10th anniversary conference
Argus Oil Products 2017
30-31 March, Moscow, Russia
The conference held by Argus Media brought together the key players of the oil products market
Global price reporting agency Argus Media held its 10th Argus Oil Products conference in Moscow on 30-31 March. The event brought together oil product producers, importers, exporters, traders and shippers.
Russian petrochemicals and natural gas processing company Sibur supported the event this year.
More than 100 participants from 10 countries including Russia, Ukraine, Latvia, Slovakia, Switzerland, the UK and Norway discussed the present state of the global and Russian oil product markets at the conference.
Speakers included representatives of leading Russian firms, such as state-controlled Rosneft and Gazprommeft, Gazprombank and private-sector integrated oil company Tatneft, among others.
The first day of the conference was dedicated to the discussion of oil product transport and refinery upgrades, as well as the situation in neighbouring markets.
Tatneft’s deputy head of refining, Ayrat Shamsullin, spoke to delegates about the progress of upgrades at the Taneco refinery, located in Nizhnekamsk. The facility will begin producing Euro-5 gasoline and increase its Euro-5 diesel output when a new hydrotreater is commissioned.
Energy firm Cetracore’s chief executive, Petr Reshchikov, reported on the high-sulphur diesel market during a session focused on raising exports. Russia still exports a large amount of diesel with a high sulphur content, despite increased refinery yields, he said. More of this product is now sold to Africa, while new buyers have emerged who ship it to the Mediterranean region for further processing.
The Ukrainian Energy Exchange’s Alexey Lastovets updated delegates on Ukraine’s transport fuel market, highlighting new destinations for light product shipments. Other points of discussion included the declining transit of Russian products through the Baltic states and the modernisation of local terminals to handle petrochemicals.
The transport session on the first day of the conference was dedicated to different methods of shipment, with Gazprombank economic forecaster Kirill Nikoda outlining the advantages of rail deliveries over other means of transport. Speakers and delegates concluded that competition among shipping companies will persist, as product flows drop because of changes to tariffs and fiscal policies.
The day closed with an evening cocktail reception, which offered an opportunity for attendees to discuss important market issues in an informal atmosphere.
The second day of the conference started with a discussion of the Russian oil product market. A report presented by Gazpromneft executive Alexander Rodionov was of particular interest. Rodionov analysed the consumption of motor gasoline and diesel in Russia’s domestic market and proposed measures to counter the production of surrogate.
And Ust-Luga Oil’s chief executive, Konstantin Khamlay, shared his company’s plans to begin handling cargoes shipped by river and expand its scope of transshipped products.
A roundtable session focused on the monitoring of tariffs for crude and product railcars, with owners and operators able to share their ideas and proposals regarding the development of relevant reference prices.
The day ended with a roundtable on trading oil products on Russian exchanges. St Petersburg-based Spimex’s vice-president, Anton Karpov, told delegates about Transneft’s plans to reduce ex-tank delivery times for diesel at its oil terminals to two days, after it is granted the status of a commodity shipper. Participants also discussed the current state of exchange trading, questioning the reasons for a further cut to Spimex’s main trading window.
The next Argus Oil Products conference will be held in Tatarstan in March 2018.