BAKU, Azerbaijan, September 7. More than 100,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on September 9, Trend reports.
Of the mentioned volume, 1,500 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Shazand Petrochemical Company’s 1,000 tons of heavy distillate;
- Zarand Iranian Steel Company’s 500 tons of tar products.
Also, 99,000 tons of products will be on sale on the international floor of the IRENEX:
- Iranian Lavan Oil Refining Company’s 64,000 tons of naphtha;
- Abadan Oil Refining Company’s 35,000 tons of diesel products.
Meanwhile, total sales at the Iran Energy Exchange (IRENEX) were 40.8 trillion rials (about $98.8 million) during the last Iranian week (August 26 through August 30, 2023), representing a 25 percent increase from the previous week (August 19 through August 23, 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 442,318 rials and the price of $1 is 412,845 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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