Dec
  2019
ISSUE
No. 251

  USRCC Business Newsletter
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Members' News

Shell Makes Significant Find Offshore Australia

Rigzone.com, December 24, 2019:  S hell Australia has announced a "significant" gas and condensate discovery in the Browse Basin off the North West Coast of Western Australia. The find was made through the Bratwurst-1 exploration well, which was said to be successfully concluded after a 78-day campaign. The discovery is located 99 miles north east of the Shell operated Prelude FLNG facility and presents an opportunity for a future tie-back to Prelude, according to Shell. No figures were released in connection with the discovery, but it was said to support Shell's growth plans for "more and cleaner energy, with LNG being the predominant focus for Shell in Australia".  Read more...
Exxonmobil discovers oil offshore Guyana at Mako -1 Well

News.exxonmobil.com, December 23, 2019:  ExxonMobil (NYSE:XOM) said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block. Mako-1 encountered approximately 164 feet (50 meters) of a high-quality oil bearing sandstone reservoir. Mako-1, drilled in 5,315 feet (1,620 meters) of water, is located.   Read more...
The Week in Review
Russia to produce 555-560 million tonnes of oil annually by 2024 - energy ministry

Tass.com, December 26, 2019Russia plans to maintain oil production at the level of 555-560 mln tonnes per year by 2024, approximately at the level of 2018 (555.9 mln tonnes), according to the draft Russian Energy Strategy posted on the website of the Energy Ministry.Oil production can be in the range of 490-555 mln tonnes per year by 2034, depending on the market situation, the draft strategy says.  Read more...
Nord Stream 2 will be launched before the end of the year

Sputniknews.com, December 27, 2019:  
According to the minister, Gazprom's pipe-laying vessel Akademik Cherskiy could be used to complete the construction of Nord Stream 2, "but some time will be needed for additional preparation." The vessel is currently in Russia's Far East. Read more...
Russia, Belarus can agree upon oil and gas transit and price in 2019

Tass.com, December 27, 2019The Russian Energy Ministry believes that the time is still available by the year-end to agree upon all outstanding issues of gas and oil transit and supply prices, Minister Alexander Novak told reporters on Thursday."As regards our interaction on oil and gas, we continue interacting with our colleagues. We still have time before the year-end to finalize outstanding points," Novak saidRead more...

Gazprom to finish talks on financing of Amur gas refinery 2019

1prime.biz, December 25, 2019:  Russian gas giant Gazprom plans to finish talks with potential creditors on project financing of the Amur gas refinery at the end of 2019, Deputy CEO Famil Sadygov told the company's corporate magazine in an interview released on Friday.   "Presently, various terms of project financing are being negotiated with the potential creditors of the Amur gas refinery. The planned deadline to complete the negotiations is the end of 2019.The target level of borrowed financing is 70%, and own investment will come to 30%," he said Read more...
Russian Railways OJSC Plans to Launch the Sale of Tickets for Several Means of Transportation on Its Website

Russia-ic.com, December 25, 2019:  Beginning from 2020, Russian Railways OJSC plans to launch the sale of tickets for several means of transportation on its website, including railway and air tickets to foreign destinations.  The new platform will include, first of all, the sales of railway, bus and air tickets, at the same time, the work on including taxis into the platform is underway. Tickets will be available not only in Russia, but also abroad. In addition, tickets for Russian intercity buses will also be sold on the new platform Read more...
The Vostochny spaceport in the Amur Region in the Russian Far East is the first national civilian space center

Tass.com, December 27, 2019: The first stage of the Vostochny spaceport construction in the Amur Region in the Russian Far East is 30% fulfilled, Deputy Prime Minister Yuri Borisov said in an interview with the Rossiya-24 TV channel on Friday."Under the first construction stage only six out of 19 facilities have been put into operation. About 20 billion rubles [around $320 million] have not been spent. They will be used for the second stage and for finishing the construction of the first stage facilities," the vice-premier commented . Read more...

