BAKU, Azerbaijan, October 18. Approximately 100,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on October 18, Trend reports.
Of the mentioned volume, about 16,000 tons will be on sale on the domestic ring of the energy exchange.
The following goods are to be offered:
- Iranian Shazand Oil Refining Company’s 5,000 tons of CSO;
- Persian Gulf Bid-Boland Gas Refining Company’s 4,000 tons of pentane and 400 tons of normal butane products;
- Nouri Petrochemical Company’s 4,000 tons of heavy distillate;
- Bandar Abbas Oil Refining Company’s 2,000 tons of butane;
- Pars Petrochemical Company’s 506 tons of pentane plus products.
At the same time, around 84,000 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Persian Gulf Star Oil Company’s 35,000 tons of naphtha, 12,000 tons of liquefied gas (LPG) and 10,100 tons of white oil products;
- Shazand Oil Refining Company’s 10,000 tons of RCD (Reduced Crude Desulfurization) unit’s processed residue;
- Bouali SIna Petrochemical Company’s 9,830 tons of heavy hydrocarbons and 7,000 tons of Raffinate products;
- Abadan Oil Refining Company’s 5,000 tons of LPG;
- Persian Gulf Bid-Boland Gas Refining Company’s 3,000 tons of pentane;
- Nouri Petrochemical Company’s 2,000 tons of heavy distillate;
- Bandar Imam Petrochemical Company’s 240 tons of MTBE products.
Meanwhile, the value of total sales at the IRENEX was around 41.5 trillion rials (about $101 million) during the last Iranian week (Oct. 7 through Oct. 12, 2023), representing a 75.8 percent increase from the previous week (Sept. 30 through Oct. 4, 2023).
Iran Energy Exchange (IRENEX) sells its products at the SANA exchange rate.
The SANA system is a system introduced by the Central Bank of Iran to the currency exchange outlets, where the price of 1 euro is 436,594 rials and the price of $1 is 412,220 rials.
The sale of hydrocarbon products at the Iran Energy Exchange is of great importance to the country’s economy. Through the energy exchange, Iran seeks to provide hydrocarbon products needed by local companies as well as increase exports.
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