August 2021 | ISSUE No. 335 | 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 | 
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 |

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
Second Oil Finding at Block 10 in Mexico, August 2, 2021: PJSC LUKOIL (hereinafter – the Company) announces a new oil finding in the Sayulita prospecting area of Block 10 offshore Mexico following the drilling of an exploratory well. According to preliminary estimates, the initial geological resources of the new accumulation may contain up to 200 Mboe in place. Read more...
Proposed ASTM Standard Would Support Small Aircraft Structure Evaluation, August 4, 2021: A proposed ASTM International standard would address requirements to evaluate small aircraft components as low stress structures. ASTM’s general aviation aircraft committee is developing the proposed standard. The proposed standard (WK61232) would address requirements for users to designate aircraft components as low stress structures, allowing the user to forgo certain structural durability assessments that are required as part of the ASTM standard specification that covers structural durability for small aeroplanes (F3115). Read more...
Libra Consortium Takes Final Investment Decision on Mero-4 FPSO in Brazilian Pre-Salt, August 2, 2021: This is the fourth production system to be deployed in the Mero field. Final investment decisions were previously taken for the Mero 1, Mero 2 and Mero 3 FPSOs. Each unit has a daily operational capacity rate of 180,000 barrels of oil/day. The Pioneiro de Libra FPSO (50,000 barrels of oil/day) has been producing at Mero since 2017 and is a key source of information for the Libra consortium to aid further development and optimize productivity of the field, reservoir and wells. Read more..., July 30, 2021: Exxon Mobil Corporation today announced estimated second-quarter 2021 earnings of $4.7 billion, or $1.10 per share assuming dilution, compared with a loss of $1.1 billion in the second quarter of 2020. Second-quarter capital and exploration expenditures were $3.8 billion, bringing the first half of 2021 to $6.9 billion, which is consistent with planned lower activity in the first half of the year. 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:
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  
call 713.429.4680
This Week in Review
Russia Takes Second Place in Petroleum Exports to U.S., July 31, 2021: According to the U.S. Energy Information Administration (EIA), Russia ranked second in total petroleum shipments to the United States in May 2021, with record-breaking deliveries totaling 26.17 million barrels. The previous high was achieved in May 2009, when Russia shipped 25.08 million barrels of crude oil and petrochemicals to the United States, TASS reports. Read more...
Russia Oil and Condensate Output Rises, August 3, 2021: Russia increased oil production in July for the first time in three months, after more generous quotas were extended to the entire OPEC+ alliance. Producers pumped 44.24 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That’s about 10.46 million barrels a day, or 0.3% higher than in June, Bloomberg calculations show, based on a 7.33 barrels-per-ton conversion rate. Read more...
Russia, U.S. to Continue Working Together at ISS after 2024 - Roscosmos, August 4, 2021: Russia will continue to work with international partners at the International Space Station (ISS) after 2024, Roscosmos Executive Director for Manned Programs Sergei Krikalev said. "The expediency of continuing the flight after 2024 is being discussed. We have had numerous debates on how cosmonautics will be developing in the low circumterrestrial orbit. It becomes obvious that we will continue to work together, in particular at the ISS, after 2024," Krikalev said in an interview with the Rossiya-24 television channel (VGTRK). Read more...
Russia Starts Operation to Lay Undersea Fibre Optic Cable through Arctic, August 6, 2021: Russia on Friday begins laying its first undersea fibre optic communications cable through the Arctic as part of a state-run project to bring high-speed internet to its remote hydrocarbon-rich north after a private-led initiative stalled. Talks are being held with companies in Asia, Europe and the United States. Read more...
Gazprom Dobycha Yamburg Plans 2021 Gas Production at 156 bcm, August 4, 2021: Gazprom Dobycha Yamburg, the largest subsidiary of Russian gas giant Gazprom, plans to produce 156 billion cubic meters (bcm) of natural gas and 3.3 million tonnes of gas condensate in 2021, CEO Oleg Arno told reporters on Wednesday. Annual production for 2021 is planned at 156 billion cubic meters (of gas) and 3.3 million tonnes of gas condensate. Read more...
Faster Global Warming Will Require Revision of International Agreements — Expert, August 4, 2021: Russian presidential representative for digital and technological development Dmitry Peskov stressed that global climate change directly affected Russia's territory, which required the government's active involvement in the international climate agenda. Read more...
Russia Plans to Subsidise Electric Cars to Spur Demand, August 4, 2021: Russia plans to subsidise the purchase of domestically manufactured electric vehicles (EVs) to stimulate demand and production, the country's economy ministry said on Wednesday. The use of electric cars in the oil and gas producing country has lagged far behind Europe and no EVs are made in Russia, but the government has ambitious production plans and is considering the financial stimulus to boost the sector. Read more...
