No. 245

  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! 
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Members' News
Review: Turkish Airlines Lounge Miami Airport, November 12, 2019: Last week Turkish Airlines   opened a lounge in Miami , making it only their fifth lounge outside of Turkey (complementing their lounges in  Bangkok , Moscow,  Nairobi , and  Washington ). This is exciting because it's a Priority Pass lounge, making it the only traditional Priority Pass lounge location in American's terminal. The Turkish Lounge Miami is located in Concourse E, which is in the North/Central Terminal. Concourses D & E are connected airside, meaning that this lounge is accessible by everyone flying American, as well as those flying on select Oneworld partner. Read more...
Lukoil commissions phase three facilities at Filanovsky field

The Week in Review
The Russian Stock Market is the Best Performer in the World in 2019, November 13, 2019 Investors in the MSCI Russia Index have booked a 44% profit since the start of the year.
he Russian stock market has delivered the biggest returns to investors anywhere in the world in 2019.  Since the start of the year, the MSCI Russia  Index , a tracker which follows the 23 largest Russian publicly-listed companies has soared by 44%, Sberbank analyst Cole Akeson told Russian news site  RBC Over the same period, the MSCI Emerging Markets Index, which includes Russian stocks and companies listed in 23 other developing economies such as China, Brazil, Mexico and India has delivered returns of 12%.   Read more...
Indian Oil in talks with Rosneft to import Russian oil, November 13, 2019 Indian Oil Corp, the country's top refiner, is in talks with oil major Rosneft to explore possibility of importing Russian oil, its chairman Sanjiv Singh said on Tuesday.   "We have taken very small quantities from Russia in the past which cant be considered significant so we are trying to explore if we can increase the Russian crude volume coming to India...We are in discussion with Rosneft and we are hopeful that something should work," Singh told reporters at an energy conference.   Oil minister Dharmendra Pradhan said late on Monday that India is open to importing oil from Russia Read more...  

