July 2021 | ISSUE No. 334 | 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
New Edition Of Global Pipeline Standard Enhances Safety And Strengthens The Environmental Sustainability Of Pipelines

Api.org, July 27, 2021: The American Petroleum Institute (API) today published Standard (Std) 1104, 22nd Edition, Welding of Pipelines and Related Facilities, updating an important global standard that supports industry-wide actions to strengthen environmental sustainability efforts while meeting growing energy demand. Read more...
Standards, Supply Chains, and International Trade

Sn.astm.org, July 30, 2021: We’ve all become more sensitized to the need for increasing supply-chain resiliency in the wake of COVID-19, but supply chain disruptions due to a variety of causes — labor issues, bankruptcies of major players, weather events, accidents at terminals and at sea, cyber attacks — are quite common. With President Biden’s February 2021 executive order on America’s supply chains, supply chain resiliency has become one of the top policy issues in Washington, D.C., and the administration is developing a whole-of-government approach that includes providing incentives to rebuild U.S. supply chains in key sectors and industrial bases such as energy, defense, public health, and transportation. Read more...
Shell Invests in the Whale Development in the Gulf of Mexico

Shell.com, July 26, 2021: Whale will be the second Shell-operated deep-water development in the Gulf of Mexico to employ a simplified, cost-efficient host design. With this development approach, Shell anticipates an internal rate of return estimated to be greater than 25%. Our Whale development will feature energy-efficient gas turbines and compression systems. This development will be the latest addition to our Gulf of Mexico portfolio where our production is among the lowest greenhouse gas (GHG) intensity in the world for producing oil. Read more...
ExxonMobil Announces Oil Discovery at Whiptail, Offshore Guyana

Corporate.exxonmobil.com, July 28, 2021: ExxonMobil today said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which has encountered 167 feet (51 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling continues at both wells to test deeper targets, and results will be evaluated for future development. 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
Arctic LNG-2 to Attract Loans Worth 9.2bn Euros

Russiabusinesstoday.com, July 28, 2021: For the Arctic LNG-2 project, NOVATEK will attract loans worth more than 9.2 billion euros, the company reported in its financial statements, Russian media writes. The “Arctic LNG-2” company signed a deal back in April 2021, with a syndicate of Russian banks. Those banks are VEB, Sberbank, Gazprombank, and Otkritie Bank, obliging to provide a credit line of 3.11 billion euros for 15 years. Read more...
McDermott Wins Baltic Chemical Project

Rigzone.com, July 26, 2021: Heat Transfer Technologies DMCC (HTT) has awarded McDermott International Ltd. an engineering and procurement contract for a licensed modular spent caustic unit for the world’s largest polyethylene (PE) integration project, McDermott reported last week. Baltic Chemical Plant LLC, a unit of RusGazDobycha, owns the Gas Chemical Complex (GCC) project near Russia’s shores in the Gulf of Finland, McDermott noted in a written statement emailed to Rigzone. Read more...
Rosatom Plans to Build First Wind Power Plant Abroad by 2024

Interfax.com, July 29, 2021: Rosatom state atomic energy corporation expects to build its first wind-farm power plant abroad by 2024, CEO Alexei Likhachev said in a statement posted on the state company's website. Likhachev recalled that Rosatom's portfolio of wind-farm projects is 1.2 GW in Russia until 2024, and he said that the state company plans to bring domestic orders for wind power plants up to 3 GW to 4 GW going forward. Read more...
US Economy Returns to Pre-Pandemic Level; Labor Market Healing

Business-standard.com, July 29, 2021: The U.S. economy grew solidly in the second quarter, pulling the level of gross domestic product above its pre-pandemic peak, as massive government aid and vaccinations against COVID-19 fueled spending on goods and travel-related services. Read more...
OMV CEO Says First Gas to Be Pumped via Nord Stream 2 in 2021

1prime.biz, July 28, 2021: Gas pumping through Russia’s Nord Stream 2 pipeline may start as early as in 2021, Rainer Seele, CEO of Austria’s OMV, said in a news conference on Wednesday. “The CEO (of Nord Stream 2 AG) said that construction works will be finished at the end of August. That is why we believe that gas may be pumped this year,” he said. Earlier in July, Nord Stream 2 AG CEO Matthias Warnig said that the company planned to finish pipe laying at the end of August. The project is 98% finished, and construction of the first thread has been concluded. Tests and certification of the pipeline will take two to three months, and the work for the first thread has started. Read more...
Russian Energy Ministry to Put Forward Gasoline Export Ban Proposal Soon — Official

Tass.com, July 30, 2021: The Russian government is viewing an idea of temporary restrictions for gasoline export to stabilize the domestic market situation. The Energy Ministry can put forward its proposals in the near future, Deputy Prime Minister Alexander Novak told reporters on Friday. Read more...
Russia to Build First LNG-powered Icebreakers for Arctic Sea Route

