November 2021 | ISSUE No. 349 | USRCC Business Newsletter
USRCC Upcoming Events
USRCC’s Standardization Conference is a specialized technical conference that addresses common issues and challenges of standardization, certification and conformity assessment. 

USRCC in partnership with the Russian Union of Industrialists and Entrepreneurs (RSPP) and its Committee for Industrial Policy and Technical Regulation, invites you to attend the 4th Standardization Conference to discuss the requirements for the production and certification of hydrogen pipes.
The following questions to be discussed during the Conference:
  • Requirements for hydrogen pipes production;
  • Requirements on special pipes and pipelines for the hydrogen transportation;
  • Hydrogen pipes certification;
  • Existing standards and standards development for hydrogen pipes; and other related questions.
Tuesday, December 14th, 2021
9:00 am– 10:30 am CST (Houston) | 18:00 – 19:30 (Moscow)
Cost: complimentary
Simultaneous translation into Russian language is included.

Registration deadline: COB Monday, December 13th, 2021.
Webinar details will be provided upon registration.


Deputy Co-Chairman,
Russian Union of Industrialists and Entrepreneurs, 
Committee of Industrial Policy
and Technical Regulation

To read the full bio click here

Senior Director,
Standards Development, 
American Petroleum Institute 

To read the full bio
click here

Derivative Programs, 
Conformity Assessment, 

To read the full bio
click here

Managing Director, 
Engineering Programs, 
USRCC Partner Event
Back in the U.S. for the first time in over 30 years, the 23rd World Petroleum Congress makes its return to the energy capital with participation from renowned global industry leaders, ministers, and expert speakers. Make your mark at the Congress and be part of the beginning of what’s next. 

Receive Access to the:
–Technical and Strategic Program
– Exhibition Floor
– Opening Ceremony
– Houston, USA Night
– Exclusive Alex Epstein and Robert Bryce 
meet and greet (Limited space available)
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
API Updates GHG Compendium to Improve Emissions Reporting, November 10, 2021: The American Petroleum Institute (API) today updated its Compendium of GHG Emissions Methodologies for the Natural Gas and Oil Industry, the foundational reference used by companies and governments across the world as methodologies for reporting GHG emissions from natural gas and oil operations, including for API’s climate-related reporting template released earlier this year. The fourth edition of the compendium includes expanded methodologies for liquefied natural gas (LNG), as well as carbon capture, use and storage (CCUS). Read more...
Why We're Investing $15 Billion in a Lower-carbon Future, November 9, 2021: Over the next six years, ExxonMobil plans to invest more than $15 billion on lower greenhouse gas emission initiatives. This significant increase in spending will further accelerate efforts to reduce greenhouse gas emissions from our operated facilities. To that point, we are on track to meet our 2025 emission-intensity reduction goals by the end of this year – four years earlier than anticipated. Read more...
Rosneft Sees Possible Supercycle in Oil And Gas Markets, November 12, 2021: Rosneft chief executive Igor Sechin said that the rebound in global demand for oil and gas and the gap between supply and demand could lead to a new supercycle for oil and gas. The rebound in global demand for oil and gas and the gap between supply and demand could lead to a new supercycle for oil and gas, Rosneft’s chief executive Igor Sechin said on Friday. Read more...
Baker Hughes and Shell Sign Broad Collaboration Agreement to Accelerate Energy Transition, Achieve Net-Zero Emissions, November 10, 2021: Energy technology company Baker Hughes (BKR: NYSE) and Shell Global Solutions BV (Shell) have signed a broad strategic collaboration agreement to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and industrial sectors. Read more...
USRCC Announcement

