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Market news from DYM Resources

Russian base oils

DYM Resources Speaks on Russian Base Oils Competitiveness at Argus Iran Conference

DYM Resources project manager Denis Varaksin spoke at the Argus Iran Base Oils and Lubricants Conference in Tehran, discussing how Russian base oils and other former Soviet Union base oils will compete with Iranian base oils in a post-sanctions world.

“Heavy grades like SN 900, SN 1200 and Bright Stock from Russia will be still competitive, as supplies of high viscosity products in the region are still tight,” Varaksin said.

“A new supply of Group II and Group III from Russia is entering the market due to its high quality and low prices,” he added.

At the same time, Russian Group I base oils are losing market share in the United Arab Emirates and India, due to growing Iranian supplies after the easing of sanctions, according to DYM research.

Russia and Iran imports to India, Mt

  • Russia
  • Iran/UAE

Turkmenistan base oils have become more attractive to the Iranian and UAE markets after the launch of a new railroad line via Gorgan, Iran along the Caspian Sea. This new line cuts delivery times and costs for Turkmenistan SN 180, SN 350 and SN 600 base oils.

DYM Resources is an independent international base oils and slack wax supplier focused on products from Russia, Turkmenistan, Uzbekistan and Iran.

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Turkmenistan oil exports dropped

Turkmenistan Oil Product Exports Dropped by 35% in 2015

Turkmenistan oil product exports decreased by 35 percent in 2015, to around 2.5 million tons, according to data compiled by DYM Resources.

Sales levels at the same time were stable compared to 2014, at 4.6 million tons.

“Loadings were almost twice lower compared to sales in 2015, which shows that is it easy to buy products in Turkmenistan, but hard to actually deliver them overseas,” commented DYM Resources project manager Denis Varaksin. “That is why it is important to have a reliable partner such as DYM, with special expertise and a local presence in Turkmenistan,” he added.

Fuel oil exports almost halved, while naphtha and base oils export loadings rose.

Amounts: Sales vs shipments, Turkmenistan, 2015

  • Mln Mt

DYM Resources is an independent trading company specializing in niche oil products. DYM Resources’ key business activities are in base oils, petroleum coke (petcoke), slack waxes, paraffins, coal chemicals and petrochemicals. DYM has a strong presence in Central Asia, Russia and Eastern Europe.

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caspian basin and central asia oil markets

DYM Resources Interviewed for Insights on Caspian Basin and Central Asia Oil Markets

DYM Resources’ Denis Varaksin was featured recently on CBC TV for his insights into the Caspian Basin and Central Asia oil markets.

Varaksin was interviewed during the SOCAR conference “Caspian Basin and Central Asia: Trade, Logistics, Oil Processing and Oil and Chemistry” in Baku, Azerbaijan.

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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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