No. 225

  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! 

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 21-22, 2019.

Stop by the USRCC booth #2139!
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
Exxon Mobil invests in Global Thermostat carbon capture technology

Chron.com, June 27, 2019: Exxon Mobil said Thursday it's investing in a new carbon-capture technology firm that aims to economically suck emissions out of the sky near power plants and other large industrial sources.  Exxon said it has a new joint development agreement to advance the technology with New York-based Global Thermostat, which already has a pilot plant in Alabama that uses giant fans to suck the carbon dioxide out of the sky.  Read more...
Gazprom develops gas corridor in Russia to feed Nord Stream-2

Neweurope.eu, June 25, 2019: Russian gas monopoly Gazprom said the company is developing the northern gas transmission corridor in Russian territory, which will feed gas into Nord Stream-2 pipeline.  Nord Stream-2 is the construction project for a gas pipeline with the annual capacity of 55 billion cubic metres from Russia to Germany across the Baltic Sea. Among other things, compressor shops are under construction at the Bovanenkovo - Ukhta 2 and Ukhta - Torzhok 2 gas pipelines. As part of the project for creating gas transmission capacities between Gryazovets and the Slavyanskaya compressor station (CS) in northwestern Russia, 858 kilometres of pipes have been welded within the 876-kilometre linear part, which is planned to go into operation this year, Gazprom said, adding that works at the Slavyanskaya CS are in their final stage.  Read more...
The Week in Review
Breaking the ice: First LNG cargo from Russia's Arctic arrives in Japan

Rt.com, June 26, 2019: Russian energy giant Novatek has announced the first delivery of its liquefied natural gas (LNG) from the Yamal project in the Arctic to Japan. It was unloaded at the Tobata LNG Terminal in accordance with the delivery schedule. The shipment was carried out in accordance with the long-term agreement with France's Total. "Japan is an important LNG market and one of the priority destinations in our LNG marketing strategy,"   said Novatek's chairman of the management board Leonid Mikhelson.  Read more...
Novatek's Arctic LNG 2 Eyeing Asia Pacific for Final Customer

Naturalgasintel.com, June 26, 2019: Russia's largest independent gas producer Novatek said Wednesday its final partner in the massive Arctic LNG 2 project will likely be an Asia-Pacific customer, with a deal possibly completed in days. "It will be most likely (from) Asia," Novatek CFO Mark Gyetvay said on the sidelines of the 11th Asia Pacific Summit in Singapore. "The Asia Pacific market or customers in (the) Asia Pacific market have been interested in our project." He said an agreement with a fourth and final partner is expected to be signed by the end of the month, with each project holder taking liquefied natural gas (LNG) supply as a share of equity.  Read more...
Small Northern Russian Town Lands Key Role in Big Arctic Plan

Themoscowtimes.com, June 27, 2019: Russian Prime Minister Dmitry Medvedev signed a decree that will turn the remote Arctic settlement into a hub for shipments on the Northern Sea Route.  Approximately 550 people living in an outpost on Russia's Kara Sea coast could soon face big changes after the federal government earlier this month decided to give the local seaport international status. Behind the decision lies a plan to boost shipments on the Northern Sea Route, the government  said. Foreign vessels will now be allowed to sail into local ports to load and unload goods. Dikson is located on the northwestern coast of the Taymyr Peninsula, near the major Taybass coal deposits owned by the Vostok Coal company.  Read more...
China, Russia and Mongolia meet to reinforce trilateral tourism ties

Telegraph.co.uk, June 27, 2019: With the aim of deepening trilateral co-operation in the tourism sector, the Fourth Tourism Ministerial Conference of  China, Russia and Mongolia was held on 23 June in Ulaanqab, a city in the  Inner Mongolia autonomous region. Attending the event were Luo Shugang, China's minister of culture and tourism; Alexey Konyushkov, deputy head of the Federal Agency for Tourism of the Russian Federation; and Ts. Tsengel, state secretary at the Ministry of Nature, Environment and Tourism of Mongolia. They were joined by hundreds of representatives from the tourism, culture, academic and media sectors from the three countries.  Read more...
Russia's Rosatom sees foreign revenues, new products fuelling rapid growth

