September 2021 | ISSUE No. 340 | 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 – 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
Lukoil and Perm Region Sign Memorandum on Cooperation, September 8, 2021: Governor of Perm region Dmitry Makhonin and President of PJSC LUKOIL Vagit Alekperov signed today a memorandum of understanding regarding investment project of construction of catalytic cracking complex at the Perm refinery. The project will be implemented under LUKOIL's agreement with Russian Ministry of Energy on an investment increment to reverse excise tax on oil until January 1, 2031. The launch of the complex in 2026 will allow to increase production of high quality motor petrols and start production of polymer grade propylene, which will be used as feedstock for LUKOIL's petrochemical facilities. Read more...
ExxonMobil Announces Discovery at Pinktail, Offshore Guyana, September 9, 2021: ExxonMobil today said it made a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs. In addition to successful appraisal of the Turbot discovery, the Turbot-2 well encountered 43 feet (13 meters) of net pay in a newly identified, high quality hydrocarbon bearing sandstone reservoir separate from the 75 feet (23 meters) of high quality, oil bearing sandstone reservoir pay encountered in the original Turbot-1 discovery well. Read more...
ЕРС contract signed for natural gas liquefaction plant within Gas Processing Complex near Ust-Luga, September 9, 2021: RusKhimAlyans, Linde, and Renaissance Heavy Industries signed today in St. Petersburg an ЕРС contract to build a natural gas liquefaction plant within the Gas Processing Complex near Ust-Luga (GPC, part of the Complex for processing ethane-containing gas; the GPC operator is RusKhimAlyans, a joint venture of Gazprom and RusGazDobycha). The document was signed in the presence of Alexey Miller, Chairman of the Gazprom Management Committee, and Wolfgang Reitzle, Chairman of the Board of Directors of Linde. 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 Neft & Sovcomflot Partner on Northern Sea Route Efficiency, September 7, 2021: Gazprom Neft CEO Alexander Dyukov and Sovcomflot CEO Igor Tonkovidov have signed an agreement on collaborating in improving efficiency in Russian-Arctic maritime logistics under a document signed at this year’s Eastern Economic Forum. The companies’ partnership envisages the deployment of digital technologies and low-carbon-footprint marine fuels. Read more...
Construction of Nord Stream 2 Gas Pipeline Fully Completed, September 10, 2021: Construction of the Nord Stream 2 gas pipeline has been fully completed, Gazprom said in a statement. "At a morning briefing session at PJSC Gazprom, Chairman of the Management Board Alexei Miller informed those present that at 8:45 a.m. Moscow time this morning, construction of the Nord Stream 2 gas pipeline was fully completed," the statement said. The last section of the second line of the gas pipeline was welded on September 6. Read more...
Novatek Says Buys 2 Gas Fields on Yamal with 13.16 bln rbl Bid, September 8, 2021: Russian gas giant Novatek’s subsidiary Yamal LNG Resources has won an auction for the Neitinskoe and Arkticheskoye deposits in the Yamalo-Nenets Autonomous District with a total bid of 13.155 billion rubles, Novatek said in a statement on Wednesday. Read more...
U.S. Imports of Russian Oil Expected to Soar After Hurricane Ida, September 9, 2021: The United States is set to import more Russian oil this month and next, sources familiar with the matter told Bloomberg, as American supply of medium sour crudes is tight with 77 percent of U.S. Gulf of Mexico oil production still offline ten days after Hurricane Ida made landfall in Louisiana. There is increased interest from refiners for Russian crude, especially the medium sour Urals grade, which is similar to the U.S. Mars blend whose production is still offline, according to Bloomberg’s sources. Read more...
Russia’s Central Bank Hikes Rates Once More in Inflation Battle, September 10, 2021: Russia’s Central Bank has hiked interest rates to 6.75% in its ongoing battle to tame soaring inflation, which threatens to undermine the country’s economic recovery in the wake of the coronavirus pandemic. The bank announced its fourth successive rate hike Friday following a meeting of its rate-setting committee — an increase from the previous level of 6.5%. Read more...
Russian Economy Still Has Potential for Further Recovery, Says Economy Minister, September 8, 2021: The Russian economy has "recovered" after the novel coronavirus pandemic but its recovery potential has not been exhausted yet, Economic Development Minister Maxim Reshetnikov told reporters on Wednesday. He was commenting on the statement Chairman of the Accounts Chamber Alexei Kudrin made at the plenary session of the Moscow Financial Forum. Read more...
