Sep
  2019
ISSUE
No. 238

  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. 

We are looking forward to another successful year! 

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 

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  Email:  info@usrussiacc.org
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
RNG JSC Started Commercial Operation of a Field in Yakutia

On August 29 an official ceremony was held for commissioning of the Eastern blocks of Srednebotuobinskoye oil and gas condensate field BY RNG. The event was timed to coincide with the First Oil&Gas Forum held in Mirny at that time.
The field is located to the south-east of Yakutia, 130 km away from the capital of this diamond region. Confirmed recoverable reserves at the Eastern blocks are 28 million tons of oil, 14.3 billion m 3 of gas and 168 thousand tons of condensate.
The ceremony was attended by Aisen Nikilayev, Head of Yakutia, members of the Cabinet of Ministers of the Republic, people's deputies, management and employees of RNG JSC, public men and ecologists.   Read more...
Future is bright for UHD's Sciences & Technology Building with gift from Green Mountain Energy Sun Club

Chron.com, September 26, 2019: In August, UHD opened its long-awaited  College of Sciences & Technology Building . The state-of-the-art academic facility will start a new chapter for the institution's efforts in educating future STEM stars. As the University of Houston System's first building built to LEED Gold standards, it is the embodiment of sustainability in practice with energy efficient lighting, its use of recycled materials, and smart design features, including a system that transports air conditioning condensation into a cistern that collects water for urban gardens. Read more...
 
Sulzer GTC Wins Award with SIBUR KSTOVO for Benzene Production Complex Modernization Project in Russia

Businesswore.com, September 17, 2019: Sulzer GTC Technology has signed an agreement with JSC SIBUR-Neftehim (SIBUR) to provide its licensed pyrolysis gasoline (pygas) processing technologies, including design of the fractionation, first and second stage hydrotreating, aromatics extraction and thermal hydrodealkylation technologies for the modernization of a benzene production facility at SIBUR's Kstovo olefins production plant near Nizhniy Novgorod, Russia.  The modernized facility will serve as a hub for processing full range pygas from several SIBUR facilities, allow production of high-purity benzene with the lowest cash cost, and recover non-aromatics to be used as cracker feed.  Read more...
The Week in Review
Russia adds $1.4 billion to its international reserves in one week

Rt.com, September 26, 2019: Russia's international reserves, which include its gold and foreign currency holdings, have risen to $532.6 billion, representing growth of 0.3 percent in one week, recent data released by the country's central bank shows.
Reserves  grew by $1.4 billion from September 13 to September 20, according to the Central Bank of Russia (CBR). The regulator noted that the increase is due to the positive revaluation and purchases of foreign currency within the framework of the budget rules.  The state international reserves represent highly-liquid foreign assets comprising stocks of monetary gold, foreign currencies and Special Drawing Rights (SDR) assets, which are at the disposal of the Central Bank of Russia and the government.   Read more...
Forbes Publishes Latest List of Top Foreign Companies in Russia

Themoscowtimes.com, September 25, 2019: Forbes magazine has  published  its 2018 list of the 50 largest foreign companies in Russia. The top ten includes four retailers, three car manufacturers, two tobacco companies and Pepsi.
Auchan is at the top of the list, as it has been since 2015, with revenues of 327.7 billion rubles ($5.14 billion). Kia Motors, made it into the top ten, jumping to eighth place with revenues of  232.4 billion rubles ($3,64 billion) from eleventh place last year. 
The total revenue of the 50 companies in the Russian market in 2018 has increased by 10.2%  to 6.4 trillion rubles, Forbes   said .   Read more...
Gazprom Neft to invest 1.4 billion EUR in Serbia's NIS by 2025

Neftegaz.ru, September 25, 2019: Gazprom Neft plans to invest 1.4 billion EUR in the development of Serbian oil & gas group  NIS  by 2025, the CEO of NIS, Kirill Tyurdenev said. Gazprom Neft controls 56.15% of NIS, while the Serbian government owns a 29.87% stake.  "Our long-term development strategy assumes a further investment of 2 billion EUR between 2017 and 2025. If we consider the current period remaining until 2025, this is 1.4 billion EUR," Tyurdenev said in an interview to Energy Intelligence posted on the corporate website.
This year NIS will complete the construction of the deep processing complex with delayed coking technology. This is the largest investment project of the 2nd stage Pancevo refinery modernization and one of the largest investments in the  country 's economy in recent years: the project costs exceed €300 million. Read more...
 
