June 2021 | ISSUE No. 329 | USRCC Business Newsletter
◾ USRCC Activities
Tuesday, June 22, 2021: "Energy Dialogue: Part 2 - State of Energy Industry and Its Future"


Chairman of the Board

To read the full bio click here
On Tuesday, June 22nd, the USRCC hosted its “by invitation only” webinar “Energy Dialogue: Part 2 - State of Energy Industry and Its Future” with PJSC “LUKOIL” Chairman of the Board Ravil Maganov. More than 60 executives from United States of America and Russia representing such companies as PJSC “LUKOIL”, Parker Drilling, Baker Hughes, Halliburton, Sulzer GTC Technology, Neftegaz, Mitsui, Miller and Lents, ASTM International, JSC “NEK”, Total, Moody Rambin, Flotek Industries, IHS Markit, Optimized Gas Treating, the University of Houston and many others attended this event.
The event started with welcome remarks from the U.S.-Russia Chamber of Commerce.
Mr. Maganov in his presentation covered LUKOIL’s vision for the oil & gas industry future and LUKOIL’s energy transition. Mr. Maganov presented several liquids demand scenarios for stricter climate regulations. Also, Mr. Maganov emphasized the important issue of achieving zero poverty, as around 800 million people still have no access to electricity. Hydrocarbon demand prospects were also covered during his presentation. Mr. Maganov stressed LUKOIL’s ambition to achieve net zero emissions by 2050. LUKOIL is looking at a broad list of climate opportunities such as production of green hydrogen, biofuels and methanol with CO2 capture. 
The Energy Dialogue was moderated by John Gibson, President and CEO of Flotek Industries. Some of following questions were addressed by Mr. Maganov during the moderated Q&A session:
  • Carbon capture utilization and storage in terms of sequestration;
  • LUKOIL diversification into alternative energy: solar, wind, nuclear, geothermal, HPP;
  • Hydrogen strategy of LUKOIL;
  • Digital transformation of LUKOIL across its broad international business while avoiding cloud technologies;
  • The carbon tax burden compromise between producers and consumers;
  • Production decline impact as a result of COVID-19 pandemic. 

Mr. Maganov concluded his remarks by stressing LUKOIL's mission to be a responsible producer of hydrocarbons with a focus on decreasing its global carbon footprint.
USRCC Upcoming Events
The U.S. aerospace sector is considered the largest in the world and is the main supplier of both military and civil aerospace hardware to the rest of the world. Aviation is one of the fastest-growing industries in the United States, and it has increased yearly at the rate of at least 14% despite the challenges the industry faced the past years. The industry is also a world leader in advancing science and technology. Aerospace systems have a very high value per unit weight and are among the most complex, as measured by the number of components in finished products.
The U.S.- Russia Chamber of Commerce and its Technology and Innovation Committee invite you to attend the 2nd Aerospace Conference which will address the following Aerospace industry trends:
  • Model Based Systems Engineering (MBSE);
  • Cost Control – how to use technologies to lower operational costs in the Aerospace industry;
  • 3D Printing - how to industrialize 3D printing; and
  • Digital Twin – how to use the Digital Twin to reduce development time.

Thursday, July 15th, 2021

11:00 am – 1:00 pm (CST)
Cost: complimentary

Registration deadline: COB Wednesday, July 14th, 2021.
Webinar details will be provided upon registration.


Senior Vice President of 
Engineering Services,
Saratech (Mission Viejo, CA)
 Chairman of Technology & Innovation Committee,
U.S.-Russia Chamber of Commerce

To read the full bio click here


Senior Manager,
Engineering & Scientific Methods,
Northrop Grumman

To read full bio click here

Design Manager,
Northrop Grumman

To read full bio click here

Vice President Aerospace,
Stratasys Systems

To read full bio click here

Senior Vice President,

To read full bio click here
The 11 Annual Welcome Reception Honoring Delegations 
from Russia, Kazakhstan and Azerbaijan 
at the Offshore Technology Conference (OTC 2021)
The USRCC's OTC Reception is attended by more than 300 international business professionals, including, leading experts from oil and gas/energy industry, investors, suppliers, and government officials.

The USRCC’s OTC Reception provides energy professionals the opportunity to meet and exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters.

