BAKU, Azerbaijan, February 21. The value of total sales at the Iran Energy Exchange (IRENEX) for the 11th month of the current Iranian year (January 21 through February 19, 2023), decreased by 29 percent compared to the 10th month (December 22, 2022 through January 20, 2023), Trend reports citing the IRENEX.
In total, the value of sales at the IRENEX for the reporting period amounted to 86.3 trillion rials (about $281 million), while the figure stood at 122 trillion rials (about $398 million) in the 10th month.
About 390,000 tons of hydrocarbon products worth approximately 71.6 trillion rials (about $233 million) were sold at the Iran Energy Exchange within the 11th month. This is a decrease of 37 percent in value and 45 percent in volume compared to the 10th month.
During the 11th month, 44 trillion rials (about $143 million) worth of hydrocarbon products were sold on the domestic floor of the IRENEX, which is an increase of 7.5 percent compared to the 10th month.
The main goods sold on the domestic floor were methanol, light naphtha, iso recycle, solvent 402, iso feed and etc.
Furthermore, approximately 27.6 trillion rials (about $89.8 million) worth of goods was sold on the international floor of the IRENEX for the 11th month, which is a decrease of 62 percent in value compared to the 10th month.
The main goods sold on the international floor were solvent 402, naphtha, distillation tower residue, liquefied petroleum gas (LPG), gasoline and etc.
Moreover, about 589 million kilowatt-hours of electricity worth 418 billion rials (about $1.36 million) were sold at the IRENEX within the 11th month.
At the same time, Standard Parallel Salaf (Islamic contract, similar to futures) documents worth 14.3 trillion rials (about $46.7 million) were also sold at the energy exchange in the 11th month.
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 328,296 rials, and the price of $1 is 306,930 rials.
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