Hevel Wants to Auction 717.4 MWh of Solar Power, August 4, 2021: Avalar Solar Technology, affiliate of Russian solar power company Hevel, wants to sell 717,400 megawatts per hour (MWh) of electric power at an open auction, business daily Kommersant reported on Wednesday citing the documents. The company will accept bids from Monday until Friday. The minimum premium amounts to 80 rubles per MWh, which is about 5% of the market price. The company with the highest bid will win the auction. Read more...
 Houston-Tyumen Sister Cities
Tyumen Will Host the International Forum of Young Entrepreneurs SUP, August 3, 2021: From 20 to 22 August, the IX International Entrepreneurial Forum SUP will be held at three venues in Tyumen. The event will be COVID-free: all participants must provide a certificate of vaccination or a negative PCR test. Read more...
CIS Business News
AERC Expects Kazakhstan’s Real GDP to Continue Its Recovery, Warns About Consequences of New Coronavirus Wave, July 29, 2021: The Applied Economics Research Centre (AERC) shared its macroeconomic report on Kazakhstan on July 26, projecting the country’s 2021 real GDP growth to reach about 3.9 percent and expressing concern that the economic recovery could be affected by a new coronavirus lockdown. Read more...
Azerbaijan Boosts Natural Gas Production, Export in 1H2021, August 2, 2021: During the first half of the year, Azerbaijan increased natural gas production by 5.1 percent or 990 million cubic meters, compared to the same period of 2020. Thus, in the reported period, the country produced 20.3 billion cubic meters of gas. Read more...
Development Strategies of Belarusian Enterprises to Rely on Existing Realities, August 4, 2021: It is necessary to rely on the current realities in the course of working out strategies for developing Belarusian enterprises. Prime Minister of Belarus Roman Golovchenko made the statement as he visited the Belarusian tire manufacturer Belshina, BelTA has learned. Read more...
US-Russia Related News in Russian
◾ Новости недели
Нефтяники Предложили Свои Варианты Снижения Налоговой Нагрузки, Август 6, 2021: Специальная рабочая группа при Госдуме по налогообложению нефтяной отрасли консолидировала предложения ресурсодобывающих компаний по корректировкам режима налога на дополнительный доход (НДД). Копия свода инициатив нефтяников есть у «Ведомостей», его подлинность подтвердил участник совещания – член экспертного совета комитета по бюджету и налогам Госдумы Ольга Ануфриева. Основные инициативы следующие. Читать далее...
"Водородная Бомба". Как Россия Переживет Революцию в Энергетике, Август 6, 2021: Водород рано называть будущим мировой энергетики, однако стать ступенькой в глобальном энергопереходе он вполне может. Россия, как и другие страны, стремится "застолбить" для себя место в круге лидеров по развитию водородной энергетики, однако все упирается в отсутствие рынка и технические сложности. Читать далее...
Заправки Важнее Санкций: Почему США Нарастили Импорт Нефти из России, Август 5, 2021: Россия стала вторым по величине экспортером нефти в США, обогнав Мексику. Эксперты пояснили, что это связано с особенностью американских нефтеперерабатывающих заводов: часть из них приспособлены для того, чтобы перерабатывать тяжелое сырье для собственных нужд. Российская нефть им подходит. В будущем Россию может потеснить Венесуэла, если с нее снимут санкции. Читать далее...
«Норникель» Утроил Результаты, Август 5, 2021: Высокие цены на металлы нивелировали для «Норникеля» последствия аварии на рудниках весной и рост налоговой нагрузки. Выручка от продажи основных металлов компании выросла на треть, а EBITDA — в три раза. Читать далее...
За 5 Лет Энергоблок №6 НВАЭС Выработал Более 35 Млрд кВт*ч Электроэнергии, Август 5, 2021: Строительство инновационного энергоблока поколения «3+» Россия начала практически одновременно с Францией, США и Китаем. Однако именно энергоблок №6 Нововоронежской АЭС стал первым в мире атомным энергоблоком нового поколения, введенным в эксплуатацию. Читать далее...
Оверчук: "Одно окно" Обеспечит Максимально Комфортную Среду для Экспортеров, Август 5, 2021: Задача создаваемого "одного окна" для российских экспортеров - уйти от бумаги и сканов, обеспечив обмен данными между органами власти и создав максимально комфортную среду для бизнеса, заявил вице-премьер РФ Алексей Оверчук на торжественном открытии образовательной программы Школы экспорта РЭЦ "Экспорт регионов 2.0". 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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