 Houston-Tyumen Sister Cities
PAO TMK: TMK Will Expand the Range of its Oilfield Services by Integrating Services Assets, September 10, 2021: TMK has integrated the oilfield services assets acquired as part of the Chelpipe deal into its dedicated TMK Oilfield Services division. The asset combination will increase the speed and efficiency of its service delivery, reduce costs and facilitate the service range expansion. TMK Oilfield Services is the management company for TMK's oilfield service assets located in the Sverdlovsk, Tyumen, Orenburg and Chelyabinsk Regions. Read more...
CIS Business News
AIFC Tech Hub Unveils Startup Ecosystem of Kazakhstan Report, September 9, 2021: The Astana International Financial Centre (AIFC) Tech Hub released the “Fintech Startup Landscape in Kazakhstan” report, the first study of Kazakhstan’s startup ecosystem, according to the press service of the AIFC. The AIFC Tech Hub was created to unite global start-ups, entrepreneurs, corporations, investors, experts, and specialists in the field of innovation. The development of fintech at the AIFC includes programs for start-up support, corporative innovations, the venture capital market, specially developed rules, and regulators that allow testing products and solutions in the field of fintech. Read more...
Russia and Belarus Agree Closer Energy, Economic Integration, Septemer 9, 2021: The leaders of Russia and Belarus on Thursday agreed to set up a unified oil and gas market and to deepen economic integration in the face of what they regard as unjustified Western sanctions on both their economies. The agreement, reached after Kremlin talks between Russian President Vladimir Putin and Belarusian leader Alexander Lukashenko, is likely to be seen as the latest show of support by Putin for Lukashenko who last year used force to break up huge protests against his rule. Read more...
Azerbaijan’s Energy Infrastructure to Make it Future Supplier of Hydrogen to Europe - US Ambassador, September 10, 2021: The energy infrastructure that Azerbaijan built will make the country a future supplier of hydrogen to the European market, the US Ambassador to Azerbaijan Lee Litzenberger said during the closing ceremony of the Advanced Regional Energy Security Symposium 2021 – the Caucasus, Trend reports. Read more...
US-Russia Related News in Russian
◾ Новости недели
Компании РФ Готовы Предложить Комплексные Решения Рынку Водородной Энергетики, Сентябрь 10, 2021: Российские компании готовы стать поставщиками комплексных решений на начальном этапе развития рынка водородной энергетики, становление которого пока ограничено недостатком инфраструктуры, продлится еще 5-7 лет. Об этом заявил заместитель председателя правления - операционный директор группы "Роснано" Михаил Ненюков в ходе панельной сессии "Цифровой и зеленый транспорт: тренды развития и агломерационный аспект" на 16-й Международной выставке коммерческих автомобилей COMTRANS 2021. Читать далее...
Минприроды Сообщило о Значительном Снижении Запасов Нефти в России, Сентябрь 10, 2021: Запасы сырой нефти в России в период с 2010 по 2020 год упали почти на треть, газа — на 27%, в то время как запасы угля практически не изменились, говорится в проекте Госдоклада Минприроды России о состоянии и охране окружающей среды за 2020 год. Читать далее...
Глава ЛУКОЙЛа Допустил Обрушение Рынка при Нефти по $100 за Баррель, Сентябрь 7, 2021: Если цена на нефть вновь взлетит выше $100 за баррель, это обрушит рынок. Об этом заявил президент ЛУКОЙЛа Вагит Алекперов. По его словам, комфортной как для потребителей, так и для страны является цена $65–75 за баррель. Алекперов отметил, что страны — участники ОПЕК+ стремятся сохранить ее за счет регулирования объемов добычи. Читать далее...
Минэкономики Готовит Льготы, Проверки и Депозитарий для Углеродных Единиц, Сентябрь 8, 2021: Минэкономики подготовило пакет документов для запуска в РФ рынка углеродных единиц: проект постановления правительства о назначении Национального расчетного депозитария оператором реестра углеродных единиц, законопроект о введении процедуры верификации результатов климатических проектов и поправки к Налоговому кодексу об освобождении от налогов оборота углеродных единиц и расходов компаний на климатические проекты. Запуск нового регулирования запланирован на 2023 год, пока прототип углеродного рынка в рамках «пилота» обкатывается на Сахалине. Читать далее...
Российская Экономика во 2-м Квартале Достигла Допандемического Уровня - ЦБ, Сентябрь 10, 2021: Во 2-м квартале 2021 года российская экономикадостигла допандемического уровня, говорится в сообщении Банка России по итогам заседания совета директоров. Оперативные индикаторы в 3-м квартале свидетельствуют о продолжающемся росте экономической активности при некотором замедлении его темпов. Это, по оценкам Банка России, в значительной мере связано с возвращением российской экономики на траекторию сбалансированного роста. При этом наблюдается некоторая неоднородность тенденций в экономике в отраслевом и региональном разрезе.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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