BAKU, Azerbaijan, November 29. More than 63,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on November 29, Trend reports.
Of the mentioned volume, 13,300 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-Boland Gas Refining Company’s 4,000 tons of pentane and 400 tons of normal butane products;
- Khangiran Gas Refining Company’s 3,010 tons of gas condensate;
- Esfahan Oil Refining Company’s 500 tons of normal hexane;
- Amir Kabir Petrochemical Company’s 150 tons of carbon distillate;
- Bandar Imam Petrochemical Company’s 138 tons of MTBE;
- Shiraz Oil Refining Company’s 100 tons of iso-feed products.
Furthermore, about 50,000 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Pars Behin Qeshm Oil Refining Company’s 20,000 tons of light