Russia & China to launch joint venture for constructing metros worldwide, November 13, 2019Russian engineering company Mosinzhproekt and the China Railway Construction Corporation (CRCC) plan to set up a joint venture for the construction of subways around the world, said Moscow Deputy Mayor Marat Khusnullin.
He said that several agreements have already been sealed with Chinese partners, particularly on the implementation of a joint project on transfer hubs and the exchange of information technology.  Read more...
Russia's Arctic oil reserves estimated at 7.3 bln tonnes, November 14, 2019Oil reserves of the Russian Arctic zone amounted to 7.3 bln tonnes, natural gas - about 55 trillion cubic meters, Russia's Minister of Natural Resources Dmitry Kobylkin said on Wednesday.  "Oil reserves of the Russian Arctic zone are estimated at 7.3 bln tonnes, condensate - 2.7 bln tonnes, natural gas - about 55 trillion cubic meters. The Yamalo-Nenets Autonomous region has the greatest potential. It accounts for about 43.5% of the initial total resources of the Arctic zone," he said.  It was noted that about 41% of the region's oil and gas resources are located on the Arctic shelf.   Read more...
Russian Businesses Sitting on $225Bln in Cash, November 13, 2019:   Russia's richest 10 companies were sitting on 3.4 trillion rubles ($53 billion) of cash at the end of last year, analysis by Russian news site RBC has  shown The firms with the biggest reserves in "cash and equivalents" - an accounting term which covers cash deposits and any other assets which can immediately, and without difficulty, be turned into cash - were state-backed energy giants Gazprom and Rosneft. Both were sitting on more than 800 billion rubles ($12.5 billion) at the end of 2018.   Read more...
The inevitable finale of the Nord Stream 2 saga, November 13, 2019 Nord Stream 2 may have become one of the most geopolitically charged energy projects in history, but its completion was inevitable since before construction even begun.  Europe is quickly becoming one of the most important export destinations for gas exporters. Production is decreasing quickly due to political and technical developments. The next few decades are promising for exporters. Nord Stream 2 is arguably one of the most contentious projects currently under development. Denmark recently granted the last necessary permit to start construction activities in its EEZ and analysts now agree that the project's completion is only a matter of time. In reality, the pipeline's future was decided long before construction even started due to external factors such as Poland's decision to diversify away from Russian gas and Western Europe's determination to turn away from nuclear and fossil fuel production.  Read more.. .
Houston-Tyumen Sister Cities
Gazprom Neft gets involved in developing a new oil-industry technology cluster in Tyumen, November 15, 2019 Gazprom Neft, the Government of the Tyumen Oblast and the All-Russia Oil and Gas Service Companies Association have entered into an agreement on developing a regional oil industry cluster, under a document signed by Alexander Dyukov, CEO and Chairman of the Management  Board, Gazprom Neft, Alexander Moor, Governor of the Tyumen Oblast, and Vladimir Borisov, President of the All-Russia Oil and Gas Service Companies Association.  Read more...
CIS Business News
O'ZLITINEFTGAZ signs a memorandum of understanding with Schlumberger Oilfield Eastern Limited, November 12, 2019:  The purpose of the document is to introduce technological cooperation opportunities in the field of exploration, development and optimization of production at new and existing fields of the Republic of Uzbekistan, as well as coordination of projects in accordance with the current legislation of the Republic of Uzbekistan.  Also, under the Agreement, the parties can by mutual agreement attract production capacities and technical equipment, labor and financial resources, their own developments, technologies, know-how, etc. when implementing activities of mutually beneficial projects.  Read more...
Entrepreneurs Service Centers planned to be created in all regions of Kyrgyzstan, November 13, 2019:   In order to support entrepreneurs and provide reliable information and advice on business, the Government of the Kyrgyz Republic plans to establish Entrepreneurs Service Centers in the regions, the press service of the Government reported. The services of the Center are already being used by entrepreneurs in Osh, Dzhalal-Abad and Batken. Such centers are planned to be opened in all regions of the country in the future. One of the main objectives of this initiative is to support and strengthen the capacity of entrepreneurs.  
Belarus ready to sell electric buses, agricultural machines to Russia's Kaliningrad Oblast, November 13, 2019:  Belarusian delegation led by Ambassador Extraordinary and Plenipotentiary of Belarus to Russia Vladimir Semashko is in Kaliningrad Oblast on a visit, the embassy's press service told BelTA. The delegation includes representatives of the Belarusian mechanical engineering company Belkommunmash, the automobile engineering company MAZ, OOO AVTOritet, and the water purification equipment factory Polymer Construction.  Read more...
US-Russia Related News in Russian
Новости недели
ДОМ.РФ показал рост финансовых показателей, 15 Ноября 2019 гДОМ.РФ сегодня опубликовал промежуточную финансовую отчетность по МСФО за 9 месяцев 2019 года. По мнению экспертов, опрошенных «Газетой.Ru», показатели говорят о достаточно устойчивом развитии финансового института, а также гарантируют надлежащее исполнение принятых им обязательств и достижение поставленных целей, в том числе государственных в части реализации национального проекта «Жилье и городская среда».  Читать далее...
МЭА рассказало об ожиданиях ускорения роста спроса на нефть, 15 Ноября 2019 г:  Международное энергетическое агентство (МЭА) ожидает, что рост мирового спроса на нефть ускорится в четвертом квартале 2019 года до 1,9 млн баррелей в сутки (б/с) из-за низких цен и возросшего потребления в США. Это следует из  отчета  МЭА, опубликованного в пятницу, 15 ноября.  Как отмечает организация, наибольший вклад в рост спроса на нефть в третьем квартале внес Китай, увеличив показатель на 640 тыс. б/с за год, при этом в Соединенных Штатах наблюдается практически нулевой рост за прошедшие три квартала. Однако к началу 2020 года ожидается увеличение темпов роста спроса и в США (до 190 тыс. б/с, а в Китае - замедление (до 375 тыс. б/с) 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 .