No. 171

  USRCC Business Newsletter
USRCC Activities
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 #!

The U.S.-Russia Chamber of Commerce invites you to attend

The 8th Annual Welcome Reception
Honoring Russian and CIS Delegations to the 
Breakbulk Americas  2018

Please join the U.S.-Russia Chamber of Commerce in welcoming Russian and CIS delegations to the 8th Annual Breakbulk Americas Reception . This annual event draws decision makers in U.S.- Russia trade and investment, including senior representatives from major shipping and logistics companies, leaders in the oil and gas industry, government officials, elected officials and more.

Breakbulk Americas is the largest and most important gathering in North America for companies involved in the shipping of heavy-lift, project cargo and traditional breakbulk cargoes. The conference provides shippers with the opportunity to meet and develop relationships with the leading specialized carriers, forwarders, ports, terminals and packers who have the expertise and resources to handle oversized cargoes with unique handling requirements.

Wednesday, October 3, 2018 * 6:00 PM - 8:00 PM 
Four Seasons Hotel, Whitney Room * 1300 Lamar Street, 
Houston, TX 77010

USRCC Members - $30/Non-Members - $60
Please note: Refunds will no be issued after September the 30th, 2018

For sponsorship opportunities please contact:

The U.S.-Russia Chamber of Commerce
2900 Wilcrest Drive, Suite 133, Houston, TX 77042 
Phone: 713.429.4680 Email : info@usrussiacc.org

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
Russia's Gazprom Neft readies for oil output hike as global deal seen easing

Reuters: June 9th, 2018:  Gazprom Neft, the fastest-growing Russian oil major in terms of output, is re ady to hike crude production if the global deal on output cuts is eased, company head Alexander Dyukov told reporters on Saturday.
The Organization of the Petroleum Exporting Countries (OPEC) and other leading oil producers including Russia have agreed to cut their combined output by 1.8 million barrels per day in order to smooth out global oil stockpiles and support oil prices.    Read more...
Baker Hughes: US rig count climbs 2 units to 1,062

Oil & Gas Journal: June 8th, 2018: The US drilling rig count reached 1,062 units working, up 2 rigs the week ended June 8, according to Baker Hughes data. The count is up 135 units from this time a year ago when the count stood at 927.
Offshore units were up 1 unit from last week with 20 rigs working. A total of 1,039 rigs were drilling on land, unchanged from last week. The number of rigs drilling in inland waters was up 1 unit to 3 working.  Read more...

The World's Largest Oil & Gas Companies 2018: Royal Dutch Shell Surpasses Exxon As Top Dog

Forbes: June 6th, 2018:  Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000's list of the biggest and most powerful public companies, surpassing last year's leader Exxon Mobil Corp.
The Anglo-Dutch oil and gas giant ranked 11th among all companies on the list, up from 20th the previous year, mostly because of higher sales due to lofty commodity prices. Irving, Texas-based Exxon came in at 13th, the same as last year.  Read more...
Parker Drilling Company (PKD) Moves Higher on Volume Spike for June 11

Equities: June 11th, 2018:  Parker Drilling Company (PKD) traded on unusually high volume on Jun. 11, as the stock gained 8.11% to close at $0.40. On the day, Parker Drilling Company saw 2.27 million shares trade hands on 3,970 trades. Considering that the stock averages only a daily volume of 1.28 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.  Read more...
The Week in Review
Powerful Women of the Gulf Coast meet with Russian business women

News.gulfbreezenews.com, June 14, 2018: Weariung tiaras, the Powerful Women of the Gulf Coast interacted with female entrepreneurs from Russia as part of the Gulf Coast Citizens Diplomacy Council Effort.At the invitation of the Gulf Coast Citizen Diplomacy Council, Powerful Women of the Gulf Coast met with a group of six female entrepreneurs from Russia visiting Pensacola through the Congressionally sponsored Open World Program. This program brings emerging leaders from participating countries to the United States in order to give them first-hand exposure to the American system of participatory democracy and free enterprise.  Read more...
Construction and operation permit for Nord Stream 2 granted by Sweden

Neftegaz.ru, June 8th, 2018:  Nord Stream 2 AG today obtained the permit to construct and operate its planned pipeline system in the Swedish Exclusive Economic Zone (EEZ).
The 1,230-kilometres-long pipeline system will transport natural gas from Russia to the European Union. The permit was granted by the government, represented by the Ministry of Enterprise and Innovation, which is in charge of the application. The permit covers an approximately 510-kilometres-long route section in the Swedish EEZ.  Read more...
Gazprom Neft and IBM expand joint work on new digital projects