Reuters.com, June 24, 2019: Russian state nuclear company Rosatom aims to triple its revenue in U.S. dollar terms by 2030, driven by foreign projects from Belarus to Bangladesh and new product areas such as carbon fiber, its chief executive told Reuters. Rosatom is the world's only integrated nuclear firm, providing a one stop shop from uranium enrichment to handling nuclear waste, after its two biggest rivals Areva and Westinghouse hit financial troubles. Alexey Likhachyov, 58, has led Rosatom since 2016, with goals to increase competitiveness, add new markets and products, and boost its share of global nuclear technology exports.  Read more...
Roscongress, Afreximbank and REC sign agreement to promote trade

Independent.co.ug, June 26, 2019: Mosco- As part of the Russia-Africa Economic Conference in Moscow, Russia, the Roscongress Foundation, African Export-Import Bank (Afreximbank), and the Russian Export Center (REC) on June.21 signed an agreement to cooperate on establishing effective communication between expert communities and business circles in the Russian Federation and African countries. The document was signed by REC Chief Executive Officer Andrey Slepnev, President and Chairman of the Board of Directors of the African Export-Import Bank Benedict Okey Oramah, and Chairman and CEO of the Roscongress Foundation Alexander Stuglev.  Read more...
Russia wheat crop seen at 81.7 mln T, weather stress limited -Agritel

Agriculture.com, June 26, 2019: Wheat production in Russia, the world's largest exporter of the cereal, is expected to be 81.7 million tonnes this year, up 13% compared with 2018, as hot, dry conditions this month have had a limited impact on yields, French consultancy Agritel said. The forecast, following a field tour in southern Russia on June 10-14, was above Agritel's initial Russian wheat harvest estimate of 79.2 million tonnes published in April. "Despite the hot and dry weather that settled in June, we believe that this phenomenon should not have a significant impact on the final yield since wheat already reached the ripening stage," Agritel said in a note on Wednesday. Some analysts have trimmed their expectations for Russia's wheat harvest in light of the recent hot, dry spell.  Read more...
Major regional fisheries management organizations to take part in the Global Fishery Forum

Tass.com, June 27, 2019: Representatives of major international fisheries management organizations will take part in the III Global Fishery Forum in St. Petersburg, including the North East Atlantic Fisheries Commission (NEAFC), the International Council for the Exploration of the Sea (ICES), the North Pacific Anadromous Fish Commission (NPAFC), the Food and Agriculture Organization of the United Nations (FAO), and the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR).  Read more...
Russia Allows World's First Floating Nuclear Power Plant to Start Work - Rosatom

Sputniknews.com, June 27, 2019: A Russian government watchdog has allowed the world's first floating nuclear power plant (NPP), Akademik Lomonosov, to start work, Rosatom nuclear energy corporation said. "Rosenergoatom [Rosatom's electric power division] has been authorized to use the nuclear facility of floating nuclear power plant Akademik Lomonosov for 10 years, until 2029", Rosatom's subsidiary said in a press release. The unit is equipped with two KLT-40S reactor units, each capable of generating 35 megawatt of power, which is enough to provide electricity to a town with a population of up to 100,000 people.  Read more...
Houston - Tyumen Sister Cities
Tyumen University, Baker Hughes to develop new technologies

Tass.com, June 23, 2019: University of Tyumen and Baker Hughes, one of the world's largest oil field services companies, will carry out joint scientific and technical research to develop new technologies. Tyumen University head Valery Falkov and Ivan Glebov, chief of Baker Hughes drilling fuels department, have signed a corresponding agreement, the university's press service reported on Monday. "The agreement envisages joint research and development work aimed at creating new technologies," the press service said. The sides agreed that in the fall of 2019 students will be selected to serve as interns in the fields of drilling services, drilling fluids and artificial oil lifting.  Read more...
CIS Business News
Azerbaijani State Oil Fund's profit exceeded forecast amount by 15 percent in 2018

En.trend.az, June 27, 2019: The total income of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) reached 17.614 billion manats, which exceeded the forecast amount (15.310 billion manats) by 15 percent ,  Trend reports referring to the report of the Chamber of Accounts following the execution of SOFAZ's budget-2018. SOFAZ's expenses for 2018 reached more than 11.46 billion manats, which is less than the forecast amount (11.480 billion manats) by 0.2 percent. As a result, by the end of the year, the budget had a surplus of more than 6.158 billion manats and funds in the amount of more than $3.6 billion were transferred for accumulation.  Read more...
Gold production in Tajikistan increases significantly

