No. 231

  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 Partner Event

The National Oil-equipment Manufacturers and Delegates Society 

NOMADS invites you to the August Dinner Meeting

When: August 13, 2019, 5:30 pm
Where: The HESS Club 
5430 Westheimer Road Houston, TX 77056 
Non-Nomads Member Cost: $38.00

Registration is available on our website,

This meeting will include buffet style dinner and will be awarding the NOMADS Annual Scholarship(s) and a guest speaker will feature United States Congressman Dan Crenshaw. 

Seating is by pre-registration only. If you plan to attend, we urge you to sign-up as soon as possible. Attendance is by registration only. 

More information is available here.

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:

The Summit will be held at the George R. Brown Convention Center, Houston TX
August 21-22, 2019.

Stop by the USRCC booth #2139!

The U.S. - Russia Chamber of Commerce  invites you to attend 
Summer Business Networking Event!

When:  Thursday, August 29, 2019, 6:00 PM - 8:00 PM 
Where:  The West End - A Public House
  5320 Westheimer Rd, Houston, TX 77056             


USRCC Members - free/Non-members - $10
Complimentary appetizers will be provided. Happy Hour prices will be available!
USRCC Partner Event

The Gastech Exhibition is the world's largest marketplace for the gas, LNG and energy industry supply chain. With more features and opportunities than ever before, and where millions of contracts are signed - be part of the Gastech Exhibition to secure new business, service your existing clients and engage in industry dialogue.

When: 17 - 19 September 2019
Where:  1 NRG Park, Houston, TX 77054, USA

For more information and registration please visit


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

The 9th Annual Welcome Reception
Honoring Russian and CIS Delegations to the 
Breakbulk Americas 2019

Please join the U.S.-Russia Chamber of Commerce in welcoming Russian and CIS delegations to the  9th 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.

When: Wednesday, October 9, 2019 
6:00 PM - 8:00 PM 
Where: Four Seasons Hotel, Whitney Room 
* 1300 Lamar Street,  Houston, TX 77010

USRCC Members - $30 / Non-Members  -   $60
Please note: Refunds will not be issued after October 5, 2019

