No. 170

  USRCC Business Newsletter
USRCC Activities
USRCC 2nd Annual Young Professionals Speed Mentoring and Networking Event

On June 6, 2018 the U.S.- Russia Chamber of Commerce (USRCC) hosted its 2nd Annual Young Professionals Speed Mentoring and Networking event that took place at the University of Houston Downtown, Marilyn Davies College of Business and drew a crowd of more than 40 young professionals from the various industries.

The event started with opening remarks provided by Ilya Aranovich, USRCC Young Professionals Committee Chair and welcome remarks provided by  Dr. Kevin Barksdale, Associate Dean of Graduate Studies, Marilyn Davies College of Business, who greeted the guests on behalf of the University of Houston Downtown and encouraged all the mentors to introduce themselves. 

Opening remarks were followed by speed mentoring sessions during which mentors shared their experience and professional challenges, gave advice on what worked for them the best and shared what they would have they done differently. 

Mentees had an opportunity to discuss professional strengths, exchange business cards, ask questions, and gain insights from senior business professionals. 

The overall goal of the speed mentoring was for the mentees to get a quick snippet of mentoring advice from each mentor in order to continue in the quest of growing within their careers.

Our special thanks to all the mentors:

Michelle Hundley, Economic Development Advisor , Office of Harris County Judge Ed Emmett
Stephen Fulton, General Manager, Shipping and Logistics, TMK IPSCO
Dr. Kevin Barksdale, Associate Dean of Graduate Studies, Marilyn Davies College of Business, University of Houston Downtown

Mikhail Antonov, President and Managing Director, Gazprom Marketing and Trading, USA

Nikolay Gergov, Vice President, Relationship Manager, Corporate Banking, BBVA Compass


Testimonial by Steve Fulton, General Manager Shipping and Logistics, TMK IPSCO:

"I wanted to say thank you for the opportunity to participate in the Speed Mentoring Forum yesterday.  I felt this was a great event to be a part of, lots of different experiences at each table!   I'm hopeful the experiences I shared were informative and useful to the group and spurred some thoughts and ideas on how to plan their professional careers.  This Forum has given me some interesting thoughts I can convey and work on with our young group at our Corporate location.   Thank you for that!
I would be interested in participating in a future event if I'm available to do so."

The SABIT Program

The SABIT Energy Efficiency and Renewables in Residential and Commercial Construction application is available! This program is for applicants from Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan.
Please go to  https://www.trade.gov/sabit/ to download. 

The deadline date is July 13.
USRCC's Booth at the Annual Summer NAPE in Houston  

The annual Summer NAPE in Houston is an expo and networking event that brings together all the players necessary to forge, facilitate and close deals. More intimate than the annual NAPE Summit, this show is a "must attend" event to network with the people and players who have firsthand knowledge of the opportunities and prospects throughout the area. Summer NAPE is where deals happen:  http://napeexpo.com/summer

The Summit will be held at the George R. Brown Convention Center, Houston TX
August 15-16, 2018.

Stay tuned for the USRCC's Booth #!

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.
To learn more about the position  click here or contact us directly at info@usrussiacc.org   call 713.429.4680
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
India Imports Its First LNG From Russia

Oilprice.com, June 4, 2018: India received on Monday its first liquefied natural gas (LNG) cargo from Russia under a long-term supply contract with Gazprom, in a move that Indian Oil Minister Dharmendra Pradhan described as a "historic milestone in India-Russia energy ties" that would diversify India's energy sources.
GAIL (India) Limited is the first Indian public-sector company to source LNG from Russia on a long-term contract basis, the Indian company said, adding that it has a deal to import LNG from Gazprom Marketing & Trading Singapore (GMTS).  Read more...

Lukoil.com, June 5, 2018: President of LUKOIL Vagit Alekperov and Chairman of the Management Board of the National Company KazMunayGas Sauat Mynbayev signed a Principles Agreement on Zhenis license area, in Astana today.
According to the agreement, the parties will establish a consortium upon completion of relevant procedures, required for the agreement to enter into force, and negotiate with a competent authority of the Republic of Kazakhstan to qualify for exploration and production at the block.  Read more...
Deals this week: ExxonMobil, Schlumberger, Petrofac

Offshore-technology.com, June 8, 2018: ExxonMobil has acquired a 50% share in Equinor's BM-S-8 block located offshore Brazil for $800m.
The BM-S-8 block holds the two billion barrel, pre-salt Carcara oil field.
The owners of the BM-S-8 block will be ExxonMobil (36.5%), Equinor (36.5%), Petrogal Brasil (17%) and Barra Energia (10%), following the deal.
ExxonMobil and its partners have commenced development activities on the Carcara oil field, including concept selection.
ExxonMobil holds a 40% interest in the North Carcara block located adjacent to BM-S-8. The block also contains a part of the Carcara field.   Read more...
The Week in Review
Russia's Sibur says new gas chemical complex will cost up to $8 billion