Azernews.az, June 27, 2019: The Ministry of Industry and New Technologies of Tajikistan has reported a significant increase in the production of precious metals in the country since the beginning of 2019. According to the source, the gold production in January-May this year increased by 60.8 percent compared to the same period of 2018. At the same time, silver production increased by 37.6 percent. However, the ministry and other relevant agencies of Tajikistan do not provide data on the production of precious metals, saying that such information is secret.  Read more...
Uzbekistan starts air freight fruit exports to Oman

Freshplaza.com, June 27, 2019: At the Uzbek Embassy in Muscat, this week saw an exhibition/presentation, dedicated to the launch of a pilot project for the supply of Uzbek fruits to Oman. Earlier, the embassy -together with the Oman Global Logistics Group ASYAD - organized the first test supply of Uzbek fruits to the capital city Muscat. To date, about 200 kg have been shipped to Oman by air. The exhibition, co-organized by the embassy in cooperation with ASYAD, was also attended by the Bahraini Ambassador Juma al-Qabi, a delegation of the Bahrain Chamber of Commerce, representatives of the Embassies of the United Arab Emirates, Qatar, Atyab Foodtech, Al-Hosn, Al-Hamdani and a number of major Omani distributors and trading companies.  Read more...
Belarusian BelAZ ships four haul trucks to Russia

Eng.belta.by, June 27, 2019: BelAZ-75581 haul trucks with the carrying capacity of 90 tonnes have been added to the rolling fleet of the Bystrinsky mining and processing factory, representatives of the Belarusian automobile engineering company BelAZ told BelTA. The new vehicles will get down to work in late July. Four haul trucks are supposed to carry over 600,000m3 of mined rock by the end of the year. BelAZ representatives noted that it is the second shipment of BelAZ-75581 haul trucks to the Bystrinsky mining and processing factory. The first lot of ten trucks was delivered in 2017. The Russian company thinks highly of the effectiveness of the Belarusian vehicles.  Read more...
US-Russia Related News in Russian
Новости недели
Россия увеличила выручку от экспорта газа 

Regnum.ru, 25 июня, 2019: В первом квартале 2019 года Россия смогла увеличить объём выручки от экспорта газа за границу. Соответствующие данные содержатся в отчётах Центрального банка (ЦБ) России. Так, за первые три месяца 2019 года объём экспортированного за границу природного газа составил 61,5 миллиардов кубометров. В количественном выражении по сравнению с первым кварталом 2018 года объёмы сократились на 300 млн кубометров. В то же время стоимость проданного газа составила более 14 млрд долларов США, в то время как годом ранее этот показатель составлял всего 12,7 млрд долларов.  Читать далее...
Samsung может построить для "Арктик СПГ-2" до 20 газовозов

Sudostroenie.info, 27 июня, 2019: Samsung Heavy Industries Co., скорее всего, станет первой судостроительной компанией в Южной Корее, которая получит заказы на постройку газовозов СПГ во второй половине 2019 года. Об этом сообщает Yonhap. Предположительно, компания станет партнером ПАО "Новатэк" в области строительства судов для нового проекта "Арктик СПГ-2". Samsung Heavy будет строить газовозы СПГ совместно с дальневосточным заводом "Звезда".  Читать далее...
Россия и Германия обсудили инициативы по проведению деловых мероприятий

Rg.ru, 27 июня, 2019: В Москве состоялась встреча советника Президента Российской Федерации Антона Кобякова и председателя Мангольд Консалтинг Клауса Мангольда. На встрече обсудили итоги участия делегации Германии на Петербургском международном экономическом форуме, а также инициативы проведения деловых мероприятий в Германии.  Читать далее...
Татарстан занял первое место по развитию малого бизнеса в ПФО

Russian.rt.com, 24 июня, 2019: Татарстан занял первое место в Приволжском федеральном округе по развитию малого и среднего бизнеса (МСП), сообщает «Реальное время» со ссылкой на пресс-службу республиканского Министерства экономики. Регион  лидирует по основным показателям развития МСП. По предварительной информации, с учётом дополнительного финансирования Татарстан занимает первое место по объёму привлечённых средств из федерального бюджета по соответствующему национальному проекту.  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 center 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 .