENR) is an international journal specializing in analysis of the operations of engineering and construction companies worldwide. ENR, together with Standard & Poor’s, BusinessWeek and McGraw-Hill Education, is part of the prominent publishing group McGraw-Hill Company (USA). Engineering News-Record compiles and publishes rankings of the largest engineering and construction firms annually. The main criteria for measurement are total gross revenue for the previous financial year, information on construction work outside of the home country, as well as other financial data publicly available in IFRS format.

Stroytransgaz is a major Russian construction and engineering company specializing in the execution and management of investment and construction projects in the field of industrial and civil construction of oil, gas, electric and power facilities. STG has been participating in ENR international rankings since 2007.