Silver Sponsor 

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:
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
Shell considers solar panels to power Singapore refinery site, August 5, 2019: Royal Dutch Shell ( RDSa.L) is considering to install solar panels to power its Bukom refining site in Singapore, a company spokeswoman told Reuters on Tuesday. "We are exploring the potential of installing solar panels at our Pulau Bukom Manufacturing Site," she said, without providing further details. The Bukom manufacturing site includes a 500,000 barrels-per-day refinery, which is Shell's largest wholly owned refinery. The oil and gas company has been exploring solar installations for its other sites in Singapore as part of its plans to improve energy efficiency and reduce carbon footprint.  Read more...
Gazprom Neft increases net profit by 29% in H1 2019, August 8, 2019: Gazprom Neft today announces its consolidated IFRS financial results for the first six months (H1) and second quarter (Q2) of 2019. Gazprom Neft's revenue in the first six months of 2019 totalled RUB1.215 trillion, an increase of 6.8% year-on-year, with higher production growth at major projects (the Novoportovskoye and Vostochno-Messoyakhskoye fields), a more favourable pricing environment, and effective management initiatives delivering adjusted EBITDA growth of 10.8% year-on-year, at RUB408.1 billion. Net profit attributable to Gazprom Neft PJSC shareholders totalled RUB215 billion, a 29.2% increase year-on-year. Higher operating cash flow resulted in a positive free cash flow of RUB125.2 billion in H1 2019.  Read more...
Turkish Airlines To Place 787 Dreamliner On New York Route, August 7, 2019: Following the news that Turkish Airlines  upgraded their Singapore to Istanbul route with a new Boeing 787 Dreamliner, they are now also deploying the new aircraft to their direct route to the big apple, New York! From the 10th of August in 2020,  Turkish Airlines plans to adjust its popular Istanbul International to New York JFK route. Specifically, the previously A330-300 operated TK003/004 service will now be operated by the very much lauded Turkish Airlines Boeing 787-9 Dreamliner.  Read more...
The Week in Review
Italy's Saipem joins Arctic LNG 2 construction, August 5, 2019: Italian oil and gas industry contractor Saipem announced Friday it will join the joint venture constructing the Arctic LNG 2 project, Kallanish Energy learns. The project involves construction of three liquefied natural gas trains, each with a capacity totaling 6.6 million tons per annum (Mtpa), using Siberian gas. Saipem entered an agreement with contractors Technip France SA and NIPIgaspererabotka, whereby its share in the project will be $2.4 billion, out of the total $7.6 billion contract value.  Read more...
Mechel agrees coking coal supply to Jiangsu Sha, August 8, 2019: Russian coal miner and steelmaker Mechel continues to expand its Asia Pacific coal sales with the signing of a long-term coking coal supply agreement with China's Jiangsu Sha Steel, the miner tells Kallanish. The contract is for the supply of 720,000 tonnes of premium-grade coking coal produced by Mechel's Yakutugol coal mining and processing arm from September 2019 to August 2020. The coal will be shipped from Mechel's Port Posiet in Russia's Far East and the buyer may additionally purchase Mechel's thermal coal if needed, Mechel says.  Read more...
Russia wheat gets another market as Saudi eases import rules, August 8, 2019: Russian wheat may be about to crack yet another market. Saudi Arabia's grains agency will relax rules for bug damage in wheat imports starting with its next tender, according to Governor Ahmad Al-Fares. That will allow more nations, including Black Sea suppliers, to participate, he said. The move opens the door for Russia, the biggest wheat shipper, to break into the Saudi market after more than a year of talks. It could be bad news for European Union nations such as Germany, which currently dominate sales to the kingdom. Saudi Arabia was the second-largest buyer of EU wheat last season, trade data show. "It's a breakthrough," said Dmitry Rylko, director general at the Institute for Agricultural Market Studies, or IKAR, in Moscow. "We may achieve serious success."  Read more...
Russia to create conditions to increase exports of drugs in coming years, August 6, 2019: The Russian government plans to accelerate its efforts aimed at raising exports of domestic drugs and active ingredients by 2030, reports The Pharma Letter's local correspondent. According to latest data from the Russian Ministry of Industry and Trade, the annual value of drug exports that are manufactured in Russia is estimated at $700 million. However, according to state plans, this figure should increase five-fold to $3 billion by 2030.  Read more...
Russia to Build Two More Nuclear Icebreakers, August 7, 2019: Russia has said it will build two new nuclear icebreakers in a bid to make a rapidly melting trade route through the Arctic accessible to shipping traffic on a year round basis. The announcement came on July 10 when Atomflot, which runs Russia's nuclear icebreaker fleet, posted an official tender for two new nuclear vessels for a total price of $147 billion. The new orders represent an addition to three nuclear icebreakers that Russia already has under construction, called the Arktika, the Sibir and Ural, all of which are expected to enter service by 2022. The two new icebreakers now under tender, which will be an extension of that line, are to launch by 2024 and 2026 respectively.  Read more...
Russia-Zimbabwe Commission To Address Ties In Mining, Agriculture - Foreign Minister, August 7, 2019: The second meeting of the Russia-Zimbabwe intergovernmental commission, which is taking place in  Moscow on Wednesday, will focus on implementing existing agreements and expanding cooperation between the two countries in mining,  agriculture, tourism and other sectors, Sibusiso  MoyoZimbabwe's minister of foreign affairs and international trade, told Sputnik. "The preoccupation of the current intergovernmental commission is primarily to ensure that we implement  all the agreements, which were signed before, during the first intergovernmental commission. Secondly, we are looking at further concretizing cooperation in different areas ranging  from mining, the agricultural sector, the tourism sector,"  Moyo said.  Read more...
India and Russia to sign MoU, August 7, 2019: As part of the strategic relations between India and Russia, Goa and the Kamchatka Kray region of Russia are all prepared to sign a memorandum of understanding (MoU) in trade, economic investment, scientific and technical cooperation, and tourism fields. "The parties intend to deepen mutual beneficial cooperation, says the draft copy of the MoU, which has been approved by the state cabinet. The MoU will agree for an exchange of information on the investment climate and business conditions, along with assisting in the execution of joint projects in priority areas.  Read more...
