BAKU, Azerbaijan, November 28. In total, 23,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on November 28, Trend reports.
Of the mentioned volume, 9,160 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 2,000 tons of solvent-402 and 1,500 tons of iso-recycle products;
- Kermanshah Oil Refining Company’s 1,500 tons of solvent-402;
- Shazand Petrochemical Company’s 1,010 tons of heavy distillate;
- Tehran Oil Refining Company’s 1,000 tons of iso-recycle, 212 tons of solvent-402 products;
- Khuzestan Steel Company’s 616 tons of liquid nitrogen and 616 tons of liquid oxygen products;
- Bandar Imam Petrochemical Company’s 308 tons of heavy distillate and 200 tons of liquefied gas;
- Persian Gulf Fajr Energy Company’s 200 tons of liquid nitrogen products.
At the same time, 13,900 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Kermanshah Oil Refining Company’s 10,000 tons of distillation tower residue;
- Abadan Oil Refining Company’s 3,000 tons of liquefied petroleum gas (LPG);
- Tabriz Petrochemical Company’s 400 tons of hydrocarbons (C7-C9), 300 tons of Raffinate and 200 tons of pentane products.
Meanwhile, the value of total sales at the IRENEX was 54.6 trillion rials (about $131 million) during the last Iranian week (Nov. 18 through Nov. 22, 2023), representing a 147-percent decline from the previous week (Nov. 11 through Nov. 15, 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 458,014 rials and the price of $1 is 418,761 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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