BAKU, Azerbaijan, Nov. 15
By Elnur Baghishov – Trend:
The Iranian Persian Gulf Star Oil Company sold products worth 23.8 trillion rials (about $87 million) at the Iran Energy Exchange (IRENEX) in the 2nd month of the current Iranian year (April 21 through May 21, 2021), said the official IRENEX report obtained by Trend.
According to the IRENEX, the Persian Gulf Star Oil Company sold 95,000 tons of naphtha products on the international floor of the IRENEX in the second month.
In addition, the company sold 930,000 barrels of heavy distillate on the international floor of the Iran Energy Exchange over the reporting month.
Reportedly, the Iranian Persian Gulf Star Oil Company sold a total of 38.5 trillion rials (about $143 million) worth of products at the IRENEX, during the first two months of the current Iranian year (March 21 through May 21, 2021).
The products at Iran Energy Exchange (IRENEX) are sold under the SANA exchange rate.
The SANA system is a system introduced by the Central Bank of Iran to the currency exchange offices, where the price of 1 euro is currently 313,815 rials, and the price of $1 is 274,208 rials.
As reported, Iran's Persian Gulf Star Oil Company is located in the Hormozgan Province (southern Iran). The company can produce 47 million liters of gasoline daily in accordance with Euro 5 standard. In addition, the company produces naphtha, heavy distillate, various types of solvent, LPG and other products.
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