July 2021 | ISSUE No. 332 | USRCC Business Newsletter
USRCC Activities
Thursday, July 15, 2021: 2nd Aerospace Conference
On Thursday, July 15th, the USRCC hosted its 2nd Aerospace Conference in a moderated webinar format.

Kenneth Scherwinski, Senior Vice President of Engineering Services, Saratech (Mission Viejo, CA) and Chairman of the USRCC's Technology & Innovation Committee served as a moderator of the Conference. Mr. Scherwinski opened the webinar with welcoming remarks and overview of the USRCC and its T&I Committee.

The following industry experts have made their presentations during the Webinar:
  • Nathan Christensen, Senior Manager, Engineering and Scientific Methods, Northrop Grumman;
  • Nathan Holyoak, Manager, Digital Design and Integration, Northrop Grumman;
  • Scott Sevcik, Vice President Aerospace, Stratasys Systems;
  • Rick Murphy, Senior Vice President, Saratech.

Speakers have discussed the impressive technological advances that have recently been taking place in the aerospace industry, such as digitalization and 3D printing, improving the value of Model-Based Systems Engineering in the product lifecycle process, history of model base vs paper base design, future of MBE at propulsion systems. The recent trends include developments in virtual and augmented reality, product field application and model based design and enterprise. VR helps customers to understand scale and complexity of projects and helps engineers to identify design flaws before the first build. Cultural changes associated with moving away from 2D model design were also discussed.

Over 50 registrants from USA, Canada and Russia were engaged in a moderated Q&A session. Industry experts answered questions related to collaboration between different groups on developing the new technologies and specifics of different parts manufacturing using the 3D design technology.

"Great content across the board. Short and to the point. Good measure of where I need improvement in my on systems and where systems are currently." - Brian Heiman, AM Sales, ImageNet Consulting LLC.
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, 
Global Upstream Conventionals, 

To read the full bio click here

Consul General,
Consulate General of Russian Federation in Houston

To read the full bio click here


President and CEO,
Parker Drilling Company

To read the full bio click here


23rd World Petroleum Congress Organizing Committee

To read the full bio click here



 * two economy class round trip Turkish Airlines tickets originating from any of Turkish Airlines gateways in the US 

The U.S.-Russia Chamber of Commerce
invites you to the partner event -

NAPE Summit 2021
USRCC represented at Booth # 1535

IN PERSON: Houston, August 18th - 20th

VIRTUAL on the NAPE Network: August 9th - September 3rd

Whether face-to-face or screen-to-screen, NAPE is your essential marketplace for connecting with the industry decision-makers who can make big things happen.

Discover new opportunities, explore available prospects, gain insight from industry experts, network with attendees and exhibitors and make deals happen.

Join other professionals from across the energy industry and register now!
Energy industry is facing multiple challenges from energy demand to decarbonization and the lowering of the investment interest. 

  • What is the future of hydrocarbons?
  • How is energy industry transforming?
  • Where is current growth in renewable energy sources?
  • Is Hydrogen Economy possible?
  • What role sustainability is playing in the energy industry?
  • How effective is energy industry in embracing innovation?
  • What is the energy project outlook for the 2nd half of 2021?

 C-level energy executives will discuss these and other related questions in a moderated webinar panel.

Tuesday, September 14th, 2021 

8:00 am – 10:00 am (CST)  | 16:00 – 18:00 (MSK) 
Cost: complimentary 

Simultaneous translation into Russian language is included. 
Webinar details will be provided upon registration. 


