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Iran’s Energy Exchange reveals products to be on sale for September 25

Oil&Gas Materials 24 September 2023 11:33 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, September 24. More than 14,400 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on September 25, Trend reports.

According to the IRENEX, the mentioned volume of products will be on sale on the domestic floor of the energy exchange.

The following goods are to be offered:

- Iranian Bandar Abbas Oil Refining Company’s 3,000 tons of iso-recycle;

- Zagros Petrochemical Company’s 2,600 tons of methanol;

- Kaveh Methanol Company’s 1,800 tons of methanol and 315 tons of liquid oxygen products;

- Shiraz Petrochemical Company’s 1,700 tons of methanol;

-Tehran Oil Refining Company’s 1,000 tons of iso-recycle and 1,000 tons of liquefied petroleum gas (LPG);

- Shazand Oil Refining Company’s 1,000 tons of heavy distillate;

- Middle East Pars Petrochemical Company’s 1,000 tons of methanol;

- Marjan Petrochemical Company’s 1,000 tons of methanol;

- Bushehr Petrochemical Company’s 1,000 tons of methanol;

- Tabriz Petrochemical Company’s 60 tons of pentane and 42 tons of liquid nitrogen products.

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 outlets, where the price of 1 euro is 439,009 rials and the price of $1 is 411,836 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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