BAKU, Azerbaijan, October 1. Overall, 5,100 tons of various hydrocarbon products are to be on sale at the Iran Energy Exchange (IRENEX) on October 1, Trend reports.
The mentioned products are to be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Abdan Oil Refining Company’s 4,000 tons of naphtha;
- Bandar Abbas Oil Refining Company’s 1,060 tons of solvent-402 products;
- Razi Petrochemical Company’s 40 tons of gas condensate products.
Meanwhile, the value of total sales at the IRENEX for the last week was around 50.5 trillion rials (about $123 million) during the last Iranian week (Sept. 16 through Sept. 20, 2023), representing a 25 percent decrease from the previous week (Sept. 9 through Sept. 13, 2023).
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 436,131 rials and the price of $1 is 411,964 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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