Tuesday, August 17, 2021 6:00 pm – 9:00 pm CST

Hotel ZAZA | Fountain Room 
5701 Main Street, Houston, TX 77005
USRCC Members - $50 | Non-members - $100

"Pay at the Door" Option will be available at: 
USRCC Members - $55 | Non-Members - $110

Registration deadline: COB Monday, August 16, 2021
Refunds will not be issued after August 13, 2021

Senior Vice President, 
ExxonMobil Upstream
Oil & Gas - Conventionals 

To read the full bio click here

President and CEO,
Parker Drilling Company

To read the full bio click here


The U.S.-Russia Chamber of Commerce is hosting this Webinar to discuss the long-term challenges facing the global supply chain. Energy, Shipping, Mining and Metals, and Agriculture industries’ leaders will share their experiences as to what their respective industries are doing to combat the missing pieces that make the global economy move products smoothly.
  • How to handle supply chain disruptions?
  • How to decrease costs throughout the supply chain?
  • How to meet consumer demands and improve quality, speed and service?
  • What are the advantages of digitalization of supply chain management?
These and other related questions will be covered during this Webinar.

Tuesday, October 5th, 2021

8:00 am – 9:30 am (CST) | 16:00 – 17:30 (MSK)

Registration deadline: COB Monday, October 4th, 2021.


2900 Wilcrest Drive, Suite 133, Houston, TX 77042 | +1 (713) 429-4680
info@usrussiacc.org | www.usrussiacc.org
Anton Posner

Chief Executive Officer,
The Mercury Group and Mercury Resources LLC;
North East Chapter Chair and 
New York Representative,
U.S.-Russia Chamber of Commerce

To read the full bio click here
C. Brian Hesse

President and CEO, 
Rusal America Corporation

To read the full bio click here
Scott Bergeron

Director of Business
Development & Strategy,
Oldendorff Carriers GmbH & Co. KG

To read the full bio click here
Robin Martin

Head of Market Development,
London Metal Exchange

To read the full bio
click here
Scott R. Evans


To read the full bio
click here
The U.S.-Russia Chamber of Commerce
invites you to the partner event -
Gastech Exhibition & Conference at Dubai World Trade Center,
September 21-23, 2021.

Gastech is a global platform that convenes industry leaders annually in their shared mandate towards a zero-carbon economy. A key enabler of engagement between policy makers, business leaders, disruptors and innovators, Gastech 2021 will drive the conversations, collaborations and connections to address the challenges and opportunities created by the energy transition. Lower and zero-carbon fuels will play a central role in the delivery of the new energy landscape, as global focus continues to move towards a decarbonized and sustainable environment. Gastech 2021 will take place in Singapore, an epicenter for trade across Asia, reflecting the rapid shift Asian economies are making towards Natural Gas and LNG to meet their energy demands. Gastech will help you shape the strategies that will enable your company to thrive, providing an opportunity to explore new markets, forge exciting new partnerships and generate new business across the gas, LNG, hydrogen and energy value chain.

Gastech will be held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai. Gastech is supported by the Ministry of Energy and Infrastructure of the United Arab Emirates. H.E. Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure commented that “The UAE is delighted to be hosting Gastech, one of the world’s leading events for the gas, LNG, hydrogen, and energy industry. Gastech comes at an important time for the energy industry with a shared global mandate to lower carbon emissions and provide clean affordable energy for all. Gastech is a key enabler of conversations and connections that drive the energy transition agenda."
USRCC Membership
Are you taking advantage
of your USRCC Member Benefits?

The U.S.-Russia Chamber of Commerce provides a variety of Membership options to fit your business needs and goals. Renew your membership or join for the first time today!

For more information click here.
Member's News
Lukoil Holds Annual General Shareholders Meeting

Lukoil.com, June 24, 2021: PJSC "LUKOIL" today held its Annual General Shareholders Meeting in Moscow in the form of absentee voting where the 2020 Annual Report of the Company and the 2020 financial statements were approved, as well as decision on distribution of profit for 2020 was made. Read more...
RNG JSC Rated ‘A’ in the Field of Sustainable Development

Rngoil.ru/en/, June 17, 2021: AK&M has highly rated the company according to the national rating scale. Analysts noted the balanced development policy pursued by RNG in economic, social and environmental areas. The agency’s report emphasizes that RNG pays special attention to the issues of environmental safety of production. The company is constantly increasing its expenses on environmental protection activities. AK&M experts highlighted the company’s approach to human capital development, as well as RNG’s occupational health and safety programs. Read more...
ExxonMobil Announces Final Results in Election of Directors

