September 2021 | ISSUE No. 339 | USRCC Business Newsletter
Happy Labor Day
to all our Members and Partners!
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 – 10:30 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 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
Two Billion Tonnes of Oil Produced at Lukoil’s Fields in West Siberia, August 31, 2021: LUKOIL produced today the 2-billionth tonne of oil since the beginning of commercial development of West Siberian fields. This milestone event took place on the cusp of the Company's 30th anniversary. The first billionth tonne of oil was produced in the region in 1999. Nowadays, LUKOIL operates at 120 licence blocks in West Siberia, whose combined area amounts to around 80 thousand square km. Read more...
Shell Commits to Investment on Timi, its First Offshore Wellhead Platform in Malaysia to be Powered by Solar and Wind, August 30, 2021: The Timi field is situated approximately 200 kilometres (km) off the coast of Sarawak, in Malaysia. The Timi development features SSB’s first wellhead platform in Malaysia that is powered by a solar and wind hybrid renewable power system. This unmanned platform is approximately 60% lighter than a conventional Tender Assisted Drilling (TAD) wellhead platform. This project also includes the drilling of two wells. Read more...
Sulzer Mixpac’s Continuing Sustainability Drive Receives EcoVadis Award, August 31, 2021: Sulzer Mixpac has achieved an EcoVadis Silver Rating during the first assessment of its site in Hungerford, UK. A leading provider of liquid application and mixing technologies, Sulzer Mixpac is taking action to minimize its CO2 footprint and improve sustainability. The latest assessment is part of a wider strategy to reduce its carbon emissions by 30% compared to 2019 and follows on from an EcoVadis Silver rating for its facility in Haag, Switzerland. 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
Gazprom Profits Leap in Second Quarter, August 30, 2021: Russian energy giant Gazprom said Monday its second quarter earnings had more than tripled year-on-year, driven by high natural gas prices. The state-controlled group reported a net profit of 521.2 billion rubles ($7 billion) in the second quarter, a three-fold increase when compared to the same period in 2020. 
Russia Was Second Biggest Petroleum Exporter to U.S. in June 2021, September 1, 2021: According to the U.S. Energy Information Administration (EIA), Russia ranked second in total petroleum shipments to the U.S. in June 2021, with deliveries totalling 25.43 million barrels, TASS reports. Canada leads the list of petroleum exports to the United States in June, with 137.57 million barrels, followed by Mexico (23.65 mln barrels). Read more...
Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas, August 30, 2021: State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom acting as an export agent, Russian newspaper Kommersant reports, citing a letter which Rosneft’s boss has sent to Putin. Read more...
Ten-year Tax Breaks to be Introduced in Kurils for Both Russian and Foreign Investors - Putin, September 3, 2021: A preferential tax regime will be introduced in the Kuril Islands for ten years and it will be available to both Russian and foreign investors, President Vladimir Putin said at the Eastern Economic Forum (EEF). "We will create an unprecedented package of preferences and incentives in the Kuril Islands, where we will completely exempt businesses from paying key taxes: on profit, on property, the land and transport tax. And for ten years. I stress that this refers to companies that not just register in the Kurils, but actually work on the islands, build buildings, enterprises, hire employees. Reduced insurance contributions in the amount of 7.6% will also be set for such companies, also for ten years," Putin said. Read more...
Iraq: Lukoil Plans to Ramp up Oil Output at West Qurna 2 Field, August 30, 2021: Lukoil had previously considered quitting the project in the country due to the current investment climate, but Iraqi authorities refused its request to sell part of its stake. Production at West Qurna 2 in the second quarter was 50,000 b/d lower than the project capacity due to the OPEC+ agreement, Lukoil said. Read more...
Novatek Plans to Find Financing for Arctic LNG-2 Project This Year, Says CEO, September 3, 2021: Russian independent gas producer Novatek plans to complete its search for financing for the Arctic LNG-2 project this year, the company’s CEO Leonid Mikhelson told reporters on the sidelines of the Eastern Economic Forum. Read more...