Russian agricultural exports could exceed $24 bln in 2019

Agriculture.einnews.com ,  December 27, 2019:  Russian agricultural exports could exceed $24 billion in 2019, Russian President Vladimir Putin said. "Agricultural exports, and not only farm produce but also high value-added products, could exceed $24 billion for the year," he said at a meeting of the State Agrarian Policy Council.  "You know we are setting ourselves the goal of reaching $45 billion by 2024 - and this is quite a feasible task," the president said. Exports in 2019 could reach $25 billion, while the plan for the year had called for $24 billion, Agriculture Minister Dmitry Patrushev said.  In 2018, Russia exported $25.8 billion in agricultural goods, in 2017 - $20.7 billion.  Read more... 
 
CIS Business News

China-Kyrgyzstan relations have made great strides - Chinese Foreign Ministry Spokesperson

Kabar.kg, December 27, 2019 Chinese Foreign Ministry Spokesperson Geng Shuang in a regular press conference in Beijing answered the question concerning Kyrgyz President Jeenbekov's statement in his annual press conference on December 25 that relations between Kyrgyzstan and China have improved continuously, that as the biggest source of investment for Kyrgyzstan, China has helped it with multiple livelihood projects and that Kyrgyzstan will make all-out efforts to keep bilateral relations running at a high level. R ead more...
Belarusian Railways injects Br600m into investment projects in 2019

Eng.belta.by, December 27, 2019: The Belarusian Railways injected some Br600 million into the implementation of investment projects in 2019, head of the Belarusian Railways Vladimir Morozov said as he spoke at an event to mark the 157th anniversary of the Belarusian railways operator on 27 December, BelTA learned from the press service of the Belarusian Railways. In 2019, the Belarusian Railways implemented significant projects in infrastructure, freight terminals and rolling stock renewal, Vladimir Morozov said. Modern information technologies were actively implemented. The company continued work to electrify the Zhlobin-Kalinkovichi section. The implementation of this project will make it possible to increase the share of electrified railway sections up to 25% of the total railway line s.  Read more...

Azerbaijan Airlines president, Jordan's ambassador mull launch of new flight

News.az.ru, December 27, 2019: President of Azerbaijan Airlines CJSC Jahangir Askerov met on December 26 with the Ambassador Extraordinary and Plenipotentiary of the Hashemite Kingdom of Jordan Sami Asem Ghosheh, according to Azerbaijan Airlines CJSCThe meeting was held following the official visit of King of the Hashemite Kingdom of Jordan, Abdullah II ibn Al Hussein, to Azerbaijan on December 10 this year. During the visit, President Ilham Aliyev instructed the leadership of "Azerbaijan Airlines" to launch direct flights between the two countries. Read more...
US-Russia Related News in Russian
Новости недели

«Мегафон» запускает совместный проект с системой бронирования отелей Booking.com

Lenta.ru, Декабрь 25, 2019: Цифровой оператор «Мегафон» и международная система бронирования отелей Booking.com запустили совместный проект, позволяющий их клиентам пользоваться мобильной связью в роуминге бесплатно. Благодаря новой опции, получившей название «Роуминг с Booking», абоненты сотового оператора получат 1 гигабайт трафика в сети интернет и 60 минут в сутки бесплатных входящих и исходящих в Россию звонков. Число дней, насколько подключается опция, равно сроку бронирования отеля на сайте Booking.com. Причем, никаких ограничений по количеству выездов за рубеж у абонента нет. Требуется только соблюдать условия акции - забронировать отель через специальный лендинг booking, кнопка перехода размещена   на сайте  акции «МегаФон».   Читать далее...

В российских регионах отремонтируют и построят тысячи мостов. Они обойдутся в триллион рублей

Lenta.ru, Декабрь 24, 2019: Российские власти задумали очередной амбициозный проект: отремонтировать и построить несколько тысяч мостов и путепроводов в регионах России. Проект растянется на 15 лет и завершится только в 2035 году, за это время на него собираются потратить астрономическую сумму - более триллиона рублей. Большинство объектов, которыми планируют заняться власти, расположены в небольших муниципалитетах. Читать далее...

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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.  
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