Turkmenbashy refinery coking unit

Turkmenistan Sold 25,200 Tons of Bitumen for Export in 1H 2018

Turkmenistan’s refineries started bitumen export sales in early 2018 and sold 25,200 tons of bitumen from March to June.

Turkmenistan began bitumen production in 2015, but did not export the product until early 2018. Today, two refineries can produce bitumen in Turkmenistan: Seidy Refinery has the capacity to produce 37,000 tons of bitumen per year, Turkmenbashy Refinery can produce more than 200,000 tons per year and plans to increase production with the launch of new delayed coking and deasphaltizing units.

Bitumen Sales 2018 (mt)

  • Amount (mt)

“Bitumen is in high demand in Central Asia due to massive road construction plans, especially in Uzbekistan, Tajikistan and Kirgizstan,” comments Denis Varaksin, director of DYM Resources.

Bitumen is sold on an FCA refinery basis with loading into rail tank cars. Traders report that it is difficult to find suitable rail tank cars for bitumen transportation due to lack of equipment with “steam-heating coats” that help to heat the product during unloading.
Bitumen was sold in cargoes of 2000 to 7200 tons with a loading period between two to ten months. Export prices were stable from March to June 2018.

90% of bitumen is used in road construction, with the remnant going into construction industries as a waterproof material. The global bitumen market comprises around 107 million tons.

DYM Resources is a trading company focused on developing high-quality services in the base oil, wax, and petcoke and bitumen markets. The company works in Russia, Belarus, Kazakhstan, Uzbekistan, and Germany.

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Turkmenbashy refinery

Turkmenbashy petcoke price rise by $20/t

Turkmenbashy refinery has increased green petroleum coke – price by $20/ton reaching another price record for at least 5 years. 20 000 tons of green petcoke were sold 12-13 April 2018.

Demand for low-sulphur petroleum coke remains strong in Russia, Central Asia and Wester China despite some signs of price decrease in other markets.

Turkmenbashy refinery also sold 5000 tons of calcined petcoke on 13 April 2018, price for the product remained stable compared to February sales level.

In February 2018 Turkmenbashy refinery sold 30 000 tons of green petcoke and 10 000 tons of calcined petcoke at prices 2 and 3 times higher compared to previous sales level reached in 2017. Such price spike was mostly driven by West China’s demand where aluminum producers faced shortages of low sulphur petroleum coke amid ecological regulation pressure and increase in local aluminum demand.

By mid of April 2018 Turkmenbashy refinery sold almost third of their annual production capacity.

Turkmenbashy refinery is one of 2 refineries in former USSR country that produces ultra-low sulphur petcoke with Sulphur content up to 0.6% and extra low metals content.

DYM Resources is a trading firm, supplying petroleum coke from ex-USSR and European countries.

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Low-sulphur petcoke supplies

Low-sulphur Petcoke Supplies Will Decrease in August Due to Refinery Maintenance

Low-sulphur petcoke supplies will sink this summer in the former Soviet Union region, as major refineries—Turkmenbashi and Baku—will undergo maintenance during July and August.

This may lead to a low-sulphur petcoke supply deficit in the third and fourth quarters of 2016, according to DYM Resources.

Turkmenbashi Refinery

Turkmenbashi refinery informed clients on July 14 that it has planned maintenance for 15 days starting July 15, and its coking unit will be fully shut. The refinery has loaded previously accumulated stocks of green and calcined petcoke from July 15 to 22. The calcining unit continued production on previously produced feedstock.

“It is minor maintenance, a regular stop that is needed to check if everything is okay with the coker,” a source said. “It should restart in early August.”

But some market participants expect that volumes loaded from the refinery will be lower in late July and early August this year.

Turkmenbashi refinery has a coker with an annual capacity of 200,000 tons of below 0.6 percent sulphur green petcoke. The refinery has a calcining unit as well. Calcined petroleum coke was exported into Tajikistan in the first half of 2016.

Turkmenbashi refinery exported 52,500 tons of green coke to Russia by rail in the first half of 2016. The refinery loaded 15,000 to 30,000 tons to Tajikistan during the same period.

Baku Refinery

Baku refinery will undergo maintenance during the same period, in August 2016, which should significantly impact low-sulphur petcoke supplies and exports.

“We already see loading volumes decreased from Baku refinery in July. Possibly that refinery is accumulating stocks for the maintenance period,” a market participant commented.

Baku refinery is able to produce 300,000 tons of below 0.6 percent sulphur petroleum coke per year.

Baku exported 98,800 tons of petroleum coke to Russia between January and June 2016.

In 2016, Baku refinery exported at least 261,000 tons of petroleum coke and around two thirds, or 177,000 tons, ended up in Russia. Petroleum coke was also exported to Ukraine, Canada, and India.

Low-sulphur Petcoke Supplies and Alternatives

Romania’s Petrom 1 percent sulphur petroleum coke could be an alternative in August and September for the ex-USSR market.

DYM Resources is able to supply 1 percent low-sulphur petroleum coke from Romania by dry-bulk vessel or rail tank cars in August and September 2016 within the Black Sea,” Yury Burenko, head of petroleum coke operations at DYM Resources, said.

Romania loads petroleum coke from the Constanta port. In 2016, Petrom’s petcoke was exported to China and within the Black Sea region.

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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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