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DYM Resources is quoted by a leading Russian business media RBC

Most visited Russian business news agency RBC (RosBusinessConsulting) has quoted DYM Resources’ Managing Director Denis Varaksin. This shows in-depth knowledge of commodities market by our team.

The issue in hand is a situation with a Ukrainian trader Cantarell Trading that took responsibility for illegal supplies of diesel to Ukraine from the Orsk oil refinery, which belongs to Mikhail Gutseriyev’s ForteInvest.

In 2017, Cantarell Trading signed a contract with ForteInvest for the supply of diesel fuel to the Republic of Turkey. During the process of diesel fuel transportation Cantarell Trading decided to redirect the vessel to Ukraine, which became the reason for initiation of criminal case on smuggling by law enforcement agencies of the Russian Federation.

According to Interfax-Ukraine News Agency, The Federal Service for Technical and Export Control introduced a special authorization-based procedure for importing oil products to Ukraine back in 2015.

“Everyone on the Black Sea market knows about the procedure and everyone follows these requirements,”

Denis Varaksin, Managing Director of the trading company DYM Resources GmbH.

More details on this topic is available in Russian on RBC news website.

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DYM Resources featured in Lubes’n’Greases article about Belarus base oils and lubes export

Lubes’n’Greases, a renowned media in the field of lubricants, oils, and waxes, published DYM Resources’ comment on the recent suspension on exports of base oils and lubes in Belarus.

After Moscow halted crude deliveries, Minsk government decided to reduce local impacts by pausing exports of base oils and finished lubricants. Belarus is a key base oils and finished lubes supplier to Ukraine market as well as significant exporter of Group I grades via Baltic ports. Naftan refinery produces SN 150, SN 500, SN 1200 and other less common grades.

DYM Resources’ managing director Denis Varaksin noted that “the timing would be poor for any impact on base oils because the market recently began to pick up after demand was sluggish for most of 2019”.

“Oil products output can be reduced by half”

Read the full article by Boris Kamchev on Lubes’n’Greases.

DYM Resources is a base oils and slack wax trading company selling base oil globally in bulk, flexi-containers, rail tank cars, and trucks.

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Bitumen prices in Germany rise due to lower production

Prices in Germany’s domestic bitumen market are rising because supplies are restricted while seasonal demand is growing.

Bitumen supplies remain limited throughout Germany, especially in the northeast, as the two largest German refineries, Schwedt and Leuna, have temporarily stopped producing bitumen due to the pipeline Druzhba contamination issue. Bayernoil, another major producer of bitumen, has been on a nine-month break because of an explosion last year.

PCK Schwedt

The German refinery PCK Schwedt, which processes 208, 000 barrels of bitumen per day. It has stopped the production of bitumen and switch to the delivery of more cost-effective lighter crudes. From the middle of April, oil flows through the pipeline have been halted, while crude oil was contaminated by excess concentrations of an organic chloride. After using the oil reserves, the PCK Schwedt temporarily established alternative oil supplies through the port of Rostock.

PCK Raffinerie Schwedt is owned by Rosneft Deutschland, Shell Deutschland and PCK Beteiligungs-Gesellschaft. The refinery processes 12 million tons of crude oil per year, obtaining diesel fuel, gasoline, kerosene, liquefied petroleum gas, fuel oil and among others, bitumen.

Total Refinery Leuna

The second German Refinery Leuna, that also used crude oil from PCK Druzhba, had to cut bitumen production and switched to delivery of lighter crudes as well. Before this accident Leuna supplied approximately 210,000 barrels of bitumen per day. PCK Leuna is owned by Total and has the capacity to process 12 million tons of crude oil per year.

Pipeline Druzhba supplies about one third of crude oil to Germany. According to the latest reports, Druzhba could be launched from July 1st. Full pipeline cleaning will take about 6- 8 months.

Bayernoil refinery

The third German refinery Bayernoil, that produces 210 000 barrels of bitumen per day, was launched in the first week of June after nine-month interruption in the operation. It took nine months to recover from a powerful explosion and fire in September 2018.

Although the refinery is open, the supply the of bituminous product will remain limited for at least three months. The Bayernoil plans to reach full capacity by September.

The Refinery Bayernoil owned by Varo Energy, Rosneft Deutschland, Eni and BP. It produces over ten million tons of crude oil annual. The refinery gains liquefied gases, fuels, gasoline, jet, diesel, heating oil and bitumen.

DYM Resources is an international niche oil products trading company working with all bitumen producers in Russia and supplying EN-certified bitumen and polymer-modified bitumen to German consumers. DYM Resources offers road and roofing bitumen as well as niche bitumen products, including joint tapes, mastics, and sealants.

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DYM Resources’ Revenue Grew 74% in 2018 Compared to the Previous Year

DYM Resources’ revenue grew 74% in 2018 compared to the previous year and profit multiplied by 2.3, according to the company’s financial report.

“Although it has been a challenging year for trading companies, we achieved sufficient growth due to our focus on client service, improving cost effectiveness, and introducing new products to our portfolio,” DYM Resources’ base oil and wax trading director Denis Varaksin says.

DYM Resources began to supply several new products in 2018: bitumen, diesel, gasoline, and calcium hypochlorite. The company’s key projects – petroleum coke, base oils, and waxes – have also shown significant growth over the past year.

“Our reputation investment is finally paying off. There is a significant demand for honest, transparent, and high quality service in petrochemical products of the former USSR,” says DYM Resources’ petcoke and bitumen trading director Yury Burenco.

DYM Resources is an international oil products trading company focused on supplying base oils, lubricants, waxes, bitumen, and petroleum coke.

The company sources mainly from 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.

The company exports low and high sulphur petroleum coke from Russia, Turkmenistan, and Kazakhstan from multiple suppliers such as Rosneft, Lukoil, Tatneft, Gazpromneft, the Turkmenbashi refinery, and others. DYM Resources delivers petcoke to cement and metal industries by rail, container, and bulk vessels. The company also works with all bitumen producers in Russia and ships road bitumen to European consumers.

You are welcome to contact managing directors from DYM Resources per email: info@dymresources.com.

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DYM Resources Attends The Unity Mineral Oil Technology Congress

Denis Varaksin, DYM Resources Managing Director, is attending the Unity Mineral Oil Congress in Stuttgart during 1-3 of April 2019. The new industry trends are to be discussed by the main players of the lube and fuel sector. The event will be attended by all major market players as well as the experts in the mechanical and automotive engineering.

This forum is a rare opportunity for the communication between automobile industry participants and the commodity companies.

 “Germany is world leader in car manufacturing and high-tech industries, it is very important to understand where the German market is moving, the rest of the world will follow” – says Denis Varaksin, the managing director of DYM Resources GmbH.

DYM Resources is an international oil trading company, focused on base oil supplies.

To meet our managing directors don’t hesitate to contact us via email: info@dymresources.com

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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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Lubes'n'Greases EMEA

Lubes ‘N’ Greases Quotes DYM Resources on Slack Wax Market in Europe

The leading media in the field of lubricants, oils, and waxes, “Lubes ‘N’ Greases,” has quoted DYM Resources’ managing director Denis Varaksin on the topic of slack waxes’ supply-and-demand situation in Europe.

The quote refers to the slack wax production by Rosneft Refinery in Angarsk, Russia, and Uzbekneftegaz Refinery in Fergana, Uzbekistan. Products from both refineries are being sold to other parts of Europe.

Slack Waxes in Demand in Europe

DYM Resources is a base oils and slack wax trading company selling base oil globally in bulk, flexi-containers, rail tank cars, and trucks.

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