United States: Mayer, Brown, Rowe & Maw Hosts Russian, Central Asian Oil and Gas Executives
Last Updated: March 10 2003

March 7, 2003, Houston -- A group of 17 senior finance executives from major and national oil companies in Russia and seven former Soviet countries got hands-on corporate and finance training during a weeklong visit to Houston as part of a 30-day program sponsored by the U.S. Department of Commerce’s Special American Business Internship Training Program (SABIT).

In Houston, the delegates were hosted for a week of seminars by the international law firm of Mayer, Brown, Rowe & Maw. Speakers at the seminar included attorneys from Mayer, Brown, Rowe & Maw, and representatives of the Export-Import Bank of the United States, Halliburton, Parker Drilling, and other U.S. companies. The group received training in U.S. oil and gas corporate and financial management, strategic planning, and project development.

"We were happy to host the executives of these oil companies in our Houston office. I think our seminar has been a meaningful contribution to the development of international energy business and the cooperation between U.S. and former Soviet energy industries," says Michael Niebruegge, Partner-in-Charge of the Houston office of Mayer, Brown, Rowe & Maw.

During their training program in the U.S., the delegation also visited Washington, D.C., and Tulsa, Oklahoma, meeting with U.S. energy companies’ representatives and industry organizations. The group returned home this week.

With funds authorized by the U.S. Congress, SABIT is a joint initiative of the U.S. Department of Commerce and the private sector to promote market access and spur economic development.

"Expanding commercial trade ties is critical to the economic well-being of the United States as well as to the continued growth of the countries of the former Soviet Union," said Liesel Duhon, Director of the SABIT Program. "The more we grow trade, the more we foster democratic values and stability abroad, all of which are vital to our economic security."

Contact: Michael Niebruegge: 713 546 0507

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