July 2021 | ISSUE No. 333 | USRCC Business Newsletter
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 10th Annual Welcome Reception Honoring Russian and CIS Delegations to the Breakbulk Americas 2021 
Breakbulk Americas has been the established hub for the project cargo and breakbulk industry for more than 30 years. Based in Houston, it hosts more than 5,000 professionals from across the industrial supply chain based primarily in Canada, U.S. and Latin America, including the America’s largest EPCs and oil & gas companies. 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. 

The U.S.-Russia Chamber of Commerce invites you to join the welcoming Russian and CIS delegations to the 10th 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. 

 Wednesday, September 29th, 2021
6:00 pm – 8:00 pm CST

 Four Seasons Hotel | Whitney Room 
1300 Lamar Street, Houston, TX 77010 
 USRCC Members - $30 | Non-members - $60 

"Pay at the Door" Option will be available at: 
USRCC Members - $35 | Non-Members - $65 

Registration deadline: COB Tuesday, September 28th, 2021 
Refunds will not be issued after September 27th, 2021 
2900 Wilcrest Drive, Suite 133, Houston, TX 77042 

+1 (713) 429-4680 

info@usrussiacc.org | www.usrussiacc.org 
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 and Russian Helicopters Sign Agreement to Cooperate on Supplies of First Russian Offshore Helicopters

Gazprom.com/en, July 22, 2021: Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Andrey Boginsky, Director General of Russian Helicopters (part of the Rostec State Corporation), signed the Agreement of Strategic Cooperation for the supply of domestically-produced certified naval helicopters of the type Mi-171A3. Read more...
New Analysis: Pennsylvania-Made Natural Gas And Oil Drives U.S. Economic Recovery, Strengthens All Industries

Api.org, July 22, 2021: The American Petroleum Institute (API) and its Pennsylvania-based office (API PA) today released a new analysis of the natural gas and oil industry’s vast economic impact on the commonwealth’s economy and highlighted its importance to the state’s post-pandemic recovery. Read more...
Sulzer Mixpac Takes a Significant Step towards a Decreased CO2 Footprint

Sulzer.com, July 20, 2021: Sulzer Mixpac has received a CO2 inventory certificate from TÜV NORD as part of its continued strategy to improve sustainability. The certificate verifies the carbon footprint of the business, helping to identify areas for improvement to minimize its overall footprint. Read more...
Shell Delivers First Gas from Barracuda Project

Shell.com, July 22, 2021: Shell Trinidad and Tobago (through BG International, a subsidiary of Royal Dutch Shell plc) today announces that production has started on Block 5C in the East Coast Marine Area (ECMA) in Trinidad and Tobago. This marks a significant milestone in the delivery of gas both domestically and internationally through Atlantic LNG. Read more...
Lukoil Launches Production of Advanced Polymer-Bitumen Binders at Its Nizhny Novgorod Refinery

Lukoil.com, July 22, 2021: Deputy Prime Minister of the Russian Federation Yury Borisov, Governor of the Nizhny Novgorod region Gleb Nikitin and President of PJSC LUKOIL Vagit Alekperov took part in the ceremony of commissioning of a polymer-bitumen binders production unit at LUKOIL's Nizhny Novgorod refinery. The commissioning took place today in the city of Kstovo (Nizhny Novgorod region). 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
US Department of State Overview of Russia’ Investment Climate 

State.gov, July 21, 2021: The Russian Federation remained in 28th place out of 190 economies in the World Bank’s Doing Business 2020 Report, reflecting modest incremental improvements in the regulatory environment in prior years. The World Bank paused the publication of the Doing Business 2021 report to assess a number of irregularities that have been reported, therefore no updates since last report are available. However, fundamental structural problems in Russia’s governance of the economy continue to stifle foreign direct investment throughout Russia. Read more...
Oil up $1.50/bbl as Demand Recovery Seen Tightening Supply

Reuters.com, July 22, 2021: Oil prices rose about $1.50 a barrel on Thursday, extending gains made in the previous three sessions on expectations of tighter supplies through 2021 as economies recover from the coronavirus crisis. Read more...
President Biden’s Net Zero Revolution?

Ft.com, July 21, 2021: Sweeping reforms promise to transform the US from one of the world’s worst polluters into a net zero pioneer. But wind, solar and plug-in cars won’t be enough. As the FT’s Myles McCormick explains, President Biden is relying on huge advances in technology and the unlikely support of political opponents to make his green dream a reality. Read more...
RUSAL Says Export Duty May Force It to Suspend Some Operations

1prime.biz, July 21, 2021: The aluminum export duty on may cost Russia’s UC RUSAL several hundreds of millions of U.S. dollars, making the company consider suspension of some production capacities, Roman Andryushin, deputy CEO for sales in Russia, CIS, and China, told reporters on Wednesday. Russia will introduce export duties on ferrous and non-ferrous metals from August 1 through December 31. The duty amounts to 15% plus at least $1,226 per tonne of copper, at least $2,321 per tonne of nickel, and at least $254 per tonne of aluminum. Read more...
Exports Rise 45 per cent During July 1-21: Commerce Ministry