Neftegaz.ru, June 6th, 2018:  Gazprom Neft reported today that the company and IBM agreed on expanding cooperation in new technological projects in on-shore oil production.
  One of the possible directions is the consideration of joint work on the methodology for the introduction of a Digital Laboratory by Gazprom Neft. On the basis of the Digital Laboratory, new technologies will be tested to improve the efficiency of geological exploration and production of on-shore oil reserves.  Read more...
'Krasnodar', Iran's new goods export destination in Russia

MehrNewsAgency, June 10th, 2018:  Chairman of Iran and Russia Joint Chamber of Commerce Hadi Tizhoush Taban here on Sunday revealed the selection of Krasnodar province in Russia as Iran's new goods export destination and said, "this Russian province is suitable for the export of Iranian industrial, construction and agricultural products in particular."

He pointed to the vast area of Russia and added, "in the past years, Astrakhan port was considered as major trade and business hub between Iran and Russia for transporting Iranian goods to other parts of this country but with the studies made in this regard, Krasnodar in Russia, was chosen as a suitable destination for shipping Iranian goods and products to Russia."  Read more...
Russian fund, Saudi Arabia to invest in one of Russia's top logistics operators

Tass.com, June 14, 2018: The Russian Direct Investment Fund (RDIF) and the Public Invesment Fund (PIF), a Saudi Arabian sovereign wealth fund, will invest in one of Russia's top five logistics operators, Professional Logistics Technologies (PLT), RDIF said in a statement on Thursday. The agreement was reached during the visit of the Crown Prince, Minister of Defense of Saudi Arabia Mohammad bin Salman Al-Saud to Russia, the statement said.  Read more...
Russia's auto producer GAZ eyes foothold in Vietnam

En. vietnamplanplus.vn, June 11, 2018: Russian auto manufacturer GAZ Group is planning to enter the Vietnamese market by setting up a joint venture for distribution and later by assembling autos in the country.
The biggest manufacturer in Russia is, for the first time, taking part in the Vietnam International Exhibition on Automobile & Transportation and Supporting Industry (Vietnam AutoExpo 2018) in Hanoi. It is showcasing five new car models to study the market. They are the medium duty vans GaZelle NEXT and GAZelle Business 4x4, 19-seat bus GAZelle Next Citiline, and medium-duty trucks GAZon NEXT and Sadko 4x4.  Read more...
Fortum-Rusnano grabs 823 MW in Russian wind tender

Renewablesnow.com, June 14, 2018: Finnish utility Fortum Oyj (HEL:FORTUM) has won the right to build 110 MW of solar parks in Russia in the country's latest clean energy tender, while its partnership with Rusnano has secured 823 MW of wind projects.
The photovoltaic (PV) parks are scheduled for commissioning in the 2021-2022 period and will get a guaranteed power price of around EUR 150 (USD 177) per MWh for 15 years, Fortum said on Wednesday.    Read more...
Digging to China: Russia's mega gas pipeline nears completion

Rt.com, June 12th, 2018:  One of the world's longest gas pipelines, the Power of Siberia, which aims to deliver Russian natural gas to China, is nearly 85 percent complete.
According to the Russian energy giant Gazprom, the section from the Chayandinskoye field (Yakutia) to the border with China is already built. The second tunnel of the underwater crossing of the pipeline through the Amur River is also complete, it saidRead more...
Despite not playing, U.S. leads World Cup flight booking growth to Russia

Reuter.com, June 12th, 2018:  They may not have qualified for the tournament, but travelers from the United States are among those most gripped by World Cup fever in terms of flight bookings to Russia, with bookings up 66 percent, data showed on Tuesday.
  Less surprisingly, the biggest fall in bookings, a drop of 16 percent, is from Italy, which failed to qualify for the World Cup for the first time in its history, travel technology company Travelport said Read more...
Novgorod region to implement Skolkovo medical innovations

