BAKU, Azerbaijan, November 13. About 46,200 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on November 13, Trend reports.
Of the mentioned volume, around 14,200 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Zagros Petrochemical Company’s 2,600 tons of methanol;
- Abadan Oil Refining Company’s 2,000 tons of naphtha and 2,000 tons of iso-feed products;
- Kaveh Methanol Company’s 1,800 tons of methanol;
- Shiraz Petrochemical Company’s 1,200 tons of methanol;
- Bushehr Petrochemical Company’s 1,000 tons of methanol;
- Kimia Pars Middle East Petrochemical Company’s 1,000 tons of methanol;
- Fannavaran Petrochemical Company’s 1,000 tons of methanol;
- Marjan Petrochemical Company’s 500 tons of methanol;
- Shimibaft Petrochemical Company’s 500 tons of MTBE;
- Jam Petrochemical Company’s 200 tons of heavy distillate;
- Tabriz Petrochemical Company’s 150 tons of mazut, 100 tons of heavy distillate, 60 tons of pentane and 42 tons of liquid nitrogen products.
Moreover, 32,000 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 and 5,000 tons of butane gas;
- Shazand Petrochemical Company’s 10,000 tons of pyrolysis gasoline;
- Esfahan Oil Refining Company’s 5,000 tons of LPG;
- Bistoon Petrochemical Company’s 200 tons of Raffinate products.
Meanwhile, the value of total sales at the IRENEX was about 38.5 trillion rials (about $92.9 million) during the last Iranian week (Nov. 4 through Nov. 8, 2023), representing a 20.5 percent decline from the previous week (Oct. 28 through Nov. 1, 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 442,877 rials and the price of $1 is 414,444 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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