No. 151

  USRCC Business Newsletter
USRCC Activities

The U.S. Russia Chamber of Commerce ("USRCC")  is pleased to participate in 
NAPE Summit for the 5th year in a row

NAPE is the oil and gas industry's marketplace for the buying, selling and trading of prospects and producing properties. NAPE is unique in that it brings together all industry disciplines; draws in decision-makers; focuses its participation on prospect generators; and hosts companies of all sizes, from small independents to majors. If you compete in the upstream oil and gas business, NAPE offers you an unparalleled opportunity to meet decision makers in an environment that is fun, energetic and, most of all, serious about getting business done. This year, NAPE Summit is celebrating 25 years of bringing together dealmakers from all around the world to connect, reconnect and make deals happen.

Visit us at NAPE Summit at booth # 4914


The USRCC Young Professionals Committee invites you to attend

HR Panel and Networking Event 
" From Entry Level to CEO - How to continue moving up the OrgChart "

  • How to survive in a big organization?
  • What are the key skills and traits that an employee must develop in order to transform into a leader?
  • What are the key tips that will help the transition from an individual contributor to a management role?
  • How to adopt a long-term positive and productive frame of mind for managing performance of a work group, build trust, make decisions, and deal with difficult situations?
  • What mentorship programs help within organizations? How to deal with employee disciplinary issues in your group as well as promotions?
These and other questions to be answered by the group of panel speakers at the event.


February 22, 2018
6:00 PM - 8:00 PM

Stay tuned for more details!

  USRCC Trade Mission to Russia
May 2018

The U.S.-Russia Chamber of Commerce (USRCC) invites you to participate in a Trade mission to the  St. Petersburg International Economic Forum . Participants will have an opportunity to meet Russian government officials and some of the most influential leaders in U.S.-Russia trade and investment relations. The USRCC will coordinate private meetings, an exclusive CEO Roundtable and introductions, in addition to attending the St. Petersburg International Economic Forum (SPEIF).

Participating companies will gain market insights, make industry contacts, solidify business strategies, find business partners, and advance specific projects with the goal of increasing U.S. trade and investment to Russia.

For more details about the Trade Mission please contact us  directly at      

USRCC Internship

The USRCC is looking for new team members!

 play a key role and the contributions they make impact the day-to-day functions of the chamber and shape the future of relationship between Russia and the U.S.

There are many ways you can get involved with the USRCC. Whether you are an experienced leader or a student, there is a place for you. By volunteering you can be at the very centre of our high-profile events held in Houston, Chicago and New York City and interact with influential leaders in the U.S.-Russia trade and investment.
USRCC Membership
Are you taking advantage of your  USRCC Member Benefits?

Renew your membership or join for the first time today!

For more information  click here 
Interested in learning more about our 2018 events? 

To see a full list   click here
Members' News
Oil heavyweights Exxon, Shell and Chevron ready to dive into Mexico's deep waters

Dallasnews.com, January 23, 2018: If you're a super-major oil explorer, Mexico says it's got a bargain for you.
The once-giant crude nation whose output plunged in the past decade is enticing the world's richest explorers with cut-rate prices for drilling rights to its most coveted offshore fields. The Jan. 31 auction for access to 29 deep-water tracts comes as $70-a-barrel crude lifts foreign drillers from the worst market slump in decades.
Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp. are among the 21 entrants registered to bid next week, the National Hydrocarbons Commission announced Thursday in a webcast.   Read more...
Oil Pares Gains After API Reports Surprise Crude Inventory Build

Oilprice.com, January 23, 2018: The American Petroleum Institute (API) reported a surprise build of 4.755 million barrels of United States crude oil inventories for the week ending January 17, ending the streak of seven large draws in the previous seven weeks, according to the API data. Analysts had expected a drawdown of 1.6 million barrels in crude oil inventories.
Last week, the American Petroleum Institute (API) reported a huge draw of 5.121 million barrels of crude oil, along with an increase in gasoline inventories of 1.782 million barrels.
This week, the API is reporting another build in gasoline inventories of 4.117 million barrels for the week ending January 17. Analysts had expected a smaller 2.486-million-barrel build.  Read more...
This Week in Review 
Russian ruble prepared for global expansion as dollar dependency drops

Rt.com, January 22, 2018: The ruble can play a greater role in the former Soviet republics, according to the Central Bank of Russia. The Russian currency is seeking to compete with the US dollar in trade with the Eurasian Economic Union and CIS countries.
The country's central bank says by 2035 the ruble can expand in the EEU, a trade and political bloc uniting Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan. It can also develop in the Commonwealth of Independent States (CIS), the bank says.
Ruble transactions in the EEU are currently worth the equivalent of US$69 billion, compared to US$18 billion and US$5 billion in euros. In the last six years, the share of ruble settlements in the EEU has increased from 56 to 75 percent, while the share of the dollar has decreased from 35 to 19 percent.
The successful promotion of the ruble is the result of Russia's growing dominance in the post-Soviet region. Moscow now has plans to switch to trade in national currencies with other countries as well.  Read more...
Davos 2018: Russia's economic growth driving foreign investor interest

