Palms & Company Document

U.S. Exports to Russia

by

Dr. Pyotr Johannevich van de Waal-Palms

In 1995 U.S. Share of Exports to Russia were $2.8 billion. They may exceed $10 billion in 1997

• Dominated by manufactured goods and consumer foods
• Meat products $785.3 million. Russia is the largest market for U.S. poultry
• Pork $68 million.
• Machinery & Parts: oilfield equipment, computers office equipment, pumps
• Telecommunications equipment: $46 million Television equipment $28.6 million
• Motor vehicles: $66 million
• Growth Areas:
• U.S. Aircraft Engines: Ex-Im Bank has made a preliminary commitment of $1 billion of financing to support exports by 340 companies in 30 states.

AZERBAIJAN'S TRADE SHIFTS AWAY FROM FSU

Imports from the United States -- $13.3 million, largely industrial products, including US$400,000 of oilfield equipment (spare parts).

MAJOR PROJECTS IN RUSSIA, APRIL 1996

(Embassy report obtained from BISNIS)

Energy technologies projects:

Project: Gazprom-one

Budget: US$182 million

Begin: Fourth quarter 1996/first quarter 1997 (est.)

Description: Procurement and installation of equipment to improve the efficiency, reliability and environmental performance of Gazprom's export pipeline system. The project features five components: (1) utilization of mobile compressor stations; (2) installation of export metering stations; (3) replacement of ball valves; (4) initiation of a comprehensive pipeline inspection program; and (5) funding of pipeline-related feasibility studies. Contact: Gazprom (Mr. Anatoli Boiko, Director, Department of Gas Transportation, Gas Condensate and Underground Gas Storage, tel: 095-719-8130)

This project was conceived as a result of an extensive independent study of the Russian unified gas supply system which was organized by the EBRD in close cooperation with Gazprom. The study, launched in 1993, has specified concrete investment projects worth US$3 billion related to more efficient utilization of gas reserves, improved conditions and operations of pipelines and compressor stations, removal of transportation bottlenecks in the supply system, and the prevention of corrosion defects. These investments would be carried out during the period 1996-2000 at a cost of US$500-700 million annually, up to 35% of which could be provided by the EBRD. This project is currently in the early stages of preparation by the EBRD.

Project: Gas injection demonstration

Budget: US$47 million

Begin: Fourth quarter 1996/first quarter 1997 (est.)

Description: Procurement and installation of equipment for reinjection of associated gas produced by an existing oilfield with the goal of demonstrating the effectiveness of this technology in increasing secondary oil recovery and reducing air pollution caused by gas flaring. Consultancy services for reservoir simulation and tracer services will be required, as will technical assistance and training to strengthen project implementation. Contact: To be determined. The World Bank is considering providing a US$47 million loan to Purneftegaz, a Russian oil producer, for this project.

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