DYM Resources Participates in the 7th CIS Base Oil and Lubricants Conference

The conference, which takes place from May 22nd to 23rd in Moscow, Russia, will gather participants with the latest global and regional trends affecting the basic oil and lubricants industry in Russia and the CIS.

“Over the past two years, the lubricating oil market in Russia has grown by about two percent and it is expected to continue growing in 2019, while the quality improves,” says the managing director of DYM Resources, Denis Varaksin. “Russia and CIS are a main sourcing market for DYM Resources. As we have recently started importing some high-quality materials such as viscosity modifiers into Russia, the ex-USSR market has become even important for us.”

Conference contributors will discuss how the new IMO 2020 emission standards will affect the quality, price, and manufacturing of petroleum products, possible successful strategies for lubricant manufacturers under conditions of increasing competition, and how to meet customer requirements during the transition for Group II and III base oils in Russia. Key market players Rosneft, Gazprom neft, and LUKOIL will discuss the implementation of import substitution programs for base oils and the development of their own production facilities. Major blenders and base oils producers plan to share their latest achievements, plans, and new technologies such as modern catalysts, dewaxing additives, fluids to improve viscosity index in various base oil groups, and the Oil Conditioning Monitoring program.

The participants will include delegates from Fuchs, Total Vostok, Nizhnekamskneftekhim, Arlanxeo, Exxonmobil, and Shell, as well as Belarus, Turkmenistan, and Uzbekistan industry champions.

DYM Resources is an international oil trading company specialized in base oils, lubricants, additives, and slack wax supply. The company is supplying base oils from Russia, Belarus, Uzbekistan, Turkmenistan, and Europe in flexi-tanks, trucks, and bulk.

To meet our managing director Denis Varaksin at the7th CIS base oil and lubricants conference, you are welcome to contact us per email:

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DYM Resources Attends ICIS London 2019 Base Oils Conference

DYM Resources GmbH is attending the 23rd ICIS World Base Oils & Lubricants Conference base oils and lubricants conference during February 20th to 22nd in London.

The main themes of the 2019 conference will be the future of Group II base oils in Europe, the impact of electric vehicles on the lubricants market, Group III global capacities for growth, the impact of ride sharing on car demand, as well as the global decarbonization trend. IMO-2020 and the latest market developments in India will be also discussed.

 “Russian base oils are supplied globally, and we are glad to meet with our partners to discuss plans for 2019 and update our growth strategy,” DYM Resources base oils and wax director Denis Varaksin says.

The conference will be attended by more than 600 delegates, from base oils producers and lubricants blenders to chemical terminals, logistics and trading companies from all over the world. This year there will be workshops on China and Brexit. Global base oils and lubricants leaders such as Mobil, Chevron, SK, Neste, Fuchs Petrolub, Shell, Lukoil, ADNOC, Saudi Aramco, Lubrizol, and others will be presented at the event. 

DYM Resources is a trading firm focused on base oils, waxes, bitumen, and petroleum coke. The company sourcing focus is Russian-speaking countries: Russia, Uzbekistan, Turkmenistan, and Belarus.  DYM Resources delivers base oils SN 150, SN 350, SN 500, SN 900, SN 1200, and BS-150, Group II HVI-2, as well as Group III VHVI-4 and VHVI-8 globally in bulk tankers, flexi-containers, rail tank cars, trucks, and iso-containers.

To meet with the DYM Resources base oils director during the ICIS London conference, please contract us via our website or email

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DYM Resources Speaks at the 3rd EMEA Base Oil, Lubricant and Wax Conference

The 3rd Asia, Middle East, and Africa Base Oil, Lubricant, and Wax Conference will take place in Dubai, UAE, on February 6th and 7th. The primary focus will be devoted to discussions on evolving base oil markets, emerging supplies, and demand hubs.

Denis Varaksin from DYM Resources GmbH will be speaking about the Russian base oils market and future potential among such industry leaders as the CEO of Gulf Oil Middle East Limited, the Global Head of Base Oils from the Gulf Petrochem Group, and others.

“It is a pleasure for me to participate in the conference this year as a speaker. The Middle East and African Lubricant markets are continuously growing. DYM Resources focuses on Group I supplies from Russia to UAE, and we are also interested in developing our wax supplies here,” the managing director of DYM Resources, Denis Varaksin, says.

The conference is organized by Petrosil and Rex Fuels.

DYM Resources is an international oil trading company specialized in base oils, lubricants, and slack wax supply. The company is supplying base oils from Russia, Belarus, Uzbekistan, Turkmenistan, and Europe in flexi-tanks and bulk.

To meet our managing director Denis Varaksin at the 3th AMEA Conference, you are welcome to contact us per email:

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DYM Resources GmbH Participates in the 15th ICIS Middle Eastern Base Oils & Lubricants Conference

The 15th ICIS Middle Eastern Base Oils & Lubricants Conference starts in Dubai tomorrow, on the 16th of October. The discussion will mainly be devoted to global support of the market transformation and commercial development in the Middle East.

“The supply of high quality base oils from Russia is growing and we are excited to facilitate shipping to Middle East and Africa,” the managing director of DYM Resources, Denis Varaksin, has said.

Last year, the conference became the biggest event in the region’s oil industry and was attended by 370 delegates from 195 companies from all over the world.

DYM Resources is an international oil trading company specialized in base oil supply.