Rt.com, January 28, 2018: Foreign direct investment in Russia increased by 25 percent last year. That is a "significant number," according to the Russian Direct Investment Fund's (RDIF) chief, Kirill Dmitriev. He said 2017 was very successful.
"We believe that Russia is growing, is generating additional interest from foreign investors, and they will continue to invest actively in the next year as well," Dmitriev told RT on the sidelines of the Davos Economic Forum in Switzerland.
He said that the Russian economy has very strong economic fundamentals such as low inflation, very low debt, very strong macro-economy and still very low valuations.  Read more...

Russia's Ministry of Finance Publishes Draft of Cryptocurrency Bill

Coinjournal.net, January 25, 2018: Russia's finance ministry has published a draft bill on "Digital Finance Assets" which outlines a framework for the regulation of cryptocurrency, tokens, and ICOs in Russia. If signed into law, the document will legalize cryptocurrencies, making it possible for residents to trade through licensed exchanges which must be registered in Russia and comply with the national legislation for securities.    Read more...

Russia and Argentina interested in developing joint energy cooperation

Tass.com, January 23, 2018: Russia and Argentina are interested in developing cooperation in the energy and infrastructure sectors, Argentina's President Mauricio Macri said in an interview granted upon the end of his visit to Moscow to TASS First Deputy Director-General Mikhail Gusman.
"We are especially interested in developing ties in the fields of energy, agro-industry, infrastructure, logistics, mechanical engineering, in particular in the railway sector, since Russia has great experience in it. It could supply us with necessary equipment for the construction of railways," Macri said.  Read more...
Russia to supply 48 Mi-17V-5 helicopters to India

Defence-blog.com, January 23, 2018: Sergey Chemezov, CEO of Rostec State Corporation, has confirmed an export order from India to supply 48 Mi-17V-5 medium-lift military helicopters.
"Negotiations with the Indian side on the delivery of 48 Mi-17V-5 helicopters have been completed; we expect to sign the corresponding contract in the first quarter of 2018."
"Our helicopter meets all the requirements presented in the tender documentation, and its technical characteristics exceed our competitors. We already have a solution for the naval version of this helicopter with folding blades."   Read more...

Russia plans to increase beef exports from Latin America

Globalmeatnews.com, January 23, 2018: The Russian government plans to significantly increase beef exports from Latin America (except Brazil) to compensate for potential domestic supply shortages created by the existing ban on meat imports from Western countries and a recent ban on Brazilian beef.  Read more...
French tanker with Russian LNG to arrive in US port in few days - company

Tass.com, January 23, 2018: The French tanker Gaselys, which is carrying Russian liquefied natural gas to the U.S., has not yet arrived at the Everett port near Boston, Massachusetts but this will happen in the coming days, a representative at the headquarters of the French energy company Engie, which owns the ship, told TASS.
"The destination is definitely Everett. Because the weather conditions were quite difficult in the harbor, the vessel couldn't accost (dock - TASS). I don't know the exact date. I think it's in the next few days," the spokesman said.  Read more...
Russia and Argentina may invest $250 mln in development of uranium deposits

Tass.com, January 23, 2018: Russia and Argentina signed a memorandum of understanding on exploration and development of uranium deposits in Argentina. This is according to a statement by the Ministry of Foreign Affairs and Worship of Argentina.
The document was signed during the official visit of Argentine President Mauricio Macri to Russia.
It is planned that the volume of investments by Russia and Argentina in the project on joint uranium mining may amount to $250 million.
Uranium One (part of Russian nuclear corporation Rosatom) is engaged in the exploration and extraction of uranium abroad.  Read more...
Norway plans to expand environmental protection cooperation with Russia

Tass.com, January 23, 2018: Norway considers development of environmental cooperation with Russia as one of its priorities, the country's new Minister of Climate and Environment Ola Elvestuen told TASS on Tuesday.
He is taking part at the Arctic Frontiers international conference in Norwegian city of Tromso.
"In our government platform we want in particular to have more cooperation especially in the North and the Kola Peninsula to find more environmental solutions there. There has been cooperation for many years on that and we will work more on it. Of course the Arctic council is also important for us. The cooperation in the Arctic is working and it is something we should build on," he said.  Read more...
German exports to Russia up for the first time in five years

Reuters.com, January 22, 2018: German exports to Russia last year rose for the first time since 2012 due to a recovery of the Russian economy, which had been hit by sanctions over Moscow's involvement in the conflict in east Ukraine, data showed on Monday.
German companies sold goods worth 24.1 billion euros ($29.53 billion) to Russia in the first eleven months of 2017, according to data from the Federal Statistics Office, with demand for machinery and cars being especially strong.
Russia Strengthens its Position in Bangladesh Through Energy

