Denis Varaksin, the managing director of DYM Resources, was recently quoted by Lubes’n’Greases EMEA, world-known media in the field of lubricants, oils, and waxes.
The quote refers to the start of Group II and Group III base oil production in Uzbekistan that is planned for 2021-2022. According to Denis Varaksin, the high demand on Group II and III base oils in Central Asia is related to the growth of the region and the modernization in the mechanical engineering industry.
Fergana Refinery exports about 100’000 tons of base oils and lubes per year. However, the refinery’s actual capacity can provide higher amounts. In Mai 2018, Uzbekneftegaz and Exxon Mobil signed a memorandum laying out their intent to cooperate in the organization of the production of base oils at the Fergana oil refinery.
DYM Resources is a base oils and slack wax trading company selling base oil globally in bulk, flexi-containers, rail tank cars, and trucks.