Exxonmobil.com, June 21, 2021: The ExxonMobil board of directors will consist of Michael Angelakis, Susan Avery, Angela Braly, Ursula Burns, Kenneth Frazier, Gregory Goff, Kaisa Hietala, Joseph Hooley, Steve Kandarian, Alexander Karsner, Jeffrey Ubben and Darren Woods. Douglas Oberhelman, Sam Palmisano and Wan Zulkiflee will be departing the board. Read more...
USRCC Announcement
The USRCC Member is seeking
business representative in Russia

Here are the key requirements:

  • The company / individual should have the industry contacts in dealing with Sulphur plants, CO2 capture and/or academics;
  • The representative should have a working knowledge of the amine industry;
  • The representative should have the understanding of how business works in the Russian region;
  • The company / individual could have represented tray vendors, solvent suppliers, other software, or Engineering, Procurement and Construction company.

For more details please contact: info@usrussiacc.org
Please indicate in subject line "Russian Representative"

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 
or contact us directly at info@usrussiacc.org  
call 713.429.4680
This Week in Review
Novatek and Gazprom Neft Pair up with Russian Steel Giant in Decarbonisation Push

Upstreamonline.com, June 18, 2021: Russian steel conglomerate Severstal has signed pacts with compatriot energy giants Novatek and Gazprom Neft to study initiatives aimed at driving down carbon emissions. The memoranda of understanding (MoU) will see the companies establish joint study groups that will consider carbon capture and storage (CCS) projects to cut carbon footprints, Severstal's head of decarbonisation projects, Ilya Pavlov, told Upstream. Read more...
Exxon Investors to Prod Revamped Board on Net Zero Carbon Study

Reuters.com, June 22, 2021: Investors calling for Exxon Mobil Corp  to study the impact of getting its oil and gas business to net-zero emissions by 2050 will push for talks later this year with what they hope is a more sympathetic board. Exxon shareholders voted 49.4% in favor of the study, a regulatory filing showed on Monday. Companies typically respond to proposals that get majority support from investors. Read more...
Nord Stream 2 AG Files for Status of Independent Gas Operator

1prime.biz, June 24, 2021: Nord Stream 2 AG, the operator of Russian natural gas pipeline Nord Stream 2, has filed an application for certification as an independent gas transmission system operator, the company said in a statement on Thursday. The company continues its ongoing litigation and arbitration proceedings in relations to amendments to the E.U. Gas Directive introduced in 2019. The application for certification does not mean any changes in the company’s legal position, which it firmly continues to pursue in the courts, Nord Stream 2 AG said. Read more...
US Ambassador Returns to Moscow, Says Ready to Resume Work on Bilateral Relations

Sputniknews.com, June 24, 2021: US Ambassador to Russia John Sullivan arrived in Moscow on Thursday following the agreement reached by presidents Vladimir Putin and Joe Biden in Geneva to return ambassadors to their posts abroad. Read more...
Russian Far East Accounts for Third of Direct Foreign Investment in Russia, Says Deputy PM

Tass.com, June 25, 2021: Russia’s Far Eastern federal district accounts for one third of all direct foreign investment in implementation of projects on the country’s territory, Prime Minister, Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev said at a meeting with a delegation from France in Vladivostok on Friday. Read more...
Russia Developing Hydrogen Powered Railway Locomotives

Intellinews.com, June 17, 2021: In what will be the most unpopular move since the state increased retirement ages, Moscow Mayor Sergey Sobyanin announced a mandatory vaccination scheme on June 16. The mayor’s decision comes as infection rates in the Russian capital soar to over 6,000 new cases a day, a level not seen since January last year, and infection rates in the country as a whole leap from around 8,000 new cases a day to over 13,000 again. Read more...
Houston-Tyumen Sister Cities
UTMN Takes Part in International Arctic Project

Indiaeducationdiary.in, June 21, 2021: The new Arctic project of the University of Tyumen and scientific organizations of Norway, Germany, India, and the United States is named after a constellation — URSA MAJOR. The project is funded by a grant from The Research Council of Norway. URSA MAJOR is an acronym for URban Sustainability in Action: Multi-disciplinary Approach through Jointly Organized Research schools. The project will take 5 years to implement, from July 1, 2021, to June 30, 2026. Read more...
CIS Business News
Foreign Companies to Invest More Than $500 Million in Kazakhstan’s Agro-industrial Sector, Chemical Industry