Journal-neo.org, January 23, 2-18: As it is well known, the economy of the People's Republic of Bangladesh (PRB) is one of the least developed, but one of the fastest growing economies of Asia demonstrating steady growth in the last few years. Today many countries seek to cooperate with PBR, in the hope of making profitable investments, gaining access to its growing markets and cheap labor. Among them are India, China, South Korea, Japan, the United Kingdom, USA and other states.
Russia has achieved significant success in the development of relations with Bangladesh concluding a partnership with this country in a strategically important area such as energy. The Russian Federation plays an important role in the oil and gas industry of PRB and is a key figure in its atomic project.  Read more...
Russia's space agency plans to carry out 150 space launches by 2025

Tass.com, January 23, 2018: MOSCOW, January 23. /TASS/. Russia's state-run corporation Roscosmos plans to carry out 150 space launches by 2025, its CEO Igor Komarov told a space conference on Tuesday.
"In the period ending 2025 (the period of the newly-adopted federal space program) we plan to fundamentally upgrade the group of satellites in orbit. We plan to carry out more than 150 launches. That done the Russian orbital group will grow considerably," he said.
Lately, Roscosmos obtained sufficient evidence of how important the group of the global navigation system GLONASS satellites is important to ensuring global security and upgrading the economy, he remarked.  Read more...
Global Energy Solutions starts its next project for BP Azerbaijan

En.trend.az, January 23, 2018: Global Energy Solutions (Glensol) entered into next project for BP Azerbaijan to provide electrical & instrumentation services in the Azerbaijan-Georgia-Turkey (AGT) region.
Glensol's services will cover Sangachal Terminal, BTC and WREP oil export pipelines onshore and 7 BP platforms offshore. The project scope includes execution, service, installation, commissioning, modification and inspection services designed to maximize uptime and optimize assets life cycle. Duration of the project is 3 years with possible extension up to 2 years.  Read more...
Road freight traffic from Kazakhstan to Azerbaijan to grow, minister says

Azernews.az, January 23, 2018: Kazakhstan's Parliament approved the ratification of the agreement with Azerbaijan on international road transport.
Road freight traffic flow from Kazakhstan to Azerbaijan will grow significantly, Kazakh Minister of Investments and Development Zhenis Kassymbek said commenting on the news, the Central Asian country's media outlets reported.
 "This agreement is aimed not only at development of bilateral transportation between Kazakhstan and Azerbaijan," Kassymbek said. "We have observed great increase in transit transportation via Azerbaijan by road in the direction of Georgia and Turkey in the last two or three years."  Read more...
US-Russia Related News in Russian
Новости членов Палаты
Газпром рассматривает возможность увеличения поставок СПГ в Южную Корею

Neftegaz.ru, 25 января, 2018: Газпром и KOGAS обсудили вопросы дальнейшего развития сотрудничества.
25 января 2018 г в г Москве состоялась рабочая встреча главы Газпрома А. Миллераи президента, главного исполнительного директора KOGAS Ч. Сын-Иля.  
На встрече рассматривались вопросы поставок в Корею сжиженного природного газа (СПГ) с проекта Сахалин-2, в т.ч перспективы их увеличения.
Также Газпром и KOGAS обсудили вопросы дальнейшего развития сотрудничества.
Южнокорейская KOGAS специализируется на строительстве и эксплуатации терминалов по приему СПГ и газораспределительных сетей, реализации международных газовых проектов и научно-исследовательских разработка.  Читать далее...
ТМК отгрузила 3,806 млн т труб в 2017 г.

Metal-expo.ru, 22 января, 2018: ТМК отгрузила в 2017 г. 3,806 млн т трубной продукции, что на 10,6% выше, чем в 2016 г. Рост был достигнут благодаря значительному увеличению объемов отгрузки Американского дивизиона на фоне восстановления североамериканского рынка, сообщается в отчете компании об операционных результатах.
Отгрузка бесшовных труб выросла на 11,6%, до 2,676 млн т, в первую очередь за счет увеличения объёмов отгрузки труб OCTG.
Показатели по отгрузке сварных труб выросли на 8,4% и составили 1,129 млн т. При этом значительное падение объёмов отгрузки ТБД было полностью компенсировано ростом отгрузки других видов сварных труб, прежде всего в Американском дивизионе.  Читать далее...
Новости недели
Внешняя торговля - самый динамичный показатель экономики России 2017 года

