BAKU, Azerbaijan, August 15. In total, 92,900 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on August 15, Trend reports.
Of the mentioned volume, 10,100 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Middle East Mines and Minerals Industries Development Holding Company’s 2,000 tons of coal;
- Tehran Oil Refining Company’s 1,500 tons of heavy naphtha, 1,000 tons of liquefied petroleum gas (LPG) and 800 tons of iso-recycle products;
- Tabas Parvadeh Coal Company’s 1,000 tons of heavy tar oil;
- Esfahan Oil Refining Company’s 720 tons of solvent-402, 712 tons of solvent-502 and 712 tons of solvent-503 products;
- Abadan Oil Refining Company’s 500 tons of butane gas;
- Bushehr Petrochemical Company’s 110 tons of pentane plus;
- Bandar Imam Petrochemical Company’s 308 tons of heavy distillate, 200 tons of liquefied gas and 120 tons of MTBE products;
- Persian Gulf Fajr Energy Company’s 200 tons of liquid nitrogen;
- Iran Chemical Industries Investment Company’s 100 tons of heavy distillate and 100 tons of Raffinate products.
In addition, 82,800 tons of products will be on sale on the international floor of the IRENEX:
- Iranian Abadan Oil Refining Company’s 35,000 tons of diesel and 35,000 tons of naphtha products;
- Bouali Sina Petrochemical Company’s 4,000 tons of heavy hydrocarbons, 3,000 tons of Raffinate and 1,000 tons of LPG;
- National Iranian Oil Products Distribution Company’s 4,000 tons of white oil;
- Tabriz Petrochemical Company’s 400 tons of hydrocarbons (C7-C9) and 200 tons of pentane products;
- Bandar Imam Petrochemical Company’s 240 tons of MTBE products.
Meanwhile, total sales at the Iran Energy Exchange (IRENEX) were approximately 37.1 trillion rials (about $89.8 million) during the last Iranian week (August 5 through August 9, 2023), representing a 250-percent increase compared to the preceding week (July 29 through August 2, 2023).
Iran Energy Exchange (IRENEX) sells its products at the SANA exchange rate.
SANA system is a system introduced by the Central Bank of Iran to the currency exchange offices, where the price of 1 euro is 453,771 rials and the price of $1 is 413,261 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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