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’s Rosneft Reports Profits Boost Amid Surging Energy Prices, November 12, 2021: Russian oil giant Rosneft on Friday reported an increase in profits in the third quarter, with its CEO predicting a "super cycle" of rising energy prices as demand picks up. The company — which is about one-fifth owned by Britain's BP — has returned to profit this year as oil prices have rebounded following a dismal 2020 for the industry and global economy due to the pandemic.
Russia May Attract WB Experts to Carbon experiment in Sakhalin, November 12, 2021: Russia and the World Bank (WB) are discussing attracting the bank’s experts to a carbon experiment on the Sakhalin Island, Deputy Prime Minister Alexei Overchuk told PRIME on Friday. In September, President Vladimir Putin said that the Sakhalin Region will hold an experiment to regulate emissions and entrapments of greenhouse gases. During the project, companies will submit carbon reports and publish results of their climate projects so that the Sakhalin Island reaches carbon neutrality in 2026. Read more...
Russian Oil and Gas Discoveries Plunge to Five-Year Low, November 10, 2021: Russia’s oil and gas discoveries fell to the lowest in five years in the first half of 2021, after last year’s crisis resulted in steep cuts in capital expenditures for exploration, data and analytics company GlobalData said on Wednesday. In the first half this year, Russian companies found oil and gas at six very small fields, adding just 36 million barrels to reserves, which is equivalent to fewer than four days of Russian daily oil production, according to GlobalData estimates. Read more...
Texas Oil Regulator Passes Resolution Supporting Reliable Energy Sources, November 9, 2021: Railroad Commission of Texas Chairman Wayne Christian passed a resolution urging President Joe Biden and the U.S. Congress not to include anti-oil and -gas policies in the “Build Back Better Act” congressional reconciliation bill. The resolution strongly recommends the President of the United States and Congress not to adopt legislation harmful to the oil and gas industry. Read more...
Premature to Talk About Twilight of Oil Era, Reserves Must Be Monetized - Shulginov, November 10, 2021: Russia needs to stabilize oil production amid the energy transition, Energy Minister Nikolai Shulginov said. "We believe that production will total about 560 million tonnes in 2023-2024. Our objective is to ensure the competitiveness of our resource on the world market, not chase only after the production figure," Shulginov said in an interview with Kommersant published on Wednesday. Read more...
Russia, the US to Provide the Bulk of Oil Supplies Growth in 2022, OPEC Says, November 11, 2021: The oil supply from non-OPEC countries will grow in 2022 by 3 mln barrels daily, the Organization of Petroleum Exporting Countries (OPEC) said in its November report. Russia and the United States are expected to remain the key growth drivers, whose growth rates will be 1 mln and 0.9 mln barrels per day accordingly. They will be followed by Brazil, Canada, Kazakhstan, Norway, Guyana and other countries, OPEC noted. Read more...
CIS Business News
Belarus Eager to Partner up with Kazakhstan to Explore Agribusiness Opportunities, November 11, 2021: Belarus is interested in becoming Kazakhstan's partner for the sake of development of agribusiness. Prime Minister of Belarus Roman Golovchenko made the statement as he met with Kazakh Agriculture Minister Yerbol Karashukeyev, BelTA has learned. Read more...
Kazakhstan’s Huge Renewable Energy Resources to Form Basis for Its Low-Carbon Future, Says World Bank Regional Director, November 11, 2021: Kazakhstan has huge renewable energy potential that will form the basis for a low-carbon future, World Bank Infrastructure Regional Director for Europe and Central Asia Charles Cormier told The Astana Times. Cormier is in Kazakhstan to hold discussions on the green growth transition. Read more...
SOCAR, BP Eye Further Joint Projects, November 12, 2021: Azerbaijan’s State Oil Company President Rovnag Abdullayev and BP Chief Executive Officer Bernard Looney have discussed the possibilities of further acceleration of a number of joint projects, during the meeting on November 11. Read more...
US-Russia Related News in Russian
◾ Новости недели
Рябков: Консультации РФ и США по Визовым Вопросам Состоятся на Следующей Неделе, Ноябрь 11, 2021: Экспертные консультации России и США по двусторонним вопросам, в том числе визовой теме, пройдут на следующей неделе в Вене. Об этом заявил журналистам в четверг замглавы МИД РФ Сергей Рябков. "[Встреча] состоится на уровне старших должностных лиц, отвечающих за двусторонние отношения, на следующей неделе в Вене", - сообщил дипломат. Читать далее...
Россия и США Обсудили Стабилизацию Рынка Нефти, Ноябрь 10, 2021: Заместители министров энергетики России и США Павел Сорокин и Дэвид Турк встретились на конференции сторон Рамочной конвенции ООН об изменении климата в Глазго и обсудили ситуацию на мировом нефтяном рынке. Об этом сообщило российское Минэнерго. Читать далее...
В 10 Раз Могут Снизить Порог Инвестиций для Получения Льгот в Свободном Порту Владивосток, Ноябрь 12, 2021: Минфин подготовил поправки в Налоговый кодекс (НК), по которым минимальный порог инвестиций для получения льгот по страховым взносам в Свободном порту Владивосток (СПВ) может быть снижен с 5 млн до 500 тыс. рублей. Поправки, с которыми ознакомился "Интерфакс", внесены в законопроект (N1258307-7), который сейчас проходит второе чтение в Госдуме. Читать далее...
"РусАл" Включили в Индекс MSCI Russia, Ноябрь 12, 2021: Индексный провайдер MSCI, как и ожидалось, включил "РусАл" в состав индекса MSCI Russia по итогам очередного полугодового пересмотра. Как говорится в обзоре стратегов BCS Global Markets Вячеслава Смольянинова и Юлии Голдиной, акции "РусАла" добавлены в индекс с весом 0,96%. Оценка FIF (foreign inclusion factor, применительно к российским компаниям - оценка free float) составляет 0,2. Пассивный приток средств в бумагу, по оценкам экспертов, окажется на уровне как минимум $142 млн. Читать далее...
Путин Заявил о Росте ВВП России на 4,7% по Итогам Года, Ноябрь 12, 2021: Рост российского ВВП по итогам 2021 года составит до 4,7%. Об этом заявил президент России Владимир Путин, выступая на саммите Азиатско-Тихоокеанское экономического сотрудничества (АТЭС), трансляция шла в эфире телеканала «Россия 24». 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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