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Iran to put up large batch of hydrocarbons on sale at its energy exchange on August 9

Oil&Gas Materials 9 August 2023 10:30 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, August 9. More than 136,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on August 9, Trend reports.

Of the mentioned volume, about 19,600 tons will be on sale on the domestic floor of the energy exchange.

The following goods are to be offered:

- Iranian Esfahan Oil Refining Company’s 5,000 tons of heavy naphtha;

- Shazand Oil Refining Company’s 5,000 tons of CSO;

- Persian Gulf Bid-Boland Gas Refining Company’s 4,000 tons of pentane and 400 tons of normal butane products;

- Ilam Petrochemical Company’s 3,000 tons of pyrolysis gasoline;

- Bandar Abbas Oil Refining Company’s 2,000 tons of naphtha products;

- Amir-Kabir Petrochemical Company’s 150 tons of hydrocarbon products.

Furthermore, approximately 117,000 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 and 15,000 tons of liquefied petroleum gas (LPG) products;

- Kharg Petrochemical Company’s 20,000 tons of naphtha;

- Persian Gulf Star Oil Company’s 9,000 tons of distillation tower residue;

- Bouali Sina Petrochemical Company’s 9,830 tons of heavy hydrocarbons and 7,000 tons of Raffinate products;

- Nouri Petrochemical Company’s 21,000 tons of Raffinate and 15,100 tons of heavy distillate and 10,000 tons of light naphtha products.

Meanwhile, total sales at the Iran Energy Exchange (IRENEX) were approximately 10.6 trillion rials (about $25.6 million) during the previous Iranian week (July 22 through July 26, 2023), representing a 68.5 percent decrease from the previous week (July 22 through July 26, 2023).

Iran Energy Exchange (IRENEX) sells its products 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 452,863 rials and the price of $1 is 413,563 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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