BAKU, Azerbaijan, October 11. In total, 150,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on October 11, Trend reports.
Of the mentioned volume, more than 18,000 tons will be on sale on the domestic ring of the energy exchange.
The following goods are to be offered:
- Iranian Shazand Oil Refining Company’s 5,000 tons of CSO;
- Persian Gulf Bid-Bolan Gas Refining Company’s 4,000 tons of pentane and 400 tons of butane products;
- Nouri Petrochemical Company’s 4,000 tons of heavy distillate;
- Bandar Abbas Oil Refining Company’s 3,000 tons of naphtha;
- Iranol Oil Company’s 832 tons of light extracts (DAE-10);
- Shiraz Oil Refining Company’s 500 tons of iso-recycle, 500 tons of iso-feed and 148 tons of solvent-404 products.
In addition, 132,000 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Abadan Oil Refining Company’s 35,000 tons of diesel and 10,000 tons of liquefied petroleum gas (LPG);
- Nouri Petrochemical Company’s 21,000 tons of Raffinate, 15,100 tons of heavy distillate, and 10,000 tons of light naphtha products;
- Bouali Sina Petrochemical Company’s 9,830 tons of heavy hydrocarbons and 7,000 tons of Raffinate products;
- Tabriz Oil Refining Company’s 6,000 tons of LPG:
- Persian Gulf Star Oil Company’s 5,000 tons of butane;
- Esfahan Oil Refining Company’s 4,000 tons of LPG:
- Persian Gulf Bid-Boland Gas Refining Company’s 3,000 tons of pentane;
- Shimibaft Petrochemical Company’s 3,000 tons of Raffinate-2;
- Kermanshah Oil Refining Company’s 3,000 tons of normal butane products.
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 437,533 rials and the price of $1 is 412,073 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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