August 2021 | ISSUE No. 338 | USRCC Business Newsletter
USRCC Upcoming Events
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 – 9:00 am (CST)  | 16:00 – 17:00 (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


Vice President, 
Central Project Management 
ExxonMobil Global Projects 

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
Lukoil to Build Catalytic Cracking Complex at Perm Refinery, August 20, 2021: PJSC LUKOIL announces the start of a catalytic cracking complex construction project at the Perm refinery. The project is implemented under an agreement with the Ministry of Energy of the Russian Federation on providing an investment incentive as part of the negative excise tax on refinery feedstock until January 1, 2031. Read more...
ASTM International Standard Will Be Adopted into the International Fire Code, August 24, 2021: An ASTM International standard practice for inflatable amusement devices, published by the amusement rides and devices committee (F24), will be adopted into the 2024 International Fire Code (IFC) by the International Code Council (ICC). The standard (F2374) establishes criteria for the design, manufacture, installation, operation, maintenance, and inspection of commercial use inflatable amusement devices. These devices are designed for patron activities that include, but are not limited to, bouncing, climbing, sliding, obstacle course running, and interactive play. Read more...
ExxonMobil Affiliate to Produce Renewable Diesel to Help Reduce Transportation Emissions in Canada, August 25, 2021: ExxonMobil today announced its majority-owned affiliate, Imperial Oil Ltd., is moving forward with plans to produce renewable diesel at a new complex at its Strathcona refinery in Edmonton, Canada. When construction is complete, the refinery is expected to produce approximately 20,000 barrels per day of renewable diesel, which could reduce emissions in the Canadian transportation sector by about 3 million metric tons per year. The complex will utilize locally grown plant-based feedstock and hydrogen with carbon capture and storage (CCS) as part of the manufacturing process. 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
FAS to Check Metal Companies for Collusion on Prices for Rebar, August 26, 2021: The Federal Antimonopoly Service (FAS) is checking the largest Russian manufacturers of valves for possible collusion, which has led to an increase in prices, Russian media reported. Checks are being carried out at NLMK, Novostal-M, Tulachermet-Stal, and PMH, FAS stated. Read more...
Oil Heads for Biggest Weekly Gains in Over a Year Ahead of Storm Ida, August 27, 2021: Oil prices rose more than 2% on Friday and were on track for their biggest weekly gains in over a year as energy firms began shutting production in the U.S. Gulf of Mexico ahead of a major hurricane expected to hit early next week. Read more...
Rosatom Could Ask for National Wealth Fund Money for Lithium Projects, August 23, 2021: Rosatom is thinking of requesting National Wealth Fund money for lithium projects, Alexei Likhachev, the state nuclear corporation's chief, said at the Army 2021 forum in Kubinka outside Moscow. Rosatom is very actively involved in rare and rare earth metals. In this case they have singled out lithium, because of the impetus it gives to energy storage. Anything to do with big commercial and household energy storage is most highly sought-after on the Russian and global markets. Read more...
Novatek Says Can Ship LNG via Northeast Passage 9–10 Months/Year, August 24, 2021: Russian gas producer Novatek can now guarantee shipments of liquefied natural gas via the eastern route of the Northeast Passage nine to 10 months per year, Deputy CEO Yevgeny Abrosimov said on Wednesday. He said that the company sees establishment of a year-round delivery on the route important and will likely start it in 2024. Read more...
Carbon Taxes Could Hurt Russia More than Sanctions, Says Oil Tsar, August 23, 2021: Igor Sechin, chief of oil giant Rosneft, has told the Kremlin that carbon border taxes like the European Union's could inflict far greater damage to Russia's economy than sanctions, the Kommersant newspaper reported on Monday. Read more...
Oil Rises toward $72 on US Demand Picture: Market Wrap, August 26, 2021: Brent crude climbed toward $72 a barrel on Wednesday following a two-day rally that added about 8 percent to the international benchmark, as EIA data showed US fuel demand at the highest level since before the pandemic. Russian oil output has dropped so far in August after a fire at Gazprom’s West Siberian processing plant forced the company to cap production in the area. Read more...
 Houston-Tyumen Sister Cities
The Forum in Tyumen Will Consider the Issues of Energy Transition and "Green" Energy, August 26, 2021: Within the framework of the forum, an exhibition will be held at which 66 organizations will present their developments and technologies. Energy transition and green energy issues will become key issues at the Tyumen Oil and Gas Forum (TNF) this year. This was reported in the press service of the forum on Thursday. Read more...
CIS Business News
Global Goals Exhibit Opens at Nur-Sultan’s Airport, August 26, 2021: The exhibition featuring art installations devoted to the Sustainable Development Goals (SDGs) was opened on Aug.18 at the Nursultan Nazarbayev International airport in the Kazakh capital, reported the Institute of Economic Research. Read more...
IMF Awards $1Bln Reserves to Belarus Despite Fierce Opposition, August 23, 2021: The International Monetary Fund (IMF) has allocated Belarus almost $1 billion in reserve funds as part of the body’s unprecedented program to support the global economy as it emerges from the coronavirus pandemic, the IMF said Monday. Read more...
Azerbaijan to Establish Energy Efficiency Fund, August 20, 2021: Energy Efficiency Fund will be created in Azerbaijan in order to stimulate and promote measures for the rational use of electricity and energy efficiency, the law ‘On rational use of energy resources and energy efficiency’, approved by President Ilham Aliyev. Read more...
US-Russia Related News in Russian
◾ Новости недели
Международные Резервы России за Неделю Выросли на $1,8 млрд, Август 26, 2021: Резервы выросли в результате операций по покупке иностранной валюты в рамках бюджетного правила, а также положительной переоценки. Читать далее...
"Америка Даст Сигнал". Какой Сценарий Ждет Рубль Этой Осенью, Август 26, 2021: Осень-2021 ожидается неспокойной для рубля. Практически все лето он опирался на поддержку нефти и текущий счет платежного баланса, но теперь готовится к ожидаемому решению ФРС США по сокращению программы количественного смягчения QE. Это один из главных риск-факторов для рубля осенью, полагают аналитики, опрошенные "Прайм". Пока доллар не угрожает рублю резкими колебаниями, но все может измениться уже в эту пятницу. Читать далее...
Силуанов: Экономика Быстро Восстанавливается, Доходы Бюджета Растут, Август 24, 2021: Российская экономика развивается более быстрыми темпами, чем ожидало правительство. "Бюджет пополняется более высокими объемами доходов. В этом году мы оцениваем дополнительные доходы плюс-минус 1,6-1,7 трлн руб.", – заявил глава Минфина Антон Силуанов. Читать далее...
Вредным Выбросам в России Предложено Поглотиться Естественным Путем, Август 25, 2021: Минэкономики решило не включать обязательную плату за выбросы СО2 в базовый сценарий стратегии низко углеродного развития РФ до 2050 года. По мнению министерства, стране удастся добиться снижения нетто-эмиссии парниковых газов на 25% от уровня 2019 года в основном за счет их поглощения лесами и болотами. Сокращение выбросов произойдет только в электроэнергетике и ЖКХ. Читать далее...
Глава Росприроднадзора Назвала Фейком Экологические Отчеты Корпораций, Август 26, 2021: Руководитель Росприроднадзора Светлана Радионова на выездном заседании Научно-технического совета ведомства заявила журналистам о несоответствии действительности экологических отчетов бизнеса. 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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