Eadaily.com 25 января, 2018: Росстат опубликовал итоги социально-экономического развития России за 2017 год.
По данным органов статистики, промышленное производство в прошлом году выросло всего на 1%, тогда как в 2016 году индекс промпроизводства составлял 1,3%. Динамика производства продукции сельского хозяйства снизилась еще более существенно: 2,4% в 2017 году против 4,8% в 2016 году, хотя в прошлом году Россия установила исторический рекорд по урожаю зерновых.  Читать далее...
Минэнерго сохраняет прогноз по добыче нефти в России на уровне 2017 года

Ria.ru, 21 января, 2018: Минэнерго сохраняет прогноз по добыче нефти в РФ в 2018 году на уровне 2017 года - 546-547 миллионов тонн, сообщил в интервью РИА Новости глава Минэнерго РФ Александр Новак.
"Если исходить из того, что соглашение (ОПЕК+) будет действовать весь 2018 год, то уровень добычи у нас будет примерно на уровне 2017 года, то есть 546-547 миллионов тонн", - ответил Новак на вопрос, сохраняет ли министерство планы по добыче нефти в России в 2018 году.  Читать далее...
Ford Sollers увеличил продажи автомобилей за рубежом на 21%

Ford.ru, 22 января, 2018:
  • В прошлом году экспортные продажи Ford Sollers выросли на 21%, за пределами России реализовано более тысячи автомобилей;
  • Лидерами по росту спроса в Беларуси, Казахстане и Армении стали Ford EcoSport, Ford Kuga и Ford Focus;
  • Наибольшей популярностью пользовались Ford Focus, Ford EcoSport, высока доля Ford Fiesta;
  • Помимо готовой продукции, Ford Sollers поставляет за рубеж комплектующие для европейского производства. Читать далее...
Нефть, газ и зерно: экспорт из России в Японию за год вырос на 26,6%

Oblgazeta.eu, 24 января, 2018: За минувший 2017 год Россия существенно укрепила торговые отношения с Японией: рост импорта составил 21,5%, экспорта - 26,6%. Данные предоставило японское министерство финансов.
Как сообщают РИА Новости, из России в Японию было ввезено продукции на сумму 14,125 млрд долларов - в основном это нефть и нефтепродукты, сжиженный природный газ и другие виды природного топлива. Отмечен резкий рост поставок зерна - за год он составил 42,4%.
Япония, в свою очередь, особенно активно поставляла в РФ авто- и мототранспорт, приборы и оборудование. Общий объём импорта из этой страны составил 6,124 млрд долларов.   Читать далее...
Ради ЭКСПО-2025 Россия готова превратить Екатеринбург в город будущего

Mk.ru, 24 января, 2018: Как ни прискорбно, но всемирная универсальная выставка ЭКСПО еще ни разу не проводилась в России. В следующий раз она должна состояться в 2025 году, и у российских властей есть надежда - они видят местом ее проведения вовсе не Москву или Санкт-Петербург, а Екатеринбург, где хотят создать город будущего.
В мае 2017 года Россия официально стала претендентом на проведение всемирной универсальной выставки ЭКСПО-2025. Кандидатом от нашей страны был выбран Екатеринбург. И вот заявочный комитета ЭКСПО-2025 приступил к сбору заявок от талантливых разработчиков и авторов инновационных идей, которые могли бы приложить руку к созданию городу будущего, который планируется развернуть на территории Екатеринбурга, дабы пустить пыль в глаза мировому сообществу. Читать далее...
Золотой запас РФ вырос за последние 10 лет в 4 раза

Oilru.com, 24 января, 2018: Объем золота в международных резервах Банка России увеличился за последние десять лет в четыре раза - с 451 тонны до 1838 тонн. Банк России сохраняет первое место в мире по закупкам золота шестой год подряд. 
До вхождения в список пяти крупнейших стран по запасам золота Россию отделяют всего пять тонн. Пока Россия находится на шестом месте после Китая (1842,6 тонны). Однако доля золота в валютных резервах России составляет почти 18%, а в валютных запасах Китая - всего 2,5%, пишет "Российская газета".   Читать далее...
USRCC Executive Partners



The U.S.-Russia Chamber of Commerce (USRCC)  is  a 501(c)(6) no t for  profit  corporation with its headquarters  in Houston, Texas,  and offices in the Midwest and the Northeast. The USRCC  was established in 2009 to promote  trade and investment  between  the  Russia n Federation  and the U.S. A.  
The information contained in this newsletter is provided for general information purposes only and does not constitute legal or other professional advice on any subject matter. USRCC does not accept any responsibility for any loss that may arise from reliance on information contained in this newsletter. The views and opinions expressed in this publication are those of the authors. They do not reflect the opinions or views of the USRCC or its members.  Links within this newsletter lead to other websites, including those operated and maintained by third parties. The linked sites are not part of the USRCC newsletter. USRCC includes these links solely as a convenience to the newsletter subscribers, and the presence of such links does not imply a responsibility for the linked site and its operator. USRCC cannot certify the accuracy of the material provided by the original  source .