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 […]
21.04
2022
DYM Resources starts loading MEG from China
DYM Resources started loading Chinese Monoethylene Glycol – raw material used in the production of engine coolants and other automotive aplications. Monoethylene glycol is a syrupy liquid that has no odour or colour. Monoethylene glycol market has changed since disruptions of supplies from a Russian major producer Sibur. DYM Resources can also supply […]
DYM Resources has recently purchased 750 tons of a high quality paraffin slack wax from Turkmenistan commodity exchange for May-July 2022 loadings. Another Turkmen product recently sourced by DYM Resources was base oil SN 350. Slack wax from Turkmenbashi refinery is a product of a light colour, with kinematic viscosity of 4-5 and oil content […]
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 […]
Last week ISCC announced a few restrictive measures against companies from Russia and Belarus as a reaction on the Russian invasion of Ukraine. The ISCC association expressed their concern about the ongoing war and decided to suspend the registration and certification of new Russian and Belarusian clients. Existing clients from Russia and Belarus are suspended […]
02.03
2022
Sanctions impact on Russian base oils flows
DYM Resources’ director for base oils and lubricants Denis Varaksin commented on the situation in the base oil market in the wake of the war in Ukraine. A few Western energy companies such as BP, Shell and Equinor decided to exit joint ventures in Russia as a sign of protest against Russia’s military actions. […]
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 […]
On March 17-18 DYM Resources is going to the 15th International Conference “CIS Coal. Export Potential” which will take place in Istanbul. It is one of the main events in the coal mining and refining industry. Here are the key topics of the event: Fuel balance in thermal generation in Europe and Turkey; Infrastructural and […]
DYM Resources delivered more than twice as much petrolatum than in the year before by trucks/tank containers – in 2021 the amount of purchased petrolatum was 1700 tons, while in 2020 the amount stood at 800 tons. Petrolatum sales rose because of recovery in demand and production in 2021. Volumes from many suppliers of petrolatum […]