Business programme of the Eastern Economic Forum 2019 Has Been Published, August 7, 2019: The business programme of the Eastern Economic Forum with the key themes and annotations for main sessions has been published on the official website. The Forum will take place in Vladivostok on 4-6 September. As of now, the EEF business programme consists of around 50 business events, including panel discussions, roundtables and business dialogues. "The business programme of the 5th Eastern Economic Forum reflects principal trends of the global economic development. The agenda of the anniversary Forum includes relevant discussions on key economic, technological and social issues. I am sure that participation of leading experts and diverse formats will allow to work out new solutions for strengthening international cooperation in the Asia-Pacific region and will facilitate further socio-economic development of the Russian Far East," noted Anton Kobyakov, Adviser to the President of the Russian Federation, Executive Secretary of the Organizing Committee of the Eastern Economic Forum.  Read more...
Houston-Tyumen Sister Cities
Russia's Tyumen entrepreneurs eye to establish partnership in Azerbaijan, August 6, 2019: Businessmen from Russia's Tyumen city, who will be in Baku from August 11-16, intend to establish ties with potential partners from Azerbaijan,Trendreports referring to Russian media outlets. The visit is organized by Export Support Center of the Tyumen region and will include business meetings and negotiations. Businessmen also are expected to visit the enterprises of importers in Baku. According to the Chamber of Commerce and Industry of the Tyumen Region, representatives of companies such as Tyumen-Pribor LLC, Tyumen Machine-Building Plant (production of driven clutch disks for domestic and foreign freight and passenger vehicles), Zhizn company (peat and sapropel production) and SIBNA company (the latest technologies in the field of commercial accounting of energy resources) will participate in the negotiations.  Read more...
CIS Business News
EAEU, Singapore may sign free trade agreement on 1 October, August 9, 2019: A free trade agreement between Singapore and the Eurasian Economic Union (EAEU) may be signed during a session of the Supreme Eurasian Economic Council in Yerevan on 1 October, Armenian Prime Minister Nikol Pashinyan said as he took part in a meeting of the Eurasian Intergovernmental Council on 9 August, BelTA has learned. "The Singaporean prime minister confirmed that if the negotiation process is completed and the draft agreement is harmonized on time, he will come to attend a session of the Supreme Eurasian Intergovernmental Council in Yerevan and sign the [free trade] agreement," Nikol Pashinyan said.  Read more...
SOCAR Polymer to boost non-oil exports, August 7, 2019: Azerbaijan already reaps the huge benefits of the strategy of diversification of the country's economy. The non-oil sector is part and parcel of this strategy, and positive indicators of the enterprises involved in this sector evidence the success of the pursued policy. SOCAR Polymer, which is a project of international standing, is the first of its kind and scale in the petrochemical industry to be implemented in Azerbaijan over the past 40 years. Ibrahim Ahmadov, Deputy Head of the Public Relations Department at SOCAR, has recently told Trend that over the first half of the year, SOCAR Polymer exported approximately 52 tons of polypropylene and polyethylene.  Read more...
Turkey, Tajikistan agree to boost trade volume, August 7, 2019: Turkey and  Tajikistan have agreed to boost their  trade, by setting a target to increase  tradevolume to $1 billion, from the existing $380 million, over next few years, Turkish Minister for Industry and Technology Mustafa Varank said on Aug 6. "The progress in economic relations between  Turkey and  Tajikistan will be beneficial for all the Central Asian countries," he said. Participating in the 10th  Turkey- Tajikistan Joint Economic Commission (JEC) meeting held in Ankara, the minister informed that both countries had reached to a  trade volume of $380 million last year. But he added, that it was falling short of the potential.  Read more...
US-Russia Related News in Russian
Новости недели
Россия и Индия развивают сотрудничество в области экспорта трубопроводной арматуры и другой продукции, 7 августа, 2019: В Архангельске состоялась деловая встреча предпринимателей Поморья с вице-консулом Индии в Санкт-Петербурге Радживом Ранджаном. В рамках мероприятия стороны обсудили развитие сотрудничества в области экспорта трубопроводной арматуры и другой продукции. Отметим, Индия сегодня считается основным внешнеэкономическим партнером Архангельской области. По данным ФТС России, в прошлом году объем поставок продукции из Поморья на рынок Индии увеличился в двенадцать раз и в ценовом выражении достиг 232 миллионов долларов США. Большей частью экспорта является продукция северодвинских предприятий ВПК. Из региона также осуществляется поставка трубопроводной арматуры, электрических трансформаторов, компасов, целлюлозы.  Читать далее...
Россия нарастила экспорт сладостей на 14% с начала года, 4 августа, 2019: Российские кондитерские предприятия в январе - июле текущего года увеличили экспорт продукции за рубеж на 14% по сравнению с аналогичными показателями 2018-го. Объём поставок составил $563 млн (без учёта сотрудничества с ЕАЭС). По мнению замглавы Минсельхоза РФ Оксаны Лут, отечественная отрасль развивается хорошими темпами и является одним из драйверов роста экономики в сфере торговли продовольствием, пишет « Интерфакс ».  Читать далее...
Минниханов посетит Каспийский форум в Туркменистане, 8 августа, 2019: Президент РТ Рустам Минниханов 12 августа посетит Каспийский экономический форум в Туркменистане. Глава региона посетит крупнейший нефтеперерабатывающий завод, чтобы посмотреть уровень развития предприятия, и обсудит экономические взаимоотношения со страной, сообщает пресс-служба президента. Мероприятие будет проходить в зоне «Аваза» на побережье Каспийского моря.  Читать далее...
В Мьянме ввели «тестовый» облегченный режим для российских туристов, 9 августа, 2019: Решение о введении с 1 октября тестового режима выдачи туристических виз по прибытии для граждан Российской Федерации приняло правительство республики Мьянма. Решение касается тех туристов, кто прибывает в страну через международные аэропорты городов Нейпьидо, Янгон и Мандалай. Как сообщается на сайте Ростуризма, в этой связи создан следующий перечень условий получения визы по прибытии для граждан России:  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   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 .