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Market news from DYM Resources

turkmenistan oil market

DYM Resources to Share Turkmenistan Oil Market Insights at Baku Conference

DYM Resources will present exclusive information on the Turkmenistan oil market at an upcoming industry conference in Baku, Azerbaijan.

The company will speak at the SOCAR Caspian and Central Asia Downstream Conference this month. The conference takes place April 25 to 28, 2016, and is focused on trading, logistics, refining and petrochemicals.

“Our presentation will focus on crude oil and oil product exports out of the mysterious Turkmenistan. There will be data that is not publicly available, which is especially precious as it is difficult to get any statistics in Turkmenistan,” DYM Resources project manager Denis Varaksin commented.

Varaksin will present the Turkmenistan oil market information in Baku on behalf of DYM Resources.

The conference is expected to be attended by BP, Eni, Exxon, Shell, Statoil, Dragon Oil, Lukoil, Rosneft, Chevron, Total, Hellenic Petroleum, Georgian Oil and Gas, NIORDC, BNP Paribas and other key players in the field of oil and gas.

DYM Resources is a professional and reliable niche oil products supplier active in Russia, Turkmenistan, Kazakhstan and Romania as well as Europe. The company is active in low-sulphur petroleum coke, coal chemicals, petrochemicals, base oils, slack waxes and paraffin. DYM Resources is registered and based in Berlin, Germany.

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Naftan refinery

Belarus Builds 460,000-ton Petcoke Unit at Naftan Refinery

Naftan refinery, Belarus’ biggest oil refinery, is undergoing a modernization program with plans to launch a 462,000-ton petroleum coke (petcoke) unit over the next several years, according to the company’s corporate newspaper.

The refinery will produce high-sulphur petroleum coke. Naftan refines Ural crude oil, which means sulphur levels will be around 3.5 to 4.5 percent based on similar Russian refineries operating on the same crude. DYM Resources sources say that the plant will be put into operation not earlier than 2018.

Naftan plans to supply petcoke to cement plants in Belarus. The petcoke is cheaper than coal, but gives off 20 percent more heat, according to Naftan chief engineer Grigoriy Plastinin.

Belarus has two refineries. The country was previously importing petcoke from Russia. The Naftan refinery is located in Novopolotsk, 200 km northeast of Minsk, Belarus’ capital.

DYM Resources is a niche carbon products trader for aluminum and metallurgical industries, with specialization in petcoke trading in Central Asia and Eastern Europe.

Source: DYM Resources

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petcoke purchase price

Rusal’s Petcoke Purchase Price Decreased by 22% in 2015

The world’s biggest aluminum producer, UC Rusal, reports that its raw petcoke purchase price dropped by 21.7 percent in 2015. The company does not specify how much it spent for petcoke (petroleum coke) or what volume was purchased.

The main reasons for the lower costs were sinking commodity prices, Russian ruble depreciation in 2015 and decreased purchase volumes.

Rusal’s purchase price for calcined petroleum coke decreased at a lower pace, sinking by 10.4 percent, while raw pitch coke prices fell by 11.1 percent and pitch by 3.2 percent.

Rusal, which accounts for 7 percent of global aluminum production, expects global aluminum demand to grow in 2016 by 5.7 percent to 59.6 million. This expected growth is based on strong demand in North America, Europe and Asia. The primary aluminum market will hit a deficit of 1.2 million tons in 2016 compared to a surplus of of 0.6 million tons the year before.

Source: DYM Resources

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petroleum coke exports

Russia’s Petroleum Coke Exports Hit 130,000 Tons in 2015

Russia exported about 130,000 tons of petroleum coke in 2015, according to market information compiled by DYM Resources. Eight refineries produce petroleum coke in Russia, but only six of them participated in petroleum coke exports in 2015.

Lukoil dominated the field, controlling 95 percent of total Russian petroleum coke exports. Lukoil’s Perm refinery is the largest producer, accounting for about 80 percent of total Russian petroleum coke exports. The refinery loaded exports through ports on the Baltic Sea and Black Sea, as well as through border crossings with Latvia and China.

The main destinations for Russian petroleum coke exports were Kazakhstan, India, Belarus, Ukraine, China and the U.K.

Russia green petcoke exports, 2015

  • LUKOIL - Permnefteorgsintez
  • LUKOIL - Volgograd Refinery
  • ROSNEFT - Novokuibyshevsk Refinery
  • ROSNEFT - Angarsk Refinery
  • BASHNEFT - Ufaneftekhim Refinery
  • BASHNEFT - Novoil Refinery

Most of the refineries listed above produce mid-Sulphur petroleum coke, used mainly for fuel.

Volgograd and Angarsk (Rosneft) refineries produce petroleum coke with a sulphur content below 1.5 percent, which is suitable for anode production. The third Russian plant that also produces low-sulphur petcoke is Omsk refinery (Gazprom Neft), which didn’t export in 2015.

