No. 216

  USRCC Business Newsletter
USRCC Activities
We are very excited to announce that 2019 marks the USRCC's 10th anniversary!

The 10th Anniversary will be a year-long celebration commemorating the USRCC's 10 years of existence. Join us in celebration at our events and support us in continuing our mission! 

The 2019 events will feature high caliber speakers, bring together the most influential key business leaders, experts and decision makers, and will provide our members and stakeholders with the perfect educational and networking opportunities. The list of 2019 event is available  here.

We are looking forward to another successful year! 

The 10th Annual Welcome Reception Honoring Delegations from 
Russia, Kazakhstan and Azerbaijan
to the Offshore Technology Conference (OTC 2019) 

Join the USRCC to celebrate our  10th Annual OTC Reception - o ne of our largest annual events that is attended by oil and gas industry leaders and government officials from around the world. 

The Offshore Technology Conference  i s the largest oil and gas sector trade show in the world. This conference provides energy professionals the opportunity to meet and exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters.

Tuesday, May 7, 2019,  6:00 pm - 9:00 pm
Hotel ZAZA,  Fountain Room
5701 Main Street,  Houston, TX 77005 

USRCC Members - 
$50 /
Non-Members -  $100
*Please note: Refunds will not be issued 
after May 5, 2019

Silver Sponsors


Bronze Sponsors


Event Partners

For sponsorship opportunities please contact:

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

The USRCC invites Young Professionals 
to join us 

at the

3rd Annual Senior Executive Knowledge Sharing Series


H. Daniel Hogan

General Manager
LUKOIL International Upstream West

Join the USRCC for the engaging discussion and learn how to improve your skills, knowledge and attitude to reach your personal and professional goals a nd advance your career

Mr. Hogan has more than thirty-six years of Operations and Executive experience. His career started in Kingsville, Texas where he spent sixteen years with Exxon Company International in various supervisory roles. 
He then worked two years with ENI/Agip Petroleum as Operations Manager and VP of Well Operations, nine years with Devon Energy Corporation as the International Operations Manager and VP of International Well Engineering, and one year with HRT America as Vice President of Drilling. 

As one of the founding Executives of PanAtlantic Exploration Company, Mr. Hogan originally served as Sr. Vice President - Operations with responsibility for global drilling, completion and production activity, HS&E, contracts / procurement and operations geology.  In March 2016, Mr. Hogan was promoted to Chief Operating Officer in addition to assuming the responsibilities of President and Chief Executive Officer. 

In April 2017, Mr. Hogan became General Manager and CEO of Lukoil International Upstream West in Houston, Texas. He has worked on six of seven continents in countries including Australia, Bolivia, Brazil, Chad, Ghana, Malaysia, Thailand and Trinidad.

Thursday, May 23, 2019
6:00 pm - 8:00 pm

Where: University of Houston-Downtown
Marilyn Davies College of Business 
Room B-119, 1st Floor
320 N. Main Street, Houston, TX 77002
USRCC Members - free | Non-Members -  $20

USRCC Trade Mission June 2019

Trade Mission to Moscow and St. Petersburg Economic Forum
June 2-8, 2019

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 click here or 

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 
Members' News
ExxonMobil makes 13th discovery offshore Guyana

Worldoil.com, April 23, 2019: ExxonMobil said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 Bboe on the Stabroek Block. Yellowtail-1 is the fifth discovery in the Turbot area, which ExxonMobil expects to become a major development hub."Similar to the Liza area, successive discoveries in the Turbot area have continuously grown its shared value," said Mike Cousins, senior V.P. of ExxonMobil Exploration and New Ventures.   Read more...
Shell in talks to buy BP stake in North Sea gas field: sources

Reuters.com, April 24, 2019: Royal Dutch Shell is in talks to buy BP's stake in the Shearwater oil and gas field in the British North Sea for around $250 million, three industry sources told Reuters. Shell, the field's operator, announced plans last year to expand a gas hub around Shearwater, including the construction of a new pipeline. Shell has a 28 percent stake in Shearwater, BP holds 27.5 percent and Exxon Mobil has the remaining 44.5 percent. For BP, a sale would mark a step toward its target of selling $5 to $6 billion of assets following its $10.5 billion purchase of BHP's shale oil and gas portfolio in the United States last year.  Read more...
LUKOIL Produced 100 Million Tons Of Oil At West Qurna-2 Field

