According to its representative, Fergana Oil Refinery in Uzbekistan partially closed for maintenance: “The plant is partially under repair and no new product is being produced at the moment, so we are shipping off leftovers. We are planning to resume operations in early July”. Another source, close to refinery, said that that there could […]
20.05 2022
Tatneft starts VHVI-6 loadings
Tatneft started production of Group III 6 cSt base oil (VHVI-6) at the TANECO refinery in Nizhnekamsk. After the installation of the furnace and vacuum column, in addition to the previously produced base oils 2 cSt and 4 cSt, it became possible to produce 6 cSt grade. According to Argus Media, the nominal crude oil primary […]
The European Union is going to embargo Russian crude oil and refined products by the end of this year. This measure is a part of the sixth round of the sanctions imposed on Russia after the beginning of the war in Ukraine. The only EU countries that still depend on Russian energy are Slovakia and […]
10.05 2022
Global lube player to exit Russian market
Shell plans to sell its Russian lubricant blending plant and all its fuel stations in Russia to Lukoil, according to insider’s information. On March 8th, Shell announced its intent to withdraw from Russian oil and gas. By the end of 2022 Shell is planning to completely stop cooperation with Russia. Shell’s blending plant, located in Torzhok […]
DYM Resources has bought 700 tons of base oil SN 350 from Turkmenistan commodity exchange for April, May and June 2022 loadings. Turkmenistan usually exports SN 150, SN 350 and SN 500 base oil grades. The recent purchase was made as a part of DYM Resources’ diversification strategy. Lately, exports from Russia almost ceased to […]
Russian base oil producers increased base oil prices by 50-100 USD/mt depending on the grade for March loading from refinery or March-April dispatch from ports according to the data compiled by DYM Resources. “Prices keep on rising from the beginning of the year and are likely to continue its surge in April while supply is […]
Base oils exports by railroad from Russia dropped 12% compared to the previous month to 109’000 tons of base oils. It is the lowest January volume in three years. January decline in exports came after record-high exports in December, when they reached 123’000 tons. The main reason for export decrease were congestions in Russian and Baltic […]
DYM Resources’ CEO Denis Varaksin has recently commented on Rosneft shipping base oils by sea in the new Lubes’n’Greases’ Lube report issue. Russian oil major Rosneft started shipping its base oils to Europe with its own vessels on FOB terms. Before that the company was doing base oil exports mostly with railway. The first batch […]
After an 11-percent drop in November, Russian base oil exports grew by 21% in December. This volatile year with a shortage of supplies ended on a positive note for export: Russia loaded 123’000 tons of base oils overseas, the highest volume in twelve months. Base oil exports from Black Sea keep growing – from 21’000 […]
Base oil exports in Russia dropped for the first time since August. In November 2021 Russia exported 102’000 tons of base oils which is 11% less than in the previous month. It is still the highest November base oil export volume since at least November 2015. This year seasonal river exports break started one month earlier than usual which might have affected this drop. […]
