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U.S. Secretary of Commerce to Lead American Firms on an Energy Business Development Mission to St. Petersburg and Moscow, Russia

U.S. Commerce Secretary Don Evans today announced that he will lead representatives of 13 small, medium and large U.S. energy and energy-related firms on a business development mission to St. Petersburg and Moscow, Russia on Sept. 21-25, 2003.

“I’m pleased to lead this group of American business leaders to explore business opportunities in Russia,” said Evans. “Russia represents an increasingly attractive market for American companies. The benefits of open trade are universal, and the rewards of an increased global energy supply and promoting increased U.S.-Russian trade will benefit both of our countries.”

This trade mission is the result of a 2002 Presidential Summit between Presidents Bush and Putin, when the two leaders announced a new Energy Dialogue, the goals of which are to increase the global energy supply, ensure energy security, and promote U.S.-Russian cooperation in developing energy resources.

In keeping with these goals, Russia will host this year’s U.S.-Russia Commercial Energy Summit in St. Petersburg, Russia -- to which Secretary Evans will lead the Department of Commerce’s Oil & Gas Business Development Mission. During the Summit, Department officials and business delegation members will not only participate in official summit activities, but American businesses will additionally spend time meeting with their Russian counterparts in order to develop or expand their business in Russia.

Evans’ trip underscores the maturing relationship between the United States and Russia. The focus of the mission will be assisting U.S. businesses to expand and explore trade and investment opportunities in the oil and gas sector including exploration and production, equipment and services, and transportation. The trip will offer U.S. businesses a forum in which to explore business partnerships with Russian business leaders and meet with senior Russian government officials.

Further information about the business development mission may be obtained at www.osec.doc.gov/obl/russiamission2003/.

The Official Business Delegation includes:

Apache Corporation, Houston, TX Oil & Gas: Exploration and Production
G. Steve Farris
Chief Executive Officer

Argus Ltd., Rockville, MD Oil & Gas: Equipment – Construction & Rehab
Michael Rae
President

Ariel Corporation, Mount Vernon, OH Oil & Gas: Equipment – Compressors
Karen B. Wright
President and Chief Executive Officer

CARBO Ceramics, Inc., Irving, TX Oil & Gas: Equipment – Oil Field Products
C. Mark Pearson
President and Chief Executive Officer

Clock Spring Company, L.P., Houston, TX Oil & Gas: Services – Pipeline Repair Products
Shawn Laughlin
President and Chief Executive Officer

George E. Failing Co., Enid, OK Oil & Gas: Equipment
Wesley Weed
Vice President

Hanover Compressor Co., Houston, TX Oil & Gas: Equipment – Compressors
Chad Deaton
President and Chief Executive Officer

Key Energy Services, Inc., Midland, TX Oil & Gas: Services – Well Servicing
Francis D. John
Chairman, Chief Executive Officer and President

Motorola Inc., Schaumburg, IL Telecommunications: Solution for the Oil & Gas
Gene Delaney Industry
Executive Vice President President,
Global Relations and Resources Organization

Randall & Dewey Inc., Houston, TX Oil & Gas: Services – Energy Investment Banking &
Jack P. Randall Strategic Advisory Services
Chairman and Co-founder

STARCON International Inc., Manhattan, IL Oil & Gas: Services – Maintenance and New
Michael J. Uremovich Construction
Chief Executive Officer

TIEC, Inc., Houston, TX Oil & Gas: Services -- Project Management
Stephen W. Bowman
Vice President, Engineering

Tiger Machinery Company, Birmingham, AL Industrial Equipment: Caterpillar Dealer for the Far
Joseph W. Caldwell East
President