Oilandgasonline.com, April 23, 2019: Cumulative production at the West Qurna-2 field has reached 100 million tons of oil as part of successful implementation of Phase 1 of the project. With 184 wells drilled at the field, the average daily production rate is 400,000 barrels. To manage the field's production, LUKOIL uses the intelligent field concept which allows to control and adjust where necessary the production indicators in real-time.  Read more...
The Week in Review
India-Russia to strengthen bilateral trade

Dailypioneer.com, April 25, 2019: In an attempt to fulfill the aspirations of the Indo-Russian business fraternity, the first ever national level participation in the sixth edition of the Irkutsk International Trade Fair, Irkutsk, Russia (August 21 to 24, 2019) is being organised by the India Trade Promotion Organisation (ITPO) at the Irkutsk Exhibition Complex in Russia. The event aims to carry forward the momentum to further strengthen the bilateral trade relations and provide an excellent business platform to the Indian companies in Russia's untapped Balkan region. The event will feature bonhomie of the people of Russia towards Indian products as they have a special place in their hearts. Significantly, the event will be visited by the companies from main cities of Siberia, Russia and India's neighboring countries like China, Mongolia, Kazakhstan, Ukraine, Belorussia and so on.  Read more...
Russia, China Launch Bilateral Yuan Fund - Russian Direct Investment Fund

Sputniknews.com, April 26, 2019: The Russia-China Investment Fund (RCIF), and China's Suiyong Capital and Dazheng Investment Group have launched a Russian-Chinese yuan fund and already started to develop potential projects, the Russian Direct Investment Fund (RDIF) said on Friday in a statement. "The Fund mainly focuses on investment into strategic important projects in Russia and China in equal proportion, setting up itself as the first and most important example of implementing regional cooperation between the two countries (Moscow Region, Far East, and Northeastern China). For Chinese projects, more focus will be put on Belt and Road related projects and other perspective sectors," the statement said.  Read more...
Economic Potential of the Russian Regions to Be Presented in Finland

Tass.com, April 25, 2019: The Russian regions will hold a  road show in Finland(Helsinki, Vantaa, Lahti, and Espoo) on 23-24 May 2019. Participants in the event will have an opportunity to learn about the advanced technologies of Finland in such sectors as waste processing, renewable energy, a closed-loop economy, and smart cities. "Russian-Finnish relations have long-standing historical roots and are a vivid example of successful regional cooperation. Finland is a strategic partner of Russia in the modernization of a number of industries and an important trade and economic counterparty.  Read more...
Iraq and Russia sign 16 agreements in various fields including trade

Iraqinews.com, April 25, 2019: Iraq and Russia signed on Thursday a series of agreements in 16 different fields including trade, and agreed to facilitate investment and trade cooperation. A statement by the office of Iraqi foreign minister Mohamed Ali al-Hakim, quoted by SNG website, said Hakim, along with Russian deputy foreign minister Yuri Borisov, singed in Baghdad the minute of the eighth meeting of the joint committee of both countries.  Read more...
Cuba, Russia Sign Protocol on Atomic Energy

Plenglish.com, April 24, 2019: The Cuban Agency for Nuclear Energy and Advanced Technologies (Aenta) highlighted Wednesday the signing of a protocol of talks between Cuba and Russia to develop nuclear energy for peaceful purposes. The agreement was signed between the First Deputy Minister of the Cuban Ministry of Science, Technology and Environment, Fernando Gonzalez, and the International Business Director of the Russian State Atomic Energy Corporation Rosatom, Boris Arseev.   Read more...
Russia's Rosneft interested in jet fuel supplies on Indian market

Tass.com, April 25, 2019: Russian state-run oil company Rosneft is interested in organizing supplies of jet fuel from the Indian oil refinery in the city of Vadinar to the airports in the country, said the head of Rosneft-Aero, Kirill Molodenkov. Rosneft Aero is a subsidiary of Rosneft, which sells jet fuel produced at 9 Rosneft refineries. "This market (of India) is interesting for us, we consider it promising. Experts estimate the growth of consumption in this market differently, but taking into account the population growth, its mobility, the Indian market could be interesting," he said.  Read more...
PetroNeft eyes Russian field development