President and CEO 
Flotek Industries 

To read the full bio click here


Chairman and CEO 
Baker Hughes 

To read the full bio click here
Women are an essential part of the global economy. Join the USRCC in conversation with the influential women who have achieved success and are making an impact on the international trade and investment. 
This year’s discussion will focus on the diversity of the board representation, energy transition, successful company culture and other topics.
Please click here to view the prior Speaker Series speakers.
Wednesday, September 15th, 2021
9:00 am – 11:00 am CST
Cost: Complimentary

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

Independent Non-executive Director, BP
Chair of the Safety and Sustainability and Member of the
Remuneration Committees

To read the full bio click here

Senior Vice President, 
Chief Administrative Officer
and General Counsel,
Parker Drilling Company

To read the full bio click here

Shell Lubricants Americas

       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

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

President and CEO, 
Rusal America Corporation

To read the full bio click here

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

To read the full bio click here

Head of Market Development,
London Metal Exchange

To read the full bio
click here


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
Gazprom Board of Directors Forms Sustainable Development Committee

Gazprom.com/en, July 13, 2021: The Gazprom Board of Directors resolved to form the Sustainable Development Committee of the Board of Directors and to approve the regulation on the Committee. The matters falling within the purview of the Committee include the preparation of recommendations on defining the lines of work of the Gazprom Group in the field of sustainable development, as well as on assessing the implementation of the Group's sustainable development. Read more...
Updated API Quality Management System Ensures Safety and Environmental Protection for Natural Gas and Oil Service and Supply Organizations

Api.org, July 14, 2021: The American Petroleum Institute (API) today issued the second edition of its landmark API Specification Q2, Quality Management for Service Supply Organizations for the Petroleum and Natural Gas Industry. The new edition strengthens safety, quality, environmental protection and sustainability requirements to facilitate the implementation of best-in-class standards across natural gas and oil supply chains. Read more...
Lukoil Board of Directors Approves Members of the Company Management Committee

Lukoil.com, July 15, 2021: At the meeting the Board of Directors approved the principal terms and conditions of contracts with the members of the Management Committee, resolved to pay a one-off bonus to the President of PJSC LUKOIL and determined the amount of payment for the services of the Company's auditor (JSC KPMG) in regards to the audit of accounting (financial) statements of the Company for 2021. 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
Oil Prices Anticipate Increase in Production: Kemp

Reuters.com, July 16, 2021: Oil prices are sending mixed signals about the production-consumption balance in the second half of 2021 and early 2022, implying the market is currently tight but likely to see significantly more output in the near future. Read more...
Oil and Gas Emissions Could Risk 'Killing Concept of Blue Hydrogen', Warns Equinor Vice President

Upstreamonline.com, July 16, 2021: Blue hydrogen produced from natural gas with carbon capture and storage is often criticised because it is not a fully zero-emission outcome. In an interview with Upstream's sister publication Recharge, Equinor vice president of low-carbon technology Henrik Solgaard Andersen acknowledged that a more comprehensive low-emission solution needs to be found. Read more...
OPEC Keeps Russia's 2021 Oil Output Forecast Almost Unchanged

1prime.biz, July 15, 2021: OPEC has increased slightly its forecast for Russia’s 2021 oil and gas condensate production at 10.63 million barrels per day from10.61 million barrels it forecast in May, according to a monthly report seen by PRIME on Thursday. Read more...
Russia, US Committed to Paris Accord, Cooperation on Climate — Statement

Tass.com, July 15, 2021: Russia and US are committed to the implementation of the Paris Accord and to cooperation on fighting the global climate change, says the joint written statement of Russian Special Presidential Representative for Climate Ruslan Edelgeriyev and his US counterpart John Kerry, adopted during Kerry’s three-day visit to Russia. Read more...
US Commerce Department Announces Adding 6 Russian Entities on Its Blacklist

Sputniknews.com, July 16, 2021: The US Commerce Department announced on Friday that it is imposing trade restrictions against six Russian entities previously identified as acting contrary to the national security or foreign policy interests of the United States. Read more...
Putin Says US Sanctions on Russia 'Even Did Us Good'

Cnn.com, July 12, 2021: Russian President Vladimir Putin put a positive spin on the sanctions that the United States has imposed on his country in recent years on Wednesday. There are, he claimed, positive sides to them. While not specifically singling out one incident caused by sanctions, he said that, in a way, they had furthered Russian technology. Read more...
CIS Business News
Central Asian Foreign Ministers, U.S. Senior Officials Attend C5+1 Meeting in Tashkent