To meet our managing director Denis Varaksin at the 15th ICIS Middle Eastern Base Oils & Lubricants Conference, do not hesitate to contact us per email:

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The Availability of Russian Base Oils Improves in September

The availability of Russian base oils for export loading has improved after a restriction in July and August, as refineries have begun to run at full-scale and the attractiveness of export sales has improved due to the weaker Russian ruble, according to DYM Resources estimates.

The Russian currency dropped by 8.6% between July 30th and August 28th, making domestic sales less competitive against export loadings. This could support export sales of finished lubes as well.

Rosneft and Naftan underwent maintenance at their base oils units during the summer, which limited supplies from June to August. Both producers offered healthy volumes for September loadings. Gazpromneft and Lukoil also have base oils available for export in September, according to market participants. Tatneft had maintenance planned for September but decided to postpone it, according to producers of export Group III 4 cSt and Group II 2.5 cSt.

In September, maintenance will only take place at one base oils unit in Russia: The Angarsk refinery, which mostly supplies the Chinese market via railroad, will have turnaround. The refinery exports up to 10,000 tons per month.

Demand Improves After The Holiday Season

The demand for base oils has improved after religious holidays in Muslim countries have been completed. The European market is also improving for September-October orders after the traditional slow-down during the summer months.

Feedstock prices began to rise in the second half of August after dipping in July and the first two weeks of August. The growing crude oil price supports strong base oils prices. The Brent price increased by 5USD per barrel or 7% between August 15th and 28th, and reached 75,78 USD/bl.

Russian base oils are supplied to Turkey, Europe, Nigeria, Middle East, and other markets.

DYM Resources is a trading firm specialized in base oils, waxes, petroleum coke, and bitumen trading. The company offers a cost-effective solution for deliveries from Russia, Belarus, Turkmenistan, Uzbekistan, and Europe. DYM Resources is experienced in flexi-tanks exports. For any enquiries, feel free to contact us via our website.

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Gazpromneft Starts Export Sales of Yaroslavl Group III Base Oils

Russian state-owned Gazpromneft has offered HVI-2 and VHVI-4 base oils from Yaroslavl Refinery for export, according to data received by DYM Resources.

Yaroslavl Refinery launched 100,000 tons/year Group III base oils last summer 2017, but could not stabilize production quality by June.

“The product quality now looks good: The color is 0, saturates content is 99%, sulphur content is less than 10ppm,” commented Denis Varaksin, base oils and wax director of DYM Resources.

Gazpromneft does not guarantee minimum viscosity index in its specifications, although typical VI stands at 120, which is the minimum required to classify for Group III according to American Petroleum Institute (API) definition.

The feedstock quality has changed during the project implementation and the unit needed different catalysts to maintain a high quality of production, market participants say. The refinery planned to improve Group III products quality by the end of 2018.

Yaroslavl Refinery is located 300 km northeast of Moscow and exports about 40,000 tons of Group I base oils per year, most of them headed to the Baltic ports of Riga and Liepaja.
Ownership of the refinery is split between the Russian oil and gas giants Gazpromneft and Rosneft. Both companies have equal shares in the refinery’s output.

For June, loading consists of around 800 tons of HVI-2 (API Group II base oils with viscosity at 100C at 2 cst) and about 600 tons of HVHI-4 (API Group III, viscosity 4 cst).

Yaroslavl Refinery is located close to Russia’s western border and already exports its Group III products from Rosneft’s share via Baltic ports. Rosneft sells export volume through monthly tenders, while Gazprom allocates base oils through distributors.

Gazpromneft’s base oils are REACH registered.

DYM Resources GmbH is a base oils trading company that specializes in sourcing from Russia. The company can offer base oils from Yaroslavl refinery in flexi containers, liquid trucks, or other form of packing. To receive a quote, please email us at

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Fergana Refinery Plans Group II and III Base Oils Production

Fergana Refinery, the only base oils producer in Uzbekistan, plans to begin Group II and Group III production in 2021-2022, a refinery representative stated at the CIS Base Oils and Lubricants conference in Moscow, Russia, held from May 23rd to 24th, 2018.

The refinery can currently use ExxonMobil technology to produce Group II and III base oils, converting raffinates and using hydro-deparaffinization and hydro-finishing.

“Group II and III base oils are in high demand in Central Asia, as economies in the region are growing and switching to modern machines and cars, which requires higher quality lubricants. The Fergana project looks promising, especially if the refinery manages to keep the production costs low.” – Denis Varaksin, the DYM Resources director of base oils and waxes

The Fergana Refinery representative estimated their export of base oils and lubes in bulk at around 100,000 tons per year. The refinery currently has the capacity to produce more than 450,000 tons of Group I base oils, but lacks the necessary feedstock. Sources at the refinery say that additional crude oil supplies delivered from Kazakhstan have recently improved the refinery’s running rates.

Fergana Refinery exports SN 100, SN 150, SN 350, and SN 500 base oils and their industrial equivalents. The main destination markets are Central Asia, the Middle East, and Turkey.

Uzbekistan’s lubes market is estimated at 216,000 tons per year, according to Uznefteproduct. The country imports around 20,000 tons of lubes annually.

DYM Resources can offer base oils as well as industrial lubes from Fergana Refinery in rail tank cars or flexi-containers at competitive prices, with high quality logistics and flexible payment terms. To receive a quote, please send your request with the desired base oil grade, volume, and destination via our website,


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