Russian oils and gas champion Rosneft offered Group III base oils from Yaroslavl refinery for export in loading in June, according to its tender documentation. Deadline for biding on the tender was 22 May.
Yaroslavl refinery is owned by Slavneft, 50/50 joint venture of state-controlled Rosneft and Gazpromneft.
Rosneft offered up 2800 tons of four grades combined MVI-2, which should be similar to Group II 2 cst base oil as well VHVI-4, VHVI-6 and VHVI-8 grades which are equivalents of Group III base oils with viscosities 4, 6 and 8 cst at 100C (please see the table).
Product is being offered on Russian border basis as well as on fca Yaroslavl with minimum order quality limited at 65 tons.
|Product||Viscosity at 100C||Volume offered, tons Max|
Export oriented unit
Yaroslavl refinery is located in European part of Russia, about 260km north of Moscow.
Market participants are expecting Gazpromneft to start export loadings of Group III base oils form Yaroslavl in June. The company earlier estimated that 2 cst and 8 cst will be consumed domestically, while 4 and 6 cst will be available for overseas markets.
Yaroslavl refinery currently operates 250,000 t/yr Group I base oils unit, about 40,000t/yr of base oils goes for export. The refinery located close to Russian western border and is well-placed for export via Baltics ports.
Export loading from the refinery could reach 5000-6000 tons per month in 2017, according to DYM Resources estimates.
More Group III supplies
Russia currently exports Group III 4 cst base oils from Taneco (Nizhnekamsk) refinery located in Tatarstan. Most of the product is going to Baltic for further shipments to Europe by trucks and overseas loadings. Group III is also produced by Lukoil’s Volgograd refinery and Belorussia’s Naftan’.
DYM Resources is suppling Group I, II and III base oils from Russia, Europe, Turkmenistan and Uzbekistan. The company specializes on trucks and flexi-containers loadings around the globe.