Ogj.com, April 24, 2019: PetroNeft Resources PLC, Dublin, said state approval of reserves estimates for Cheremshanskoye oil field in West Siberia allows it to evaluate development options. The estimates follow testing of the C-4 appraisal well on License 67 in the Tomsk region ( OGJ Online, Aug. 29, 2018). Gross explored (C1) and estimated (C2) reserves total 19.26 million bbl in the Upper Jurassic J1 and Lower Jurassic J14 intervals. PetroNeft said the estimates do not reflect full Jurassic potential of the 46-sq-km structure with four-way dip closure in the southern part of the license.  Read more...
Russia's Novatek launches Vysotsk LNG plant, wants to boost capacity

Af.reuters.com, April 24, 2019: Russia's Novatek has officially launched its second liquefied natural gas (LNG) plant as it aims to expand further in the frozen gas trade, the company's Chief Executive Leonid Mikhelson said on Wednesday. Russia, one of the world's top gas producers, aims to be a major player in LNG and to export as much as one of the global leaders in the market, Qatar. So far, Russia has two LNG plants in operation: Gazprom-led Sakhalin-2 on the Far East and Novatek's Yamal LNG, on the Arctic Yamal peninsula.  Read more...
Russian Federation: The business mission of the Thai company visits the Far East

Marketwatch.com, April 24, 2019: In the period from April 23 to April 27, 2019, with the assistance of the Far East Agency for Investment Promotion and Export (ANO API), the business mission of the Thai company Charoen Pokphand Foods, CP Foods in Primorye and Khabarovsk Krai is held general acquaintance with regions, agricultural companies and existing facilities to study the implementation of joint projects. The delegation included President of CP Foods Russia Bury Shrin, Vice President of CP Foods Thailand for business planning Charadsuksavad Virot, Vice President of CP Foods Thailand for poultry farming Fonsuvan Dithadanai, Vice President of CPI Foods Thailand Oa-Amornvanit Pavalit, Advisor to Vice President of CP Foods Thailand for the pig production business of Tretipskul Chanut and others.  Read more...
Aeroflot to expand China-Russia flights

Global.chinadaily.com.cn, April 25, 2019: Aeroflot-Russian Airlines will launch more direct flights between China and Russia as a result of increasing passengers traveling between the two countries. Russia's largest airline, Aeroflot currently operates direct daily flights connecting Moscow and four Chinese cities - Beijing, Shanghai, Guangzhou and Hong Kong. The airline last year transported nearly 1.4 million passengers between Russia and China, a rough growth of 5-7 percent year-on-year, according to the airline.  Read more...
CIS Business News
Tyumen Touring Routes Will Be Adapted for Foreign Travelers

En.admtyumen.ru, April 24, 2019: The Agency for Tourism and Promotion of the Tyumen Region and Olympia-Reisen-Sibir (a large travel company) have concluded a cooperation agreement. "The Tyumen region follows Russian travel trends and its active and agile approach makes it stand out among other regions", - said in his conversation with journalists Victor Dann, Director General of Olympia-Reisen-Sibir. He believes that Russian tourism has developed into a new independent branch of economy. It is confirmed by a decree of President Vladimir Putin, according to which tourism industry is governed by the Ministry of Economic Development of the Russian Federation.  Read more...
CIS Business News
Azerbaijan to attract more Russian tourists

Menafn.com, April 25, 2019: Land of Fire has welcomed more than 610,800 people from 157 countries of the world since the beginning of this year. As usual, tourists from Russia lead among other nationals visiting Azerbaijan. Chairman of the State Agency for Tourism Fuad Nagiyev has noted that last year, more than 670,000 Russian tourists visited Azerbaijan, and in the firstthree months of 2019,theirnumber exceeded 167,000 people. Nagiyev said that in order to attract tourists from Russia to Azerbaijan, it is necessary to carry out active work not only in the center of this country, but also in the regions.  Read more...
Schneider Electric to help develop Uzbek digital economy

