BAKU, Azerbaijan, August 16. More than 127,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on August 16, Trend reports.
Of the mentioned volume, 9,400 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 iso-feed;
- Nouri Petrochemical Company’s 4,000 tons of heavy distillate;
- Persian Gulf Bid-Boland Gas Refining Company’s 400 tons of normal butane products.
Furthermore, 118,000 tons of products will be on sale on the international floor of the IRENEX:
- Iranian Abadan Oil Refining Company’s 35,000 tons of naphtha products;
- Nouri Petrochemical Company’s 20,000 tons of Raffiante, 15,100 tons of heavy distillate and 10,000 tons of light naphtha products;
- Shazand Petrochemical Company’s 10,000 tons of pyrolysis gasoline;
- Fannavaran Petrochemical Company’s 5,600 tons of methanol;
- Bouali Sina Petrochemical Company’s 9,830 tons of heavy hydrocarbons, 7,000 tons of Raffinate products;
- Persian Gulf Bid-Boland Gas Refining Company’s 3,000 tons of pentane;
- Shimibaft Petrochemical Company’s 2,500 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 451,531 rials and the price of $1 is 413,204 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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