Sept. 18, 2003 – Samuel Ebbesen, senior vice president of Innovative Communication Corp., has been tapped by President Bush to represent corporate America at a bi-national commercial energy summit being held next week in Russia.
The 2nd annual U.S.-Russia Commercial Energy Summit is to take place in St. Petersburg Sunday through Wednesday. According to ICC spokesman Rene Henry, Bush asked Ebbesen to take part because of the Virgin Islander's appointment earlier this year to the board of the Overseas Private Investment Corp.
"The summit's being organized by the Russian Union of Industrialists and Entrepreneurs as well as the U.S. Energy Association," Henry said on Thursday. He said Ebbesen did not attend the first summit, held in Houston, Texas.
Subjects to be discussed in St. Petersburg, Henry said, include "electrical power, finance and investment cooperation, which Mr. Ebbesen will be involved in, as well as regulation of the fuel and energy sector." He said the ICC executive would be offering his expertise in corporate management at the gathering.
Ebbesen, a retired Army general, is scheduled to leave Friday for St. Petersburg, Henry said.
Bush and Russian Federation President Vladmir Putin developed the initiative that led to the first commercial energy summit a year ago at Rice University in Houston. Two White House Cabinet members at that gathering, Commerce Secretary Donald L. Evans and Energy Secretary Spencer Abraham, also will be at the St. Petersburg summit.
Henry said the objectives of the summit include educating American corporate officials about international investment opportunities and enlightening Russian executives about opportunities in energy production and management. "It's a dialogue for both sides to see the best way to help the Russian Federation with their energy needs, in cooperation with the United States," Henry said.
Panel discussion topics on the summit agenda include:
– Restructuring the electricity sector.
– Exploration and development of the gas industry.
– Exploring new energy-efficient technologies.
– Cooperation in finance and capital.
– Regulation of electrical power.
– Legislation and regulatory framework for investment.
– Infrastructure and transportation issues in energy markets.
– A look at small and medium enterprises.
Ebbesen was in Washington, D.C., to take part in the Interior Department's Investment Development Conference for the U.S. territories on Sept. 8. At that gathering, aimed at facilitating and attracting new investment in the insular territories, he was one of four panelists discussing telecommunications.
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