BAKU, Azerbaijan, October 10. More than 35,700 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on October 10, Trend reports.
Of the mentioned volume, 25,400 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Esfahan Oil Refining Company’s 8,000 tons of iso-recycle;
- Bandar Abbas Oil Refining Company’s 3,000 tons of light naphtha and 2,000 tons of iso-feed;
- Bouali Sina Petrochemical Company’s 3,000 tons of heavy hydrocarbons and 3,000 tons of Raffinate products;
- Elixir Halal Assaluyeh Petrochemical Company’s 2,000 tons of light hydrocarbons and 200 tons of normal hexane products;
- Abadan Oil Refining Company’s 2,000 tons of iso feed;
- Shazand Petrochemical Company’s 1,000 tons of heavy distillate;
- Khuzestan Steel Company’s 616 tons of liquid nitrogen and 198 tons of liquid oxygen products;
- Persian Gulf Fajr Energy Company’s 200 tons of liquid nitrogen and 75 tons of liquid oxygen;
- Bandar Imam Petrochemical Company’s 120 tons of MTBE products.
In addition, 10,300 tons of products will be on sale on the international floor of the IRENEX:
- Iranian Bouali Sina Petrochemical Company’s 4,000 tons of heavy hydrocarbons, 3,000 tons of Raffinate and 1,000 tons of liquefied petroleum gas (LPG);
- Shimibaft Petrochemical Company’s 1,500 tons of MTBE;
- Tabriz Petrochemical Company’s 400 tons of hydrocarbons (C7-C9) and 200 tons of pentane products;
- Bandar Imam Petrochemical Company’s 240 tons of MTBE.
Meanwhile, the value of total sales at the IRENEX for the last week was around 23.6 trillion rials (about $57.3 million) during the last Iranian week (Sept. 30 through Oct. 4, 2023), representing a 41.5 percent increase from the previous week (Sept. 23 through Sept. 27, 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 434,350 rials and the price of $1 is 412,095 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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