Reuter.com, June 8, 2018: Russian petrochemical company Sibur said its plans to build a gas chemical complex in Russia's Far East will require preliminary investments of up to $8 billion and it is still looking for Asian partners.
Sibur said a year ago that it had been in talks with a number of Chinese investors about participating in the project to build the complex in Amur.
Sibur's Chief Executive Officer Dmitry Konov told Reuters in a recent interview, that the company, Russia's largest petrochemicals company, was still talking to investors, without giving details on their progress.   Read more...
Pakistan, Russia finalise deal to study undersea gas pipeline project

Energy.economictimes.indiatimes.com, June 8,2018: Pakistan and Russia have finalised a memorandum of understanding (MoU) for conducting a "feasibility study" of a planned undersea gas pipeline.
While speaking at the weekly media briefing, Foreign Office (FO) spokesman Muhammad Faisal said on Thursday: "The ministries of energy of Pakistan and the Russian Federation have finalised a MoU for conducting feasibility study for implementation of undersea gas pipeline project," Dawn news reported.  Read more...
Russia, China to create joint investment fund worth $1 bln

Tass.com, June 7, 2018: Russia-China Investment Fund (RCIF) and a Chinese partner will set up an investment fund worth $1 bln, co-head of the Fund and Chief Executive Officer of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said Thursday.
"Tomorrow we will announce an agreement with one of China's leading funds on establishing a fund worth $1 bln to invest in such sectors as transport, tourism, and infrastructure," he said.  Read more...
Russia's pork is looking for more export markets

Pigprogress.net, June 7, 2018: Despite growth figures in 2017, Russia's pork and pork by-products exports give some reason for concern, according to Russia's specialists. There is a strong dependence on Hong Kong and Eastern Ukraine.
In 2017, Russia's pig farmers exported 27,000 tonnes of pork with a total value of about US $62 million, according to a statement on the website of the Russian Export Center. That is nearly 50% higher compared to 2016 - but still far below figures that government agencies would be eager to see.  Read more...
Digital Aviation Forum brought together over 280 professionals

Russianaiainsider.com, June 5, 2018: On May 31, Moscow hosted the 11th International Digital Aviation Forum which gathered more than 280 CIOs and experts of airlines, airports, business divisions of OEMs and travel agencies, IT-companies developing solutions for aviation.
Being held for the 11th time by Infomost Consulting company, the Forum has significantly widened both its program and format. This year, brilliant performances by the speakers gave the participants an opportunity to dip into technological future of traveling, besides the attendees had a chance to visit the Digital Aviation Hackathon where young teams developed cases and competed to find out the best among them, as well as to join showcases and workshops organized by partners of the Forum, dive into the world of cutting edge technologies in the demo-zone and get familiar with advanced startups in the traveling industry.  Read more...
New Russian association to encourage a slicker supply chain

Automotivelogistics.media, June 6, 2018: A group of Russian state-owned and private companies has formed a body called the Digital Transport and Logistics Association (DTLA), reported to be the biggest such association to have existed in the Russian transport industry and tasked with establishing a joined up supply chain supported by the latest digital technology.
The set-up of the group was announced at the recent St Petersburg International Economic Forum held on May 24-26.
Among the members of the new association are state-owned organisations Russian Railways (RZD) and  Russian Highways (Avtodor), along with Aeroflot, RT-Invest Transport Systems (which manages the road toll collection system in Russia), and a subsidiary of the state run Rostec Corporation which owns a 67% stake in carmaker Avtovaz.
First Russian-built digital substation to be built in Skolkovo

Powertransformernews.com, June 6, 2018: PJSC MOESK has unveiled the first ever digital substation to be built in Russia, in the Skolkovo district of Moscow.
The 110kv substation is designed to provide electricity to the building of an "innovation cluster", as well as residential houses nearby.
When discussing the decision not to buy in a foreign-made switchgear, Moesk General Director Peter Sinyutin said: "Of course, such a decision required serious technical elaboration and engineering solutions, but otherwise the domestic enterprise would not have a chance to create a real Russian product."  Read more...
Russia's Rosatom signs deals to build 4 nuclear power units in China

Reuters.com, June 8, 2018: Russian state nuclear company Rosatom has signed deals to build four nuclear power units in China, it said at a signing ceremony said on Friday.
Rosatom will construct two units each at the Xudabao and Tianwan nuclear plants, it said.
All four units will feature Russia's latest Gen3+ VVER-1200 reactors. The reactors and all other necessary equipment will be developed and supplied by Russia. Rosatom did not provide an estimate of the cost. (Reporting by Denis Pinchuk and Katya Golubkova; Editing by Mark Potter).  Read more...
Turkmenistan, Russia aim at increasing sea transportation in Caspian Sea

Azernews.az, June 8, 2018: The possibilities of cooperation of Turkmen and Russian transport companies in the region of the Caspian Sea were discussed in Moscow, says the message of the Union of Industrialists and Entrepreneurs of Turkmenistan.
The talks were attended by Deputy Minister of Transport of Russia Viktor Olersky and Head of the Turkmen Logistics Association Mele Bekmuradov.
The importance of increasing the volume of cargo transportation through the ports of the Russian Federation and Turkmenistan was emphasized, the message says. The possibilities of cooperation in the framework of promising projects of multimodal transportation along the North-South international transport corridor were discussed.   Read more...
Kazakh-British Investment Forum slated for October in London