 Houston-Tyumen Sister Cities
Carbon Test Site Opened on the Basis of Tyumen State University, August 30, 2021: The opening of the carbon test site took place at Tyumen State University, a TASS correspondent reports. The carbon test site is a territory with a unique ecosystem for the development and testing of technologies for remote and ground control of greenhouse gas emissions and other parameters significant for climate change in forest zones and agricultural lands. Read more...
CIS Business News
UNCTAD World Investment Report: Kazakhstan Ranks 1st in Growth of net FDI Among Transition Economies, August 31, 2021: Data in the «World Investment Report» of the United Nations Conference on Trade and Development (UNCTAD) has shown that despite the negative impact of the COVID-19 pandemic on the global economy, Kazakhstan in 2020 showed the largest increase in net foreign direct investment among 17 countries with a transition economy and 34 landlocked countries, the Kazakh MFA’s press service reports. Read more...
Plans to Increase Use of Local Fuels in Belarus, September 2, 2021: Belarus will be increasing the share of local fuels in its fuel and energy mix, Belarusian Deputy Energy Minister Olga Prudnikova said during a press tour to mark the Day of Oil, Gas and Fuel Industry Workers, BelTA learned from the press service of the Energy Ministry. Read more...
Schneider Electric Powers Azerbaijan’s Absheron Gasfield, September 2, 2021: Schneider Electric is providing a range of technologies that will power the offshore facilities at Absheron, Azerbaijan’s latest gas field. The solution, called “E-House”, will combine power and control equipment together in a compact design for a safe and reliable electricity supply and was delivered in August 2021.  Read more...
US-Russia Related News in Russian
◾ Новости недели
Иностранные Туристы Смогут Оформить Многократные Визы в Россию на Срок до Шести Месяцев, Сентябрь 3, 2021: Премьер-министр РФ Михаил Мишустин подписал постановление о выдаче иностранным туристам многократной туристической визы на срок до шести месяцев. Соответствующий документ опубликован в пятницу на официальном интернет-портале правовой информации. Читать далее...
Греф Прокомментировал Возможность Альянса Крупных Компаний в России, Сентябрь 3, 2021: ВЭБ, "Газпромнефть", СУЭК и издательство "Просвещение" готовы войти в создаваемый в России ESG-альянс, заявил глава Сбербанка Герман Греф. Греф в пятницу предложил создать в России ESG-альянс бизнеса и провести первую конференцию его учредителей в октябре. По его словам, такого рода объединение необходимо, чтобы взаимодействовать с правительством страны и на международном уровне, чтобы обсуждать дальнейшие перспективы и планы, в том числе в энергетической стратегии. Читать далее...
Сбербанк и ГПБ Планируют Увеличить Финансирование Проекта "Арктик СПГ 2", Сентябрь 3, 2021: Газпромбанк (ГПБ) готов увеличить финансированиепроекта "Арктик СПГ 2", достиг договоренности об этом с ПАО "НОВАТЭК", сообщил "Интерфаксу" представитель кредитной организации. "Газпромбанк готов увеличить финансирование проекта "Арктик СПГ 2", о чем с компанией "НОВАТЭК" уже достигнуты соответствующие договоренности. Объем дополнительного финансирования будет обнародован после завершения всех необходимых формальных процедур", - заявил собеседник агентства. Читать далее...
Россия к Октябрю Восстановит 65% Сокращенной в 2020 Году Добычи Нефти, Сентябрь 1, 2021: Россия в сентябре и октябре может восстановить добычу нефти еще по 100 тыс. баррелей в сутки, сообщил вице-премьер Александр Новак. По соглашению ОПЕК+ Россия в мае 2020 года сократила добычу на 2 млн баррелей в сутки. К октябрю страна может восстановить добычу на 1,3 млн баррелей, а к маю выйти на докризисный уровень. Читать далее...
"Роснефть" Вышла из Капитала "Томскнефти", Сентябрь 3, 2021: "Роснефть" снизила долю в "Томскнефти" с 50% до 0%, сообщается в сущфакте "Роснефти". Дата, когда у эмитента произошло прекращение владение долей, - 31 августа. "Роснефть" и "Газпром нефть" стали акционерами "Томскнефти" на паритетных началах в 2007 году в рамках распродажи активов ЮКОСа. Оператором "Томскнефти" стала "Роснефть". 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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