This week our CEO Yury Burenko is participating at the Argus Americas Petroleum Coke Summit. The Americas’ leading petroleum coke event is taking place 07 – 09th of September 2022 in Seattle, where petcoke production and structural changes in conventional fuels and metals demand will be analysed. 300+ global fuel and anode grade coke market […]
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 […]
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 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 […]
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 […]