Azernews.az, April 23, 2019: Schneider Electric, a global expert in energy management and automation, has announced the opening of an office in Uzbekistan. Now, a representative office of the company will operate in Tashkent, where a project for assembling high-voltage and low-voltage switchboard equipment at the production site of IE Energo System NVA LLC has been implemented jointly with partners. A business conference was timed to the event. Deputy Minister of Economy and Industry of Uzbekistan Botir Usmonov and French Ambassador Violaine de Villemeur shared their vision of the digital development of the country.  Read more...
Plans to launch Belarusian-Russian remote sensing satellite in 2021

Eng.belta.by, April 25, 2019: A Belarusian-Russian satellite is scheduled for launch in 2021, BelTA learned from Chairman of the Presidium of the National Academy of Sciences of Belarus Vladimir Gusakov on 25 April. The official said: "The Belarusian satellite for the remote sensing of Earth has been in orbit for many years now. It has recouped the investments several times over. We are now working with Russian colleagues on a new satellite that will boast a larger resolution capability. We've already finished the conceptual design. We are now working on the list of equipment. Everything proceeds in a routine manner.   Read more...
Mamin discussed coop with Royal Dutch Shell execs

Invest.gov.kz, April 23, 2019: RK Prime Minister Askar Mamin held a meeting with the Royal Dutch Shell executives: Director of International Exploration and Production Andrew Brown, executive vice president of deep-water projects Wael Sawan, executive vice president of joint ventures Gerald Schotman. The parties reviewed a range of bilateral cooperation issues. A. Brown said that the company is interested in further expanding its presence and share in the projects in Kazakhstan. The issues of joint activities for the development of Kashagan and Karachaganak fields, participation in the development of the Kalamkas and Khazar wells in the Zhemchuzhina section were considered.  Read more...
US-Russia Related News in Russian
Новости недели
Литва вдвое увеличила поставки российской электроэнергии

It.sputniknews.ru, 25 апреля, 2019: Литва в 2,1 раза увеличила поставки электроэнергии из России, сообщает  РИА Новости со ссылкой на данные энергетического холдинга "Интер РАО". Всего в первом квартале в балтийскую республику экспортировали 1,7 миллиарда киловатт-часов электроэнергии. Таким образом, Литва оказалась на втором месте, уступив Финляндии, которая увеличила поставки на 41,5 процента - до 2,18 миллиардов киловатт-часов.  Читать далее...
Россия продолжит наращивать производство СПГ

Tvc.ru, 24 апреля, 2019: В России в среду начал отгрузку продукции новый завод по выпуску сжиженного природного газа. Предприятие в городе Высоцке Ленинградской области стало третьим в стране после аналогичных заводов на Сахалине и Ямале, сообщает  "ТВ Центр". По видеосвязи участие в церемонии принял Владимир Путин. Президент выразил благодарность всем, кто внёс свой вклад в создание этого высокотехнологичного комплекса. По команде главы государства руководители предприятия и региона нажали кнопку пуска загрузки топлива на танкер-газовоз.  Читать далее...
Экспорт российских комбайнов вырос всемеро

Vesti.uz, 25 Апреля, 2019: В 7,5 раза - до 1,35 миллиарда рублей - выросли по сравнению с 2017 годом поставки российской сельхозтехники в Узбекистан, сообщает «Росспецмаш». Заводы РФ отправляют в Узбекистан сельхозмашины, строительно-дорожная технику, а кроме того - участвуют в переоборудовании предприятий республики. Свою продукцию россияне - «Ростсельмаш», Петербургский тракторный завод и «Пегас-Агро»-  представили в рамках проходящей в Ташкенте промышленной выставки Expo-Russia Uzbekistan 2019.  Read more...
Минниханов заявил, что Татарстан должен выйти на мировой рынок халяль-экспорта

Business-gazeta.ru, 25 апреля, 2019: Сегодня Татарстан активно работает над расширением экономических связей с исламским миром, и важной составляющей внешних поставок должен стать именно халяль-экспорт. Но для этого нужно получить международную сертификацию, заявил президент РТ Рустам Минниханов, выступая на пленарном заседании XI международного экономического саммита «Россия - исламский мир: KazanSummit 2019». Как  передает пресс-служба казанского Кремля, сейчас, по словам главы РТ, около 50 татарстанских предприятий аккредитовано по производству продукции «Халяль» для внутрироссийского рынка.  Читать далее...

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 the 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 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 .