Vietnam-Russia Bilateral Ties Deepen, Boost Investment

Vietnam-briefing.com, September 24, 2019: Russia was one of the first countries to establish diplomatic relations with Vietnam, laying the groundwork for a strong bilateral and economic relationship between the countries. Vietnam and Russia set up a strategic partnership back in 2001 and elevated this relationship to a comprehensive strategic partnership in 2012 paving the way for increasing economic ties.
The  Vietnam-Eurasian Economic Union Free Trade Agreement (EAEU) which took effect in October 2016 lifted trade and economic ties to a new level. Last year, the trade turnover between the two countries increased by 28.6 percent year-on-year while exports from Russia to Vietnam more than doubled.   Read more...
NOVATEK, Mitsui O.S.K. Lines and JBIC Signed Cooperation Agreement

Neftegaz.RU, September 26, 2019: Today, NOVATEK,   Mitsui O.S.K. Lines, and Japan Bank for International Cooperation (JBIC) signed a Cooperation Agreement confirming the parties' intentions to implement projects for the construction of a marine LNG transshipment complexes in the territory of  Kamchatka and Murmansk region, including possible acquisition of participation interest in Projects and potential financing of Projects.  "We have already started successful cooperation with Japanese companies in large LNG projects, including Yamal LNG and Arctic LNG 2, and, accordingly, we see great potential in expanding further this mutually beneficial cooperation," said Leonid Mikhelson,  NOVATEK 's Chairman of the Management Board.  Read more...
Russian, Hungarian top diplomats agree to speed up work on bilateral agreements

Tass.com, September 25, 2019: Russian Foreign Minister Sergey Lavrov and his Hungarian colleague Peter Szijjarto have agreed to speed up the work on bilateral agreements in the trade-economic sphere during a meeting on the sidelines of the 74th session of the UN General Assembly on Wednesday, the Russian Foreign Ministry informed.  "Both countries' foreign ministers have discussed the schedule of political contacts for the immediate future, the prospects for enhancing trade-economic cooperation between Russia and Hungary, namely in the sphere of energy, industrial cooperation, social security. The sides have agreed to make an additional impetus to the work on bilateral agreements in these and other spheres," the ministry noted.   Read more...
Russia's all-Superjet 100 operator eyes the Airbus A220-300

Rusaviainsider.com, September 26, 2019: Azimuth Airlines, the only airline in the world whose fleet comprises exclusively of Russian-made Superjet 100 regional aircraft, is harbouring plans to operate larger aircraft, such as the Airbus A220 (formerly the Bombardier CSeries). This follows from the vacancies posted by the Russian regional carrier on a recruitment portal.
Azimuth's passenger load factor reached 85% in January-July period, an increase of 1.3 percentage points over the same period last year, according to the Federal Air Transport Agency Rosaviatsiya data.   Read more...
Houston-Tyumen Sister Cities
Dry Water: an Innovative Present for Consul General of the Federal Republic of Germany, Matthias Kruse

En.admtyumen.ru, September 23, 2019: On September 18-20, 2019, Consul General of the Federal Republic of Germany, Matthias Kruse, visited the Tyumen region.  On the first day of his visit, Matthias Kruse met Alexander Moor, the Governor of the Tyumen region. They discussed joint projects in economy, science, education, and culture. The Consul General asked how the region solves the waste treatment issues and, having received the Governor's comments on the current situation, suggested to hold a joint session with German experts in order to share experience.  Stressing the importance of the Tyumen Oil and Gas Forum as a place of Synergy of science and business of Russian and international oil and gas industry, Matthias Kruse assured the Governor that he would notify and invite German companies to the 2020 Forum.   Read more...
CIS Business News
SOCAR launches new investment projects to increase STAR's storage capacity