Astanatimes.com, July 15, 2021: The meeting was attended by Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Mukhtar Tileuberdi, Minister of Foreign Affairs of Tajikistan Sirojiddin Mukhriddin, Deputy Chairman of the Cabinet of Ministers – Minister of Foreign Affairs of Turkmenistan Rashid Meredov, Minister of Foreign Affairs of Uzbekistan Abdulaziz Kamilov, Deputy National Security Advisor to the President of the United States Elizabeth Sherwood-Randall and Ambassador of Kyrgyzstan to Uzbekistan Ibrahim Junusov. Read more...
Belarus' Oil Producer Belorusneft Builds 23 Oil Wells in H1

Eng.belta.by, July 14, 2021: In H1 2021 the Svetlogorsk Drilling Department and the Rig Building Department of Belorusneft built 23 wells and installed 22 drilling rigs, BelTA learned from the press service of the company. In June, the Rig Building Department installed three drilling rigs on the territory of Belarus. According to Nikolai Smolikov, First Deputy Chief-Chief Engineer of the the Rig Building Department, rig builders worked on the Vishanskoye, Beskopylnovskoye and Rechitskoye fields. Read more...
Prices for Azerbaijani Oil Continue to Rise

Azernews.az, July 15, 2021: The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by 16 cents on July 14 compared to the previous price, settling at $76.86 per barrel, Trend reports referring to the source from the country's oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $76.21 per barrel on July 14, rising by 17 cents compared to the previous price. Azerbaijan has been producing Azeri LT since 1997 and exporting it via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa Western Export Pipeline, as well as by rail to the Georgian port of Batumi. Read more...
US-Russia Related News in Russian
◾ Новости недели
Медведев Отметил Конкурентные Преимущества России в Авиации, Энергетике и IT-сфере

Tass.com, Июль 15, 2021: Зампред Cовбеза обратил внимание на то, что "отечественные компании предлагают надежные программные решения, которые могут быть конкурентоспособными как внутри страны, так и на глобальном рынке". Читать далее...
«Работы Завершены на 98%»: «Северный Поток — 2» Нацелены Ввести в Эксплуатацию в 2021 Году

Gazeta.ru, Июль 11, 2021: Глава Nord Stream 2 AG Маттиас Варниг считает, что российский газопровод «Северный поток — 2» будет достроен уже в августе. Полностью проект планируется ввести в эксплуатацию уже в этом году. Первая ветка была достроена еще в июне. Сейчас она проходит этап сертификации и проведения тестов. На это обычно уходит порядка трех месяцев. Читать далее...
Энергетическая Солидарность Против «Газпрома»

Kommersant.ru, Июль 16, 2021: Окончательный отказ суда ЕС допустить «Газпром» к 100% мощностей расположенного на территории Германии газопровода Opal автоматически снизит более чем на 30% загрузку основного экспортного маршрута в ЕС — «Северного потока». Пока эту проблему «Газпром» решает за счет инфраструктуры недостроенного «Северного потока-2», принципиально отказываясь наращивать прокачку через Украину. Но с пуском новой трубы компанию ждет дефицит мощностей. Юристы добавляют, что суд нормативно закрепил принцип энергетической солидарности Европы, что не предвещает «Газпрому» ничего хорошего в будущих спорах. Читать далее...
Росстат Впервые Рассчитал Долю Нефти и Газа в Российском ВВП

Rbc.ru, Июль 13, 2021: Росстат впервые рассчитал долю нефтегазового сектора в ВВП России — по итогам 2020 года она составила 15,2% и коррелирует с ценами на нефть. Представления, что вклад нефти и газа выше, в основном связаны с их ролью в экспорте. Читать далее...
Байден Назвал Бессмысленным Введение Санкций в Отношении Участников "Северного потока - 2"

Tass.com, Июль 15, 2021: По мнению Байдена, больший смысл имело обсуждать с Меркель то, пытается ли Россия якобы шантажировать Украину или кого-то другого. Президент США отметил, что он и канцлер поручили своим командам рассмотреть практические меры, которые можно совместно принять, и выяснить то, укреплена или ослаблена энергетическая безопасность Европы и Украины российскими действиями. Читать далее...
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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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