BAKU, Azerbaijan, July 31. Overall, 30,900 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX), on July 31, Trend reports.
Of the mentioned volume, 21,800 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Abadan Oil Refining Company’s 4,000 tons of naphtha, 3,000 tons of LCO and 2,000 tons of CO products;
- Kaveh Methanol Company’s 1,000 tons of methanol, 315 tons of liquid oxygen and 230 tons of liquid nitrogen products;
- Zagros Petrochemical Company’s 2,800 tons of methanol;
- Shiraz Petrochemical Company’s 1,700 tons of methanol;
- Fannavaran Petrochemical Company’s 1,510 tons of methanol;
- Bushehr Petrochemical Company’s 1,000 tons of methanol;
- Abadan Oil Refining Company’s 2,000 tons of iso feed;
- Bandar Abbas Oil Refining Company’s 635 tons of solvent-402 and 300 tons of propane products;
- Shazand Oil Refining Company’s 500 tons of iso recycle;
- Tabriz Petrochemical Company’s 250 tons of mazut, 150 tons of heavy distillate and 60 tons of liquid nitrogen products;
- Jam Petrochemical Company’s 300 tons of heavy distillate;
- Shimibaft Petrochemical Company’s 300 tons of MTBE products.
Moreover, 9,100 tons of products will be on sale on the international floor of the IRENEX:
- Iranian Pars Behin Qeshm Oil Refining Company’s 8,000 tons of naphtha;
- Tabriz Petrochemical Company’s 200 tons of pentane and 400 tons of hydrocarbons (C7-C9);
- Shimibaft Petrochemical Company’s 500 tons of MTBE products.
Meanwhile, the value of total sales at the Iran Energy Exchange (IRENEX) stood at approximately 33.6 trillion rials (about $81.3 million) during the last Iranian week (July 22 through July 26, 2023), which is an increase of 40 percent compared to the preceding week (July 15 through July 19, 2023).
The products at Iran Energy Exchange (IRENEX) are sold at 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 454,907 rials, and the price of $1 is 413,048 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 to increase exports.
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