Astanatimes.com, June 19, 2021: Newly announced foreign investments from Dutch, Turkish and Arab companies are expected to finance projects worth more than $500 million in Kazakhstan’s agro-industrial sector and chemical industry, reported the press service of the Kazakh Invest national company. Read more...
SOCAR-Petrofac, BP Secure New Contract on ACE Project

Azernews.az, June 24, 2021: A joint venture of Azerbaijan’s State Oil Company (SOCAR) and Petrofac, and BP has secured a new contract worth around $25 million, to support the Azeri Central East project, operated by BP in Azerbaijan. The scope of work includes the provision of commissioning technicians and other specialist personnel, mobilization and associated services to support the project at both onshore and offshore work sites in-country. Read more...
US-Russia Related News in Russian
◾ Новости недели
Gefco Не Обладает Информацией о Намерении Акционеров Продать Группу

Tass.ru, Июнь 25, 2021: Gefco не обладает информацией о намерении РЖД (владеет 75% акций группы) и автоконцерна Stellantis (25% акций) продать свои доли в компании. Об этом говорится в официальном заявлении группы, которое передала ТАСС пресс-служба. О том, что Gefco выставлена на продажу, ранее сообщило издание DVZ со ссылкой на источники. В РЖД отказались от комментариев. Читать далее...
Акционеры "Газпрома" Избрали Новый Совет Директоров

1prime.ru, Июнь 25, 2021: Акционеры "Газпрома" на годовом собрании в пятницу избрали новый состав совета директоров, включив в него главу Минэнерго РФ Николая Шульгинова, говорится в материалах компании. Остальные 10 членов сохранили свои места в совете директоров "Газпрома". Среди них вице-премьер РФ Александр Новак, министр промышленности и торговли Денис Мантуров, председатель правления "Газпрома" Алексей Миллер, председатель правления Газпромбанка Андрей Акимов и спецпредставитель президента РФ по взаимодействию с Форумом стран-экспортеров газа (ФСЭГ) Виктор Зубков.Читать далее...
Гуцериев Решил Покинуть Пост Главы Совета Директоров «РуссНефти»

Rbc.ru, Июнь 24, 2021: Михаил Гуцериев решил выйти из состава совета директоров нефтяной компании «РуссНефть», в котором до сих пор занимал пост председателя. О причинах отставки Гуцериева, чья семья является основным акционером «РуссНефти», в сообщении не говорится. Однако 21 июня бизнесмен попал под санкции Евросоюза. Читать далее...
Газпром Начал Строить в Кузбассе Завод по Производству Сжиженного Природного Газа

Gazeta.ru, Июнь 24, 2021: ООО "Газпром добыча Кузнецк" начал строить новый завод по производству сжиженного природного газа на Нарыкско-Осташкинском метаноугольном месторождении в Кемеровской области. Об этом сообщает пресс-служба правительства региона. Отмечается, что предприятие в качестве сырья будет использовать метан из угольных пластов. Первую очередь завода планируется ввести в эксплуатацию в начале 2023 года, выход на проектную мощность назначен на 2024 год. Читать далее...
НОВАТЭК Ведет Переговоры с Mitsui по Проекту на Ямале

Kommersant.ru, Июнь 24, 2021: По данным “Ъ”, НОВАТЭК ведет переговоры с японской Mitsui о вхождении в экспортный проект по производству аммиака в Сабетте — «Обский ГХК». Таким образом, НОВАТЭК может привлечь в проект партнера, который также выступит и покупателем аммиака. Первая очередь завода мощностью 2,2 млн тонн, по данным “Ъ”, должна быть запущена в 2026 году, также возможна вторая очередь. Проектом предусматривается улавливание и утилизация CO2. По оценкам аналитиков, инвестиции в «Обский ГХК» могут достигать $2,2–2,4 млрд. Читать далее...
 USRCC Executive Partners 
U.S.-Russia Chamber of Commerce
2900 Wilcrest Drive
Suite 133
Houston, TX 77042

The U.S.-Russia Chamber of Commerce (USRCC) is a 501(c)(6) not 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 Russian 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.

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