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According to recent news from "Europe, Middle East and Africa Lubricants Weekly", driven by increased domestic and foreign demand, the output of Russian lubricant base oils in the first nine months of 2021 increased by 14% year-on-year
.
The country's base oil exports have also increased
.
Moscow-based consulting company B2X said that in the first nine months of 2020, when the epidemic was raging, Russia produced 943,000 tons of base oil, compared with 1.
1 million tons in the same period this year, an increase of 14%
.
In September, Russia produced 131,000 tons of base oil, an increase of 39% over the same period in 2020
.
According to data from DYM Resources, a Berlin-based base oil and commodities trading company, Russian base oil exports reached 871,000 tons in the first nine months of 2021
.
Denis Varaksin, senior manager of DYM, said that Russian base oil exports fell by 12% in July and increased by 20% in August due to declining demand at export destinations and rising domestic lubricant prices
.
DYM data shows that the base oil exports of Russia's Lukoil from Volgograd in September increased by 25% compared with August
.
Russia’s base oil exports in Kaliningrad, the Baltic Sea, fell by 65% in August compared to July, and exports in September increased from 7,000 tons in August to 19,000 tons
.