Reuters.com, July 23, 2021: Russia plans to build its first batch of icebreakers that are powered by liquified natural gas, a top official said on Friday, returning to an idea that was put on hold. Russia has the world's only fleet of nuclear-powered icebreakers. It is building up that fleet, hoping to develop the Northern Sea Route across its northern flank into an international shipping lane as climate change melts the ice. Read more...
PM Says Government Can Introduce Free Customs Zone on Kuril Islands

1prime.biz, July 26, 2021: The government is discussing introduction of the free customs territory regime on Russia’s easternmost Kuril Islands, Prime Minister Mikhail Mishustin said on July 26 during his visit to the region. The prime minister also said that such a special economic regime could be interesting for foreign investors. Read more...
 Houston-Tyumen Sister Cities
Tyumen and Moscow Will Be Connected by a Toll Highway: How Will the New M-12 Highway Go

72.ru, July 28, 2021: President Vladimir Putin baffled the "road" officials with a sudden proposal to extend a new highway M-12 not only to Yekaterinburg and Tyumen, but also to Chelyabinsk, closing in a ring. The construction of a high-speed highway connecting Moscow with the eastern outskirts of the Urals has already begun. Part of the route may be toll. Read more...
CIS Business News
New Investment Projects in Akmola Region Take Off, Bright Prospects For Future

Astanatimes.com, July 28, 2021: Akmola Region Governor Yermek Marzhikpaev delivered the report outlining main social and economic indicators of the region, investment projects in agriculture, tourism, mining and metallurgical complex, mechanical engineering, construction industry, and energy. Tokayev, in turn, spoke about the tasks that the region has yet to fulfill. Read more...
PM Wants Economic Growth in All Belarus' Regions

Eng.belta.by, July 29, 2021: Each region of the country should show high-quality economic growth, Prime Minister Roman Golovchenko said at a meeting hosted by the Gomel Oblast Executive Committee to take stock of the region's social and economic development in January-June 2021, BelTA has learned. Read more...
Azerbaijan Ready to Implement Experience of US Companies on 'Smart Technologies' - Minister

Azernews.az, July 29, 2021: Azerbaijan is ready to apply the experience of the US companies in the field of ‘smart technologies’, Minister of Transport, Communications and High Technologies of Azerbaijan Rashad Nabiyev said, Trend reports. Nabiyev made the remark during a meeting with the US delegation led by Oklahoma Governor Kevin Stitt. Read more...
US-Russia Related News in Russian
◾ Новости недели
Цены на Нефть Ускорили Рост на Данных о Запасах в США

Interfax.ru, Июль 29, 2021: Цены на нефть ускорили рост в четверг, продолжая повышаться на данных о снижении запасов энергоносителей в США. Стоимость сентябрьских фьючерсов на нефть Brent на лондонской бирже ICE Futures к 14:58 по московскому времени в четверг составила $75,19 за баррель, что на $0,45 (0,60%) выше цены на закрытие предыдущей сессии. В определенный момент торгов фьючерсы на Brent выросли до около $75,5 за баррель, максимального значения с 13 июля. Читать далее...
Импорт Нефтепродуктов из России в США Вырос на Фоне Роста Цен

Gazeta.ru, Июль 30, 2021: За пять месяцев 2021 года более чем на три четверти увеличился импорт российских нефти и нефтепродуктов в США. C января по май 2021 года импорт минерального топлива, нефти и нефтепродуктов из России в США вырос на 78% — с $3,8 до $6,7 млрд — по сравнению с тем же периодом прошлого года. Читать далее...
«Росатом» Аккумулирует Литий

Kommersant.ru, Июль 29, 2021: Холдинг АРМЗ (горнорудный дивизион «Росатома») рассматривает возможность добычи литиевых соединений в Мурманской и Иркутской областях, сообщили “Ъ” источники, знакомые с ситуацией, и подтвердили в АРМЗ. Инвестиции в российские литиевые проекты оцениваются в сумму свыше 50 млрд руб., точный объем будет актуализироваться по ходу реализации проектов, пояснил “Ъ” директор по развитию бизнеса АРМЗ Руслан Димухамедов. Рассматривается также разработка месторождений в Южной Америке и на других территориях, отметил господин Димухамедов. Читать далее...
Реальные Доходы Россиян Выросли Впервые с Начала Пандемии

Rbc.ru, Июль 28, 2021: Росстат отчитался об увеличении реальных располагаемых доходов россиян во втором квартале 2021 года на 6,8%. Это рост ко второму кварталу прошлого года, ставшему низшей точкой падения доходов в пандемию. Читать далее...
Под Калининградом Построят Крупнейший Завод для Солнечной Энергетики

Ria.ru, Июль 29, 2021: Строительство крупнейшего в России завода по производству оборудования для солнечной энергетики началось в индустриальном парке "Черняховск" в Калининградской области. Предприятие будет выпускать преимущественно на экспорт кремниевые пластины и ячейки. Объем инвестиций оценивается в 24,7 миллиарда рублей. После выхода на проектную мощность калининградский завод "ЭнКОР Групп" станет крупнейшим производителем оборудования для солнечной энергетики в Европе. 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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