Azernews.az, September 25, 2019: SOCAR is implementing new investment projects to increase the storage capacity of the Star Refinery, which is able to process 10 million tons of crude oil per year.  Thus, SOCAR Storage Terminal Tank Expansion Project has been completed and commissioned at the SOCAR Storage Terminal, and the foundation of STAR Refinery Crude Oil and Oil Product Tanks Project was laid in the Aliaga region of Izmir, on September 25.  Rovnag Abdullayev, President of SOCAR, and Zaur Gahramanov, CEO of SOCAR Turkey Energy, and others attended the ceremony dedicated to commissioning new tanks at the SOCAR Storage Terminal and laying the foundation of new tanks at the STAR refinery.    Read more...
Kazakhstan considers $1 bln gas plant with Kashagan partners

Business.financialpost.com, September 26, 2019: Kazakhstan and a consortium of oil majors developing the giant Kashagan oil and gas field are considering building a $1 billion gas processing plant nearby, Kazakh Deputy Energy Minister Murat Zhurebekov told Reuters on Thursday.  The Central Asian nation has given up the idea of building a similar plant near another large field, Karachaganak, he said.  Zhurebekov said Kazakhstan had not decided how to finance the project, which would have a capacity of 1 billion cubic meters per year using gas from Kashagan, which plans to ramp up its output over the coming years.   Read more...
Belarus, Germany intent on long-term relations

Eng.belta.by, September 26, 2019: Belarus and Germany are intent on long-term relations, BelTA learned from Ambassador Extraordinary and Plenipotentiary of Germany to Belarus Manfred Huterer on the sidelines of the 10th Day of German Economy in Belarus on 26 September. 
The ambassador said: "Relations between our countries are stable and oriented towards longevity. German companies come to work in Belarus not for the sake of making fast money and leaving. They come here to stay. It is part of the German trade and economic policy."
The ambassador added that Belarus is an excellent economic partner for Germany. He remarked that progress in advancing relations between Belarus and Germany can be secured only through efforts of the two sides.   Reed more...
US-Russia Related News in Russian
Новости недели
В Китае достроили компрессорную станцию для приема газа "Силы Сибири"

Ria. ru, 27 сентября 2019: Китай завершил строительство пограничной компрессорной станции N0 для приема газа с российского газопровода "Сила Сибири".  Поставки "голубого топлива" по газопроводу "Сила Сибири" в КНР стартуют 1 декабря. По нему в КНР будет экспортироваться 38 миллиардов кубометров природного газа в течение 30 лет.  Общая протяженность китайского участка газотранспортной ветки составит 3371 километр, она берет свое начало в Хэйхэ и заканчивается в Шанхае. Строительство китайского участка газопровода началось в июне 2015 года, его полное введение в эксплуатацию запланировано на 2024 год . Читать далее...
В Ставропольском крае заявили о росте промышленного производства рыбы

Russian.rt.com, 26 Сентября 2019Если в 2013 году рыбохозяйства и фермеры производили 8,9 тыс. тонн в год, то в 2019-м намерены вырастить не меньше 10,5 тыс.  Как  заявили  в краевом Министерстве сельского хозяйства, для предприятий и бизнесменов, занимающихся разведением рыбы, предусмотрена господдержка.  «Рыбоводство является одним из приоритетных направлений в рамках нового вида поддержки из федерального бюджета «Агростартап», - заявил глава ведомства Владимир Ситников.  На данный момент в регионе промышленным разведением рыбы занимаются 75 предприятий, более 40 фермерских хозяйств и около 150 предпринимателей.   Читать далее...
«Россети» обеспечили жителей удаленных сел Приморья бесперебойным электричеством

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The USRCC is looking for new team members!

Volunteers
 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
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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 .