BAKU, Azerbaijan, August 1. More than 34,100 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on August 1, Trend reports.
Of the mentioned volume, nearly 17,300 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Bouali Sina Petrochemical Company’s 5,000 tons of raffinate
- Shiraz Oil Refining Company’s 3,500 tons of iso recycle;
- Khangiran Gas Refining Company’s 3,010 tons of gas condensate;
- Bandar Abbas Oil Refining Company’s 2,000 tons of iso recycle;
- Tehran Oil Refining Company’s 1,000 tons of iso recycle;
- Shazand Petrochemical Company’s 1,000 tons of heavy distillate;
- Tabas Parvadeh Coal Company’s 600 tons of heavy tar oil;
- Bandar Imam Petrochemical Company’s 308 tons of heavy distillate, 320 tons of MTBE and 200 tons of liquefied gas products;
- Persian Gulf Fajr Energy Company’s 200 tons of liquid nitrogen;
- Amir Kabir Petrochemical Company’s 150 tons of hydrocarbon products.
At the same time, about 16,900 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;
- Bouali Sina Petrochemical Company’s 4,000 tons of heavy hydrocarbons;
- Esfahan Oil Refining Company’s 3,540 tons of solvent-502 and 710 tons of solvent-402 products;
- Tabriz Petrochemical Company’s 400 tons of hydrocarbons (C7–C9) and 200 tons of pentane 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 455,108 rials and the price of $1 is 413,024 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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