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Iran's Energy Exchange reveals products on sale for Oct. 25

Oil&Gas Materials 25 October 2023 10:20 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, October 25. About 47,400 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on October 25, Trend reports.

Of the mentioned volume, over 25,000 tons will be on sale on the domestic ring of the energy exchange.

The following goods are to be offered:

- Iranian Esfahan Oil Refining Company’s 8,000 tons of iso-recycle;

- Shazand Oil Refining Company’s 5,000 tons of CSO and 1,000 tons of normal hexane products;

- Persian Gulf Bid-Boland Gas Refining Company’s 4,000 tons of pentane and 400 tons of normal butane products;

- Elixir Halal Assaluyeh Petrochemical Company’s 2,000 tons of light hydrocarbons and 90 tons of normal pentane products;

- Kermanshah Oil Refining Company’s 2,000 tons of solvent-402;

- Shiraz Oil Refining Company’s 1,500 tons of iso-recycle, 500 tons of iso-feed and 148 tons of solvent-404 products;

- Iran Chemical Industries Investment Company’s 500 tons of heavy distillate and 500 tons of Raffinate products;

- Mobin Petrochemical Company’s 300 tons of liquid nitrogen;

- Amir Kabir Petrochemical Company’s 150 tons of various hydrocarbon products.

Also, 22,300 tons of products will be on sale on the export ring of the IRENEX:

- Iranian Persian Gulf Star Oil Company’s 11,800 tons of white oil;

- Kangan Petro Refining Company’s 7,000 tons of pentane;

- Persian Gulf Bid-Boland Gas Refining Company’s 3,000 tons of pentane;

- Tabriz Petrochemical Company’s 500 tons of Raffinate products.

Meanwhile, the value of total sales at the IRENEX flirted around 46.2 trillion rials (about $112 million) during the last Iranian week (Oct. 14 through Oct. 19, 2023), representing an 11.3 percent increase from the previous week (Oct. 7 through Oct. 12, 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 437,020 rials and the price of $1 is 412,563 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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