Economictimes.com, July 23, 2021: The country's exports grew 45.13 per cent to USD 22.48 billion during July 1-21 on account of healthy growth in sectors such as gems and jewelery, petroleum and engineering, according to the provisional commerce ministry data. Imports also rose 64.82 per cent to USD 31.77 billion in the said period, leaving a trade deficit of USD 9.29 billion. Read more...
US Government Has Not Yet Approved Purchase of Russian Rocket Engines — Roscosmos

Tass.com, July 21, 2021: The US government has not yet given permission to Orbital Sciences LLC to purchase Russian-made RD-181M rocket engines, Spokesman for Russia’s State Space Corporation Roscosmos Vladimir Ustimenko said. Read more...
Putin Sees Russia’s GDP Growing Close to 4% in 2021

1prime.biz, July 19, 2021: Russia’s gross domestic product (GDP) will grow by around 4% in 2021, President Vladimir Putin said during a meeting, devoted to strategic development and projects, on Monday.Putin also said that unemployment is seen at 4.9% and has almost returned to 4.7%, the level of 2019. Read more...
 Houston-Tyumen Sister Cities
Tyumen Authorities Have Decided How the City Day Will Be Held (21 million Rubles Will Be Spent on It)

72.ru, July 19, 2021: It will be held with the necessary standards due to COVID-19. The events will take place in different places in the city. The head of the city called for creating a festive atmosphere, but dispersing people. The events will take place in different places in the city. The head of the city called for creating a festive atmosphere, but dispersing people. Read more...
CIS Business News
Kazakhstan to Increase Oil Production, OPEC+ Agrees to Oil Supply Boost

Astanatimes.com, July 19, 2021: Kazakhstan will increase oil production up to 1.491 million barrels per day from August, steadily adding 16,000 barrels each month, announced the Kazakh Ministry of Energy following the July 18 meeting of OPEC ministers. Read more...
Belarus, Rosatom Considering New Cooperation Avenues

Eng.belta.by, July 21, 2021: Belarus and the Russian state nuclear industry corporation Rosatom are considering new cooperation avenues. Belarusian Deputy Energy Minister Mikhail Mikhadyuk mentioned it during a seminar held on 21 July for heads of Belarusian diplomatic missions and consular institutions, BelTA has learned. Read more...
Azerbaijan Supports Increase in Oil Production until End of 2021 within OPEC+

Azernews.az, July 19, 2021: Azerbaijan has supported the decision to increase daily crude oil output by 400,000 barrels per month in August-December 2021, and to extend the Declaration of Cooperation until the end of 2022, with partial adjustments to the base level of oil production from May next year, at the 19th Ministerial Meeting of OPEC and non-OPEC countries. Read more...
US-Russia Related News in Russian
◾ Новости недели
Exxon Mobil Назначила Новым CFO Кэтрин Микеллс

Interfax.ru, Июль 19, 2021: Exxon Mobil Corp. меняет главного финансового директора: новым CFO с 9 августа станет Кэтрин Микеллс, ранее занимавшая аналогичный пост в таких компаниях, как Diageo, United Airlines и Xerox. Микеллс сменит в должности CFO ветерана компании Эндрю Свайгера, который ранее заявил о намерении выйти на пенсию 1 сентября. Он работал на посту главного финансового директора с 2013 года. Читать далее...
Точка Входа: Стоит ли Сейчас Покупать Российские Акции

Gazeta.ru, Июль 20, 2021: Российский рынок акций в понедельник падал по индексу Мосбиржи ниже психологического уровня в 3700 пунктов — более чем на 2%, следует из дневной динамики торгов. Во вторник он начал постепенно восстанавливаться — к концу торгового дня индекс вернулся к отметке 3708 пунктов, подтянувшись на 0,4%. «Газета.Ru» обсудила с экспертами, означает ли такая динамика, что инвесторы дождались хорошей «точки входа» в российские активы. Читать далее...
Экспорт и Импорт Непрерывно Растут с Середины 2020 Года

Kommersant.ru, Июль 21, 2021: Центр развития ВШЭ опубликовал ежемесячный доклад, в котором исследуется динамика экспорта и импорта товаров на основе сезонно скорректированных данных — что позволяет выделить устойчивые тенденции во внешней торговле. По этим данным, объемы экспорта и импорта товаров устойчиво росли с июня 2020 года, при этом с января 2021-го вывоз рос быстрее ввоза. Читать далее...
ЦБ не Согласился с Опасениями Банков из-за Регулирования Экосистем

Rbc.ru, Июль 22, 2021: Банки увидели в предложенном ЦБ регулировании экосистем неблагоприятные последствия для отрасли, в том числе возможное закрытие филиалов в городах. Регулятор заверил, что негативного эффекта не будет, а филиальная сеть выиграет. Читать далее...
«Россию не Cледует Анализировать как Единый Объект»

Kommersant.ru, Июль 21, 2021: Спустя пять лет главный экономист Всемирного банка по России Апурва Сангхи покидает свой пост. В своей прощальной колонке для “Ъ” он размышляет о неоцененных успехах России. Богатство России составляют изобретательность и креативность ее народа. Действительно, почти половина всего богатства России связана с ее человеческим капиталом — накопленными опытом, знаниями и навыками россиян. 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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