Astanatimes.com, June 8, 2018: Kazakhstan and the U.K. will hold the Kazakh-British Investment Forum in London in October, Kazakh Ambassador to the United Kingdom Erlan Idrissov announced recently.
"The entire year we have been witnessing a growing interest to us from the British businesses. We are planning to organise a large investment forum October 2 in London," said Idrissov.
British business community, he noted, welcomes the economic reforms in Kazakhstan that open up new opportunities for companies and investors, including the country's large-scale privatisation programme.
"They are willing to receive more information to learn about who can become their partners to set up contacts and build partnerships in such areas as agriculture, military and defence, oil production," he added.
The U.K., one of the largest investors in Kazakhstan, invested more than $25 billion in the country's economy over the years of its independence.  Read more...
Azerbaijan's trade with EU exceeds $5 billion in 5 months of 2018

Azernews.az, June 5, 2018: Over the past five years, the European Union (EU) countries have invested more than $15 billion in Azerbaijan's economy.
Azerbaijani Deputy Economy Minister Rufat Mammadov made the remarks at the EU-Azerbaijan business forum on June 5 in Baku.
He noted that more than 1,500 European companies are currently operating in Azerbaijan.
"Economic cooperation between the EU and Azerbaijan is constantly improving. Last year, the trade turnover between the EU and Azerbaijan amounted to 9.4 billion euros, which account ted for 32 percent of the total trade turnover of Azerbaijan. In the four months of this year, the trade turnover amounted to $3.7 billion, which is 15 percent more than in the same period last year. Over the past five years, the EU has invested $15.3 billion in the country," Mammadov said.  Read more...
US-Russia Related News in Russian
Новости недели
Россия почти вдвое увеличила доходы от экспорта СПГ в январе-апреле

Eadaily.com, 7 июня, 2018: Доходы России от экспорта сжиженного природного газа (СПГ) составили $ 1,47 млрд, что почти вдвое превышает показатель аналогичного периода прошлого года, свидетельствуют данные Федеральной таможенной службы (ФТС).
За январь-апрель экспорт СПГ увеличился в 1,76 раза и составил 11,1 млн кубометров. При этом отмечается существенное снижение экспорта СПГ в апреле по сравнению с мартом 2018 года - на 70,8% до 1,4 млн кубометров. Почти на столько же - на 72,5% снизились доходы РФ от экспорта СПГ в апреле по сравнению с мартом - до $ 174,3 млн.  Читать далее...
Россия, Украина и Аргентина увеличили экспорт подсолнечного масла на 10%.

Sfera.fm, 4 июня, 2018: В апреле текущего года объём экспорта подсолнечного масла из трёх ключевых стран-экспортёров данной продукции увеличился до 862 тыс. тонн в сравнении с 782 тыс. тонн месяцем ранее, подсчитали эксперты Oil World.
Так Украина поставила на внешние рынки 581 тыс. тонн масла (против 562 тыс. тонн в марте), Россия - 200 тыс. тонн (192 тыс. тонн), Аргентина - 81 тыс. тонн (28 тыс. тонн).
Несмотря на апрельский рост, аналитики Oil World прогнозируют, что мировое производство и экспорт подсолнечного масла во второй половине 2017/18 МГ значительно сократятся.  Читать далее...
Татарстан заинтересован в развитии цифровых технологий 

News.rambler.ru, 8 июня, 2018: Татарстан крайне заинтересован в развитии цифровых технологий, участники конференции «Цифровая индустрия промышленной России» (ЦИПР) всегда могут найти в республике партнеров и реализовать многие идеи, заявил президент Татарстана Рустам Минниханов.
"С каждым годом наше мероприятие становится более содержательным, интересным, полезным. Мы познакомились со многими решениями, проектами, нашли партнеров. Уверен, что многие из этих проектов будут реализованы в нашей республике. Эта тема очень важна для предприятий Татарстана", - сказал Минниханов в ходе пленарного заседания конференции ЦИПР. Читать далее...
Студенты из американской школы бизнеса познакомятся с тюменским бизнесом

T-l.ru, 8 июня, 2018: Региональная образовательная программа для магистрантов Уортонской школы бизнеса университета Пенсильвании (Wharton School of Business, University of Pennsylvania) пройдет в Тюменской области с 8 по 11 июня, сообщают организаторы.
В рамках программы пятеро студентов, которые после получения магистерской степени планируют связать свою профессиональную деятельность с Россией, будут знакомиться с тюменским регионом. Они посетят знаковые объекты инфраструктуры и промышленные предприятия: аэропорт Рощино, производственный кластер кампании "Utair", экоферму в Исетском районе, УГМК-сталь и другие. В рамках визита студенты встретятся с молодыми предпринимателями Тюмени, посетят "НеФорум" блогеров и Ялуторовский острог.
  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 .