October 2021 | ISSUE No. 344 | USRCC Business Newsletter
USRCC Activities
On October 5, 2021, the USRCC hosted its "Gridlock in the Global Supply Chain" Webinar, moderated by Anton Posner, Chief Executive Officer, The Mercury Group and Mercury Resources LLC; North East Chapter Chair and New York Representative, U.S.-Russia Chamber of Commerce.

Over 170 registrants from U.S.A., Russia and CIS countries were engaged in discussion of the long-term challenges facing the global supply chain, such as supply chain disruptions, decreasing supply chain costs, advantages of digitalization of supply chain management, and many others.

Brian Hesse, President and CEO, Rusal America Corporation, Scott Bergeron, Director of Business Development & Strategy, Oldendorff Carriers GmbH & Co. KG, Robin Martin, Head of Market Development, London Metal Exchange, Scott Evans, Co-founder, Waybridge, shared their thoughts and experience with the audience.

The Webinar audience was engaged in the moderated Q&A session and addressed questions regarding alternative fuel usage, expectations for the global dry bulk shipping market, supply chain risk management, digitalization of supply chain management, commodities global supply chain projections, meeting consumer demands, expectations for supply chain efficiency and many others.

The USRCC thanks the Bronze Sponsor of the event -
The Mercury Group!


"Participating in the Gridlock in the Global supply chain webinar was one of the best I’ve been a part of!" Brian Hesse, President and CEO, Rusal America Corporation.

"The USRCC’s timely “Gridlock in the Global Supply Chain” webinar was a fantastic opportunity to exchange perspectives on the supply chain disruptions that are effecting all of us." Scott Bergeron, Director of Business Development & Strategy, Oldendorff Carriers GmbH & Co. KG.

"The USRCC organized a really stimulating discussion and it was great to gather new insights from my fellow panelists." Robin Martin, Head of Market Development,
London Metal Exchange.

"I thought the speakers were respectful of each other and referred to the comments of other speakers that they felt were relevant." Brittany Hamilton, Business Development Consultant, The Mercury Resources.

"Good, timely and thoughtful comments regarding the current climate of global logistics." Larry Bajmakovich, Sales Manager, BDG International.

"This was an excellent panel of acknowledged industry expert practitioners, a refreshing change from theorists and academic analysts." Simon Maddocks, Private Consultancy Consultant.

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
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 Increases Its Share in the Shah Deniz Project in the Caspian Sea

Lukoil.com, October 7, 2021: ​PJSC LUKOIL announces conclusion of an agreement on acquiring 15.5% interest in the Shah Deniz natural gas project in the Azerbaijan sector of the Caspian Sea from PETRONAS. The value of the transaction will amount to $2.25 billion, and the completion is subject to fulfilment of conditions precedent, including approval by SOCAR, the State Oil Company of the Azerbaijan Republic. Read more...
Documents Signed to Develop Sci-tech Cooperation and Standardization

Gazprom.com, October 7, 2021: A number of documents relating to the development of scientific & technical cooperation and standardization were signed today at St. Petersburg International Gas Forum 2021. Gazprom and TMK signed a scientific and technical cooperation program for another five-year period spanning from 2021 to 2025. Read more...
ExxonMobil Increases Stabroek Resource Estimate to Approximately 10 Billion Barrels

Corporate.exxonmobil.com, October 7, 2021: The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total significant discoveries to more than 20 within the Stabroek Block. The Cataback-1 well encountered 243 feet (74 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs. It is located approximately 3.7 miles (6 kilometers) east of Turbot-1 and was drilled in 5,928 feet (1,807 meters) of water by the Noble Tom Madden. 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
Petrofac Eyes Russian Expansion via Gazprom Deal

Energyvoice.com, October 7, 2021: The services company signed the deal with Gazprom’s Institute of Oil and Gas Technology Initiatives (INTI). The memorandum of co-operation (MoC) will run for five years. The agreement will see the two sides collaborating on industry standardisation and sustainable development, Petrofac said. It noted that Russia’s energy sector aims to work with international companies, to expand domestically and abroad. Read more...
Russia Drafts New, More Ambitious Decarbonization Strategy

Reuters.com, October 6, 2021: The Russian government has drafted a new decarbonisation strategy that sets a 2060 net zero emissions target and provides for more aggressive measures to tackle emissions than previously, the Kommersant newspaper reported on Wednesday. The European Union, Britain and Italy last week urged Russia to commit to reach net zero carbon dioxide emissions by 2050 and step up its plans to tackle climate change ahead of the COP26 summit. Read more...
Oil Prices Dive on Increasing U.S. Crude Inventories

Worldoil.com, October 6, 2021: Oil declined by the most in two weeks in the wake of growing U.S. inventories and after Russia signaled it is ready to help ease a global energy crisis. Futures in New York slid 1.9% on Wednesday and extended declines late in the session after the Financial Times reported that the U.S. is raising the prospect of releasing emergency oil reserves. Prices were weaker with U.S. government data showing growing crude stockpiles and amid Russian President Vladimir Putin’s indications that the country will ramp up gas exports to stabilize energy markets. Read more...
Russian Econ Ministry's Peter Bobylev Appointed as Fifth Dep Energy Minister

