BAKU, Azerbaijan, September 11. Overall, 54,200 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on September 11, Trend reports.
Of the mentioned volume, 15,500 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Abadan Oil Refining Company’s 4,000 tons of naphtha;
- Zagros Petrochemical Company’s 2,600 tons of methanol;
- Shiraz Petrochemical Company’s 2,000 tons of methanol;
- Kaveh Methanol Company’s 1,500 tons of methanol;
- South Pars Gas Company’s 1,260 tons of gas condensate;
- Bushehr Petrochemical Company’s 1,000 tons of methanol;
- Fannavaran Petrochemical Company’s 1,000 tons of methanol;
- Marjan Petrochemical Company’s 1,000 tons of methanol;
- Jam Petrochemical Company’s 300 tons of heavy distillate;
- Shimibaft Petrochemical Company’s 300 tons of MTBE;
- Middle East Pars Chemical Company’s 200 tons of methanol;
- Tabriz Petrochemical Company’s 150 tons of mazut, 100 tons of heavy distillate, 60 tons of pentane and 42 tons of liquid nitrogen products.
At the same time, over 38,700 tons of products will be on sale on the international floor of the IRENEX:
- Iranian Persian Gulf Star Oil Company’s 20,200 tons of white oil;
- Abadan Oil Refining Company’s 15,000 tons of liquefied petroleum gas (LPG);
- South Pars Gas Company’s 2,530 tons of gas condensate;
- Shimibaft Petrochemical Company’s 1,000 tons of MTBE products.
Meanwhile, total sales at the Iran Energy Exchange (IRENEX) were 27.7 trillion rials (about $67.1 million) during the last Iranian week (September 2 through September 6, 2023), representing a 32 percent decrease from the previous week (August 26 through August 30, 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 441,667 rials and the price of $1 is 412,839 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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