State-owned Gazpromneft has offered HVI-2 and VHVI-4 base oils from Yaroslavl Refinery for export, according to data received by Legion Oil & Gas LLC.
Yaroslavl Refinery launched 100,000 tons/year Group III base oils last summer 2017, but could not stabilize production quality by June.
They do not guarantee minimum viscosity index in its specifications, although typical VI stands at 120, which is the minimum required to classify for Group III according to American Petroleum Institute (API) definition.
The feedstock quality has changed during the project implementation and the unit needed different catalysts to maintain a high quality of production, market participants say. The refinery planned to improve Group III products quality by the end of 2018.
For June, loading consists of around 800 tons of HVI-2 (API Group II base oils with viscosity at 100C at 2 cst) and about 600 tons of HVHI-4 (API Group III, viscosity 4 cst).
Yaroslavl Refinery already exports its Group III products via Baltic ports. Rosneft sells export volume through monthly tenders, while Gazprom allocates base oils through distributors.
Legion Oil & Gas LLC GmbH is a base oils trading company with main office in Berlin. The company can offer base oils refinery in flexi containers, liquid trucks, or other form of packing. To receive a quote, please email us at info@legionoilandgas.com
