DYM Resources project manager Denis Varaksin spoke at the Argus Iran Base Oils and Lubricants Conference in Tehran, discussing how Russian base oils and other former Soviet Union base oils will compete with Iranian base oils in a post-sanctions world.
“Heavy grades like SN 900, SN 1200 and Bright Stock from Russia will be still competitive, as supplies of high viscosity products in the region are still tight,” Varaksin said.
“A new supply of Group II and Group III from Russia is entering the market due to its high quality and low prices,” he added.
At the same time, Russian Group I base oils are losing market share in the United Arab Emirates and India, due to growing Iranian supplies after the easing of sanctions, according to DYM research.
Russia and Iran imports to India, Mt
Turkmenistan base oils have become more attractive to the Iranian and UAE markets after the launch of a new railroad line via Gorgan, Iran along the Caspian Sea. This new line cuts delivery times and costs for Turkmenistan SN 180, SN 350 and SN 600 base oils.
DYM Resources is an independent international base oils and slack wax supplier focused on products from Russia, Turkmenistan, Uzbekistan and Iran.