Sk.ru, June 14, 2018: Cutting-edge medical systems developed by Skolkovo resident startups will be introduced in the Novgorod region under a cooperation agreement signed on Thursday.
The signing followed a meeting between representatives of the regional Health Ministry and Skolkovo Foundation biomed startups. The two sides agreed to launch pilot projects of five Skolkovo startup medical systems, including one developed by Intellogic (Botkin.AI) that uses artificial intelligence for diagnostics, which will be introduced at a Novgorod cancer clinic.  Read more...
Armenian government to negotiate price of Russian natural gas in November

Neftegaz.ru: June 11th, 2018:  The government of Armenia plans to begin negotiations on the price of Russian natural gas in November, Minister of Energy Infrastructures and Natural Resources Arthur Grigoryan told reporters of the Armenian news agency Arca after a Cabinet session.
  «When discussions with the Russian side are over, and we receive concrete proposals, we will inform the public,» he said, adding that the talks will focus on the price of gas at which it is shipped to Armenia, not on the price at which it is sold to Armenian households. He said the latter issue is up to the Public Services Regulation Committee (PSRC).   Read more...
Azerbaijan, Pakistan to discuss expansion of economic cooperation

Azernews.az, June 1, 2018: Baku will host the Azerbaijan-Pakistan business forum on July 4, the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) announced.
The forum participants will discuss the prospects of expanding economic cooperation and business ties.
The event will include presentations of business and investment opportunities of Azerbaijan and Pakistan, as well as bilateral meetings between entrepreneurs.
US-Russia Related News in Russian
Новости недели
News. worldenergyrussia.ru: Российский национальный комитет Мирового энергетического совета совместно с Министерством энергетики Российской Федерации по согласованию с Правительством Российской Федерации подали заявку на право проведения 25-го Мирового энергетического конгресса в России в 2022 г. в Санкт-Петербурге

Российская нефть свернула на восток

Eadaily.com, 15 июня, 2018: За пять месяцев этого года поставки российской нефти в Европу сократились на 16%. В то же время экспорт в Китай вырос и в 2018 году увеличение составит 45%. Переориентирование российской нефти на восточное направление уже привело к тому, что пустую нишу в Европе начала занимать американская нефть, поставки которой на мировой рынок в этом году увеличились вдвое. Эксперты говорят, что азиатское направление для российских компаний более перспективно и проблемой российской нефти в Европе может быть даже не конкуренция с американским «черным золотом», а ее сернистость, которая уже сейчас не устраивает европейских переработчиков.  Читать далее...
Россия с начала сельхозсезона увеличила экспорт зерна на 47%

Finam.ru, 14 июня, 2018: По оперативным данным ФТС России, на 13 июня (без учета экспорта в страны ЕАЭС) экспортировано порядка 50,5 млн тонн зерна, что на 47% больше, чем за аналогичный период прошлого сезона (34,3 млн тонн), говорится в сообщении Минсельхоза.
Экспорт пшеницы с начала сельхозсезона составил более 39 млн тонн, что на 49% выше уровня аналогичного периода прошлого года.
Вывоз ячменя достиг 5,6 млн тонн, что в 2 раза выше уровня аналогичного периода прошлого года.
  Читать далее...
Добыча угля в России по итогам года вырастет на 1%

Ria.ru, 13 июня, 2018: Добыча угля в России вырастет по итогам 2018 года примерно на 1%, до 413 миллионов тонн, говорится в документах, подписанных по итогам заседания совета министров союзного государства РФ и Белоруссии.
При этом потребление угля в России ожидается на уровне 192,5 миллионов тонн, в Белоруссии - 630 тысяч тонн, из которых 530 тысяч тонн будут поставлены из России.
Экспорт угля из России ожидается на уровне 192,47 миллиона тонн (плюс 3,3% к уровню прошлого года), также следует из этих материалов.  Читать далее...
Эксперт: Россия увеличит в этом году экспорт мяса на 30 процентов

Sfera.fm, 15 июня, 2018: Россия увеличит экспорт мяса в текущем году на 30%, а импорт этого продукта снизит на 30-40%, считает ведущий аналитик Национальной мясной ассоциации (НМА) Диана Низовцева.
«Падение ввоза трёх видов мяса - свинины, говядины и мяса птицы - в РФ в этом году может достичь 30-40%. Импорт из стран дальнего зарубежья оценивается в 400-500 тысяч тонн. В то же время Белоруссия может ввезти до 300 тысяч тонн», - подсчитала эксперт.
В результате, доля мясного импорта на российском рынке по итогам этого года может составить 7% против 10% в прошлом году.  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 .