Interfax.com, October 4, 2021: Peter Bobylev, who headed the Russian Economic Development Ministry's Department for Competition, Energy Efficiency, and Environment, has become the fifth deputy energy minister following the departure of Anatoly Yanovsky. The Energy Ministry's press service said that Bobylev had worked in various positions in the Russian Energy Ministry from 2010, prior to which he was employed as CJSC Integrated Energy Systems, OJSC OGK-4, and Surgutskaya GRES-2. Read more...
Rosneft Still Mulls State Support of Eastern Petrochemical Company

1prime.biz, October 6, 2021: Russian oil major Rosneft is still in negotiations with the Finance Ministry on reasonable state support to Eastern Petrochemical Company, CEO Igor Sechin said on Wednesday during a meeting chaired by President Vladimir Putin. In 2019, Rosneft decided to delay the project as it was unprofitable due to the oil tax maneuver. Read more...
World Bank Increases Russia’s GDP Growth Forecast to 4.3% in 2021 — Report

Tass.com, October 6, 2021: The World Bank has increased its GDP growth forecast for Russia to 4.3% in 2021, but revised downwards its forecasts for 2022 and 2023, according to the organization’s report for Europe and Central Asia. The previous World Bank forecast projected Russian economic growth to amount to 3.2% in 2021, to 3.2% in 2022 and to 2.3% in 2023. Read more...
CIS Business News
Kazakhstan to Launch 2060 Carbon Neutrality Concept in October

Astanatimes.com, October 7, 2021: Kazakhstan will launch a national 2060 carbon neutrality concept this month, said President Kassym-Jomart Tokayev during the ceremony where he received credentials from newly appointed envoys on Oct. 6, reported Akorda Press. Tokayev spoke about the country’s climate change policy and its importance in the light of the upcoming COP 26 UN Climate Change Conference in Glasgow. Read more...
Belarusian Companies Participate in Kazakhstan's Largest Petrochemical Expo

Eng.belta.by, October 5, 2021: Products made by Belarusian companies are displayed as part of the national exposition during the Kazakhstan International Oil & Gas Exhibition 2021 (KIOGE). The expo opened in Kazakhstan's capital on 5 October, BelTA has learned. Six Belarusian petrochemical companies are taking part in the expo. Read more...
Azerbaijan Launches New Mechanism to Support Businessmen

Azernews.az, October 5, 2021: The Azerbaijan Small and Medium Business Development Agency (SME) has launched another support mechanism - a video training platform, Trend reports citing the agency. The purpose of the mechanism is to expand the knowledge and awareness of citizens who wish to engage in entrepreneurial activity, as well as micro, small and medium businesses. More precisely, the platform is designed to empower businessmen in learning and education and speed up the adoption of the best experiences in business. Read more...
US-Russia Related News in Russian
◾ Новости недели
"Газпром нефть" и Татарстан Будут Развивать Технологии Нефтедобычи

1prime.ru, Октябрь 7, 2021: "Газпром нефть" заключила соглашение о сотрудничестве с Татарстаном в сфере развития технологий нефтедобычи и реализации нефтегазовых проектов, сообщила компания. "Газпром нефть" и республика Татарстан заключили соглашение о сотрудничестве в развитии технологий повышения нефтеотдачи и реализации нефтегазовых проектов. Документ подписали председатель правления компании Александр Дюков и президент республики Рустам Минниханов", — говорится в сообщении. Читать далее...
«Сибур» Завершил Объединение с ТАИФ

Rbc.ru, Октябрь 4, 2021: «Сибур» закрыл сделку по приобретению 100% татарской ТАИФ, разместив биржевые облигации совокупным объемом $3 млрд. Об этом со ссылкой на пресс-службу холдинга сообщает «Интерфакс». Читать далее...
Маск Объявил о Переносе Штаб-квартиры Tesla из Калифорнии в Техас

Kommersant.ru, Октябрь 8, 2021: Штаб-квартира Tesla будет перенесена из Пало-Альто (штат Калифорния) в Остин (штат Техас), заявил глава компании Илон Маск на встрече с акционерами. Причины такого решения господин Маск не пояснил. В мае прошлого года Илон Маск уже заявлял о планах перенести штаб-квартиру Tesla из Калифорнии в Техас или Неваду. Заявление прозвучало после того, как автоконцерну не разрешили возобновить работу фабрики во Фримонте из-за пандемии коронавируса. Читать далее...
"Газпром" Повысил Прогноз Цены Экспорта Газа в 2021 году до $295-330 за тыс. куб. м

Tass.ru, Октябрь 8, 2021: "Газпром" повысил прогноз средней цены экспорта газа в 2021 году до $295-330 с ранее ожидаемых $269,6 за тыс. куб. м, говорится в отчете инвесткомпании Sova Capital по итогам вебинара по европейскому рынку газа, который провел "Газпром". Читать далее...
Инвестиции в Будущее: ЛУКОЙЛ Вложит до 300 млрд Рублей в Нефтехимический Кластер на Каспии

Gazeta.ru, Октябрь 7, 2021: В Буденновске президент ПАО «ЛУКОЙЛ» Вагит Алекперов и и.о. первого заместителя Председателя Правительства Ставропольского края Андрей Хлопянов приняли участие в церемонии закладки первого камня строительства газоперерабатывающей установки на нефтехимическом заводе Ставролен. Глава компании сообщил, что совокупные инвестиции в комплексное развитие нефтегазохимической цепочки на Каспии могут достичь 300 млрд рублей. ЛУКОЙЛ также рассматривает возможность создания газохимического производства на базе каспийского газа. Читать далее...
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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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