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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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Rosneft Oil Company

Rosneft cleared DYM Resources for export tenders

DYM Resources GmbH is successfully cleared to take part in PJSC – “NK” Rosneft’s tenders on petroleum coke, bitumen, sulphur, benzene and other products.

“Rosneft controls 36% of refining capacities in Russia and beginning cooperation with this national champion is a vital step for our growing business,” – commented Denis Varaksin, the director of base oils and waxes of DYM Resources director base oils and waxes commented.

Rosneft refineiries in Russia

Rosneft refineries
Rosneft refineries

Rosneft Company controls about 900 000 tons of base oil capacities in Russia. It runs Group I base oil units at Novokuibyshevsk, Ufa and Angarsk refineries, and has a 50% share in Yaroslavl Refinery, which produces Group I and Group III base oils.

“DYM Resources now has direct access to 100% of petroleum coke capacities in Russia. We are glad to offer our partners various cokes from Rosneft, Lukoil, Tatneft, Gapzromneft, Antipino as well from Turkmenbashy, Fergana and Kazakhstan’s producers,” – stated Yury Burenco, the petroleum coke director of DYM Resources.

Rosneft exports petroleum coke from Novokuibyshevsk, Ufa, Angarsk and Komsomolsk refineries. Its portfolio includes both high- and low- sulphur petcoke, which gives a wide rage of supply options for DYM Resources’ clients in China, Turkey and Europe.

DYM Resources is an innovative trading company, focused on developing high quality services in base oil, wax and petcoke markets.

Photo source: Rosneft and Europe1.fr

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Russian base oil availability improves in December

Russian base oil availability improves in December

Russian Group I base oils export volumes expected to grow in December while prices become more attractive, DYM Resources market survey shows.

After base oils supply shortage caused by maintenances and high domestic demand from April to October this year supply situation improves among all Russian producers. Lukoil should finish in November maintenance at its Volgograd refinery which has capacity to product 550’000 tons of base oils per year. The refinery export mostly SN 150 and SN 500 base oils.

Rosneft has increased offered volumes during its December tender from Novokuybyshevsk, Angarsk, Ufa and Yaroslavl refinery. Total volume of Rosneft base oil and industrial oil offered for December loading exceeded 44’000 tons which is almost a quarter higher compared with November this year, as per DYM Resources estimates.

Gazpromneft has offered SN 80, SN 150, SN 400, SN 500, SN 650, SN 1200 and BS-150 from Omsk and Yaroslavl refineries for late November loading. Refinery could offer as much as 15’000 tons of base oils due to end-year stock clearance according to some industry sources.

Group I base oils availability improvement has impacted the price: one of leading base oils pricing agencies has decreased it FOB Baltic quotation this week, reflecting lower prices from Russian refineries.

Group III maintenance is over

Tatneft plans to finish maintenance and resume export loading in December from its Group III and Group II 190’000 tons per year base oils unit at Taneco refinery in Nizhnekamsk city, Tatarstan region. The company produces Group III 4 cst base oil and Group II 2,5 cst base oil.

Rosneft is already offering Group III base oils from its 50% share of Yaroslavl refinery 100’000 tons per year Group III unit. The company offered 5400 tons of 2 cst, 4 cst and 8 cst base oils for loading in December. Gazpromneft is not offering from its share yet waiting till the quality stabilized.

All specification for Russian base oils you can find at DYM Resources page: http://dymresources.com/team/base-oil/

Supply availability open creates new opportunities for buyers in Europe, Africa, Turkey and Middle east as availability from other export regions remains limited.

DYM Resources is a base oils trading company focused on sourcing from Russia, Turkmenistan, Uzbekistan and Europe.  Denis Varaksin will be presenting latest CIS base oils market developments at The European Base Oils and Lubricants Interactive Summit in Antwerp during 29-30 November 2017.  Mr. Varaksin will be presenting topic “Russia’s role in meeting demand for Group III base oils”.

For supplies of Group I, group II and Group III base oils in trucks, iso-containers, flexi-tanks or rail tank cars please send a request through our website www.dymresources.com or email address info@dymresources.com.

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rosneft lubricants

Rosneft starts group III exports sales

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
MVI-2 2 420
VHVI-4 4 1830
VHVI-6 6 270
VHVI-8 8 280

 

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.

For base oils enquiries please contact us via info@dymresources.com our FB or LinkedIn pages or www.dymresources.com. We guarantee reply within 24 hours.

Image source: rosneft-lubricants.ru
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petcoke for export

Rosneft Offers Petcoke for Export in 2016

OJSC Rosneft, the Russian state-controlled oil champion, will offer petcoke for export loading from January to December 2016, according to its tender documentation.

Rosneft will offer about 7,700 tons of petcoke for export from its Angarsk refinery and 38,000 tons from its Novokuibyshevsk refinery. Potential buyers have until October 19 to send bids; results will be announced before December 15, 2015. Rosneft supplies petcoke mainly to the domestic market, while aluminum giant UC Rusal buys most of it.

The Angarsk refinery produces petcoke with 1.5 percent sulphur and an ash content below 0.1 percent. The Novokuibyshevsk refinery produces petcoke with below 5 percent sulphur and an ash content of 0.3 percent.

Source: DYM Resources

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