BAKU, Azerbaijan, April 29. The value of total sales at the Iran Energy Exchange (IRENEX) decreased by 72 percent, during the last Iranian week (April 22 through April 26, 2023), compared to the previous week (April 15 through April 19, 2023), Trend reports citing the IRENEX.
According to the report, the value of total sales at the IRENEX for the last week amounted to 10 trillion rials (about $23.8 million). The figure stood at 36.1 trillion rials (about $78 million) in the previous week.
In total, 55,200 tons of hydrocarbon products worth 9.76 trillion rials (about $23.3 million) were sold at the Iran Energy Exchange within the last week.
Of that, 6.5 trillion rials (about $15.5 million) worth of products were sold on the domestic floor, while 3.26 trillion rials (about $7.77 million) worth – on the international floor of the IRENEX.
Also, 2.54 million kilowatt-hours of electricity worth 21 billion rials (about $50,000) were sold at the country’s energy exchange within the mentioned period.
At the same time, Standard Parallel Salaf (Islamic contract, similar to futures) documents worth 64 billion rials (about $152,000) were also sold at the energy exchange.
According to the IRENEX, 6,000 certificates of deposit for crude oil and gas condensate worth 150 billion rials (about $357,000) were sold at the Iran Energy Exchange during the last week.
As of March 12, 2023, Iran has started the sale of certificates of deposit for crude oil and gas condensate at the Iran Energy Exchange (IRENEX). Iran intends to sell 72 million barrels (36 million barrels of crude oil, 36 million barrels of gas condensate) of crude oil and gas condensate with deposit certificates at the Energy Exchange.
Those who want to buy deposit certificates at the Iran Energy Exchange should buy at least 1,000 barrels of crude oil and 500 barrels of gas condensate. The certificates of deposit can be purchased directly by legal entities and by individuals only through portfolio companies.
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 463,339 rials, and the price of $1 is 419,660 rials.
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