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Neste sells its base oil business to Chevron

On October 4th 2021 an independent base oil supplier Neste from Finland announced the sale of its base oil business to Chevron Global Energy Inc. Neste is one the world’s biggest Group III base oil producers that has a refinery in Porvoo with a capacity of 250’000 tons per year. Chevron Corporation is one of the world’s […]
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Russian base oil exports grow 20% in August 

After a 12% decrease in July, Russian base oil rail and river exports in August reached 89’000 tons – the highest number since March this year. It is 20% more than the month before.   Lukoil increased base oil river exports from Volgograd to the Black Sea almost twice, while exports to Kaliningrad dropped 65% – from 16kt to 7kt. Lukoil is the only supply to terminal […]
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DYM Resources got Lithuanian VAT registration

DYM Resources recently completed the registration as a Value Added Tax (VAT) payer in Lithuania. In addition to that, the company has been previously registered as a VAT taxpayer in Estonia, Finland, Latvia and Germany, where DYM Resources is headquartered.   Yury Burenko, Managing Director of DYM Resources, says that getting VAT number in Lithuania is a part of […]
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DYM Resources completed ISCC EU and PLUS Basic Training

DYM Resources’s leading biofuel feedstock trader Jev Savins successfully completed ISCC EU and PLUS Basic Training. ISCC is a sustainability certification system covering the entire supply chain and all kinds of biobased feedstocks and renewables.      The seminar covered the following ISCC System components:  System Overview and Legal Framework  ISCC EU, ISCC PLUS and ISCC CORSIA: Commonalities and Differences  […]
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Base oil exports in Russia in July dropped 12%

   Russia’s base oil exports have reached their minimum since September 2020 on falling export demand and higher domestic prices in July. Comparing to June exports fell 12% and reached 78.13kt.   After reaching their peak at the end of May – early June, base oils prices started to fall, SN 150 fob Baltic prices fell by 230 USD/mt and SN 500 fob Baltic dropped 460 USD/mt from […]
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Russian base oil exports in May grows 4%

Total Russia rail exports in May slightly increased 3,6% as refineries are coming back from heavy maintenance round in March-April and peak season demand eases.   The most dramatic growth (47%) happened in Baltic exports – from 30,09kt to 44,16kt. This is the highest number for May since at least 2015.   The exports from the Black Sea […]
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Rosneft improves Yaroslavl paraffin NS quality

From July on DYM Resources is getting a new product in their portfolio – paraffin wax of a new improved type (NSu). It is produced at Slavneft-YANOS PJSC – one of the largest refineries of Russia. The capacity of Slavneft-YANOS refinery is 15 million tons of crude oil annually.   This paraffin wax can be used for making matches or as […]
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How COVID-19 impacted base oils and lubricants market

Lubricant consumption worldwide dropped by 30-50% in March-April 2020 but returned to previous levels in the second half of the year, according to Konstantin Melnichuk from a consulting and research enterprise Kline & Company.  The pandemic has severely impacted demand for lubricants in 2020 and worsened prospects for growth, Mr. Melnichuk said at CIS Base Oils […]
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