Lubes’n’Greases, a renowned media in the field of lubricants, oils, and waxes, published Legion Oil & Gas LLC’ comment on the recent suspension on exports of base oils and lubes in Belarus.
After Moscow halted crude deliveries, Minsk government decided to reduce local impacts by pausing exports of base oils and finished lubricants. Belarus is a key base oils and finished lubes supplier to Ukraine market as well as significant exporter of Group I grades via Baltic ports. Naftan refinery produces SN 150, SN 500, SN 1200 and other less common grades.
Legion Oil & Gas LLC’ managing director Denis Varaksin noted that “the timing would be poor for any impact on base oils because the market recently began to pick up after demand was sluggish for most of 2019”
“Oil products output can be reduced by half”.
Read the full article by Boris Kamchev on Lubes’n’Greases.
Legion Oil & Gas LLC is a base oils and slack wax trading company selling base oil globally in bulk, flexi-containers, rail tank cars, and trucks.