BAKU, Azerbaijan, August 3. Approximately 58,600 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on August 5, Trend reports.
Of the mentioned volume, 31,100 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Kermanshah Oil Refining Company’s 14,000 tons of distillation tower residue, 2,500 tons of solvent-402 products;
- Shazand Oil Refining Company’s 5,000 tons of CSO, 2,000 tons of solvent-402, 1,000 tons of normal hexane products;
- Persian Gulf Bid-Boland Gas Refining Company’s 4,000 tons of normal butane;
- Shiraz Oil Refining Company’s 1,500 tons of iso feed, 148 tons of solvent-404 products;
- Shimibaft Petrochemical Company’s 600 tons of MTBE;
- Tabriz Oil Refining Company’s 424 tons of solvent-402 products.
In addition, about 27,500 tons of products will be on sale on the international floor of the IRENEX:
- Iranian Shazand Oil Refining Company’s 10,000 tons of RCD (Reduced Crude Desulfurization) unit’s processed residue;
- National Iranian Oil Products Distribution Company’s 8,000 tons of aviation fuel (ATK);
- Fannavaran Petrochemical Company’s 5,600 tons of methanol;
- Tabriz Oil Refining Company’s 2,850 tons of solvent-402 products;
- Shimibaft Petrochemical Company’s 1,000 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 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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