“We expect further growth of mid-sulphur petcoke exports in 2016 due to ongoing refinery modernization projects in Russia,” DYM Resources trader Yury Burenko said.

DYM Resources is a petroleum coke and carbon trader focused on the Russian, European and Central Asian markets.

Source: DYM Resources

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russian base oil exports

Russian Base Oil Exports Fell by 13% in 2015

Russian base oil exports dropped by 13 percent in 2015, according to data compiled by DYM Resources.

That drop put exports down to 940,000 tons.

“It was a challenging year for Russian base oils,” commented DYM Resources base oils project manager Denis Varaksin. “Export volumes dropped at their quickest pace since the 2009 crisis, and fell below 1 million tons per year for the first time in almost a decade.”

“The global market oversupply and the halting of the Lukoil base oil unit in the Nizhny Novgorod refinery, as well as production issues at Perm refinery, were the main reasons for this decrease,” Varaksin added.

DYM Resources expects Russian base oil exports to stabilize in 2016, as refinery activities will try to capitalize on lower feedstock costs, lower export duties and an anticipated price recovery.

Lukoil remained the biggest base oil exporter out of Russia, with market share above 46 percent.

In 2015, the producer shut down a base oil unit at Nizhny Novgorod with a volume of 250,000 tons per year. Lukoil continued base oil exports from the Perm and the Volgograd refineries.

Rosneft held the second biggest share of Russian base oil exports at about 25 percent. This included its share in the Yaroslavl refinery. The company exported base oils from the Angarsk and Novokuibyshevsk refineries.

The Baltic port remained the main export gate for Russian base oil exports, at about 400,000 tons or roughly 40 percent of all exports loaded in 2015. The Black Sea market accounted for 20 percent, while China absorbed 7 percent.

The Angarsk refinery remained the predominant supplier to China, sending almost 70,000 tons to this country by rail.

Russia’s biggest flexi-container export port lost about half of its base oil export volumes in 2015. It loaded about 43,000 tons.

Tatneft started exporting Group II and Group III base oils from its Taneco refinery in 2015. All in all, the company exported more than 4,500 tons to Europe, the United Arab Emirates, India and other countries.

DYM Resources is a base oil and slack wax supplier focused on Russia, Turkmenistan, Uzbekistan and European sources. Based in Berlin, Germany, DYM Resources keeps costs low and quality high by using cost-efficient storage and offices.

Source: DYM Resources

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baku refinery

Baku Petcoke Production Halts for Third Time in Nine Months

Azerbaijan’s state owned Baku refinery has another petroleum coke (petcoke) production issue and cannot guarantee petcoke supplies to its customers in February, according to an industry source.

Baku exports low-sulphur petroleum coke to Russia and neighboring countries for electrode production. The refinery is not providing a timeline for when petcoke production may resume. This is at least the third time in the last nine months when the refinery has had problems with production. Every time, the refinery had to stop its petcoke export loading.

“Another disruption raises questions about the reliability of Baku refinery as a long-term, low-sulphur petroleum coke supplier,” the market source commented. “Supply shortage and high demand support high prices for low-sulphur petroleum coke in Russia and [the former Soviet Union], which are stable compared to last year’s levels.”

Baku refinery has the capacity to produce 20,000 to 25,000 tons of petroleum coke (with sulphur content below 0.6%) per month. The only low-sulphur alternative supplier in the ex-USSR market is Turkmenbashi refinery, which exports 10,000 to 15,000 tons of petroleum coke per month.

Source: DYM Resources

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Turkmenistan Petcoke Sales and Outcomes in 2015

Turkmenistan petcoke sales for 2015 indicate that the country remains a core player in the Central East Asian market.

The country supplies low-sulphur petcoke for export. There were no domestic petcoke distributors in Turkmenistan in 2015.

Turkmenistan’s only petcoke unit is located at the Turkmenbashi refinery. Its capacity is 200,000 metric tons of green petcoke annually. The refinery operates a calcination unit.

The refinery is part of a state-owned company. All goods produced there are sold through auctions at the State Commodity and Raw Materials Exchange of Turkmenistan.

DYM Resources is a well-known distributor of Turkmenistan’s petcoke. We manage operations though a local office in Turkmenistan. With our on-the-ground presence, we are able to research and provide data relevant to the Turkmenistan petcoke market.

In 2015, Turkmenistan petcoke sales showed the following outcomes:

  1. Amount: 12 contracts for 173,000 metric tons of green petcoke and three contracts for 40,000 metric tons of calcined petcoke were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan. This is not including two cases when bidders won auctions for 80,000 metric tons, but subsequently cancelled. Some contracts have a lifting period ending in 2016.
  2. Bidders/contractors: eight companies won auctions and signed contracts with the refinery for petcoke supplies.

Signed export contracts for petcoke at The State Exchange of Turkmenistan, 2015

  • 271311, Green petcoke
  • 271312, Calcined petcoke

Source: DYM Resources

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