BAKU, Azerbaijan, October 4. More than 99,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on October 4, Trend reports.
Of the mentioned volume, over 20,000 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- The National Iranian Oil Products Distribution Company’s 5,300 tons of white oil;
- Nouri Petrochemical Company’s 4,000 tons of heavy distillate;
- Bouali Sina Petrochemical Company’s 3,000 tons of heavy hydrocarbons, 3,000 tons of Raffinate and 3,000 tons of reformate products;
- Pars Petrochemical Company’s 1,000 tons of pentane plus;
- Persian Gulf Bid-Boland Gas Refining Company’s 400 tons of normal butane;
- Persian Gulf Fajr Energy Company’s 200 tons of liquid nitrogen;
- Bandar Imam Petrochemical Company’s 120 tons of MTBE products.
Also, over 79,100 tons of products will be on sale on the international floor of the IRENEX:
- Iranian Abadan Oil Refining Company’s 15,000 tons of liquefied petroleum gas (LPG);
- Bouali Sina Petrochemical Company’s 13,800 tons of heavy hydrocarbons and 10,000 tons of Raffinate products;
- Persian Gulf Star Oil Company’s 10,100 tons of white oil;
- Shazand Oil Refining Company’s 10,000 tons of RCD (Reduced Crude Desulfurization) unit’s processed residue;
- Nouri Petrochemical Company’s 10,000 tons of light naphtha and 2,000 tons of heavy distillate and 1,000 tons of Raffinate products;
- National Iranian Oil Products Distribution Company’s 4,000 tons of aviation fuel (ATK);
- Persian Gulf Bid-Boland Gas Refining Company’s 3,000 tons of pentane;
- Bandar Imam Petrochemical Company’s 240 tons of MTBE products.
Meanwhile, the value of total sales at the IRENEX for the last week was around 16.7 trillion rials (about $40.4 million) during the last Iranian week (Sept. 23 through Sept. 27, 2023), representing a 67 percent decrease from the previous week (Sept. 16 through Sept. 20, 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 430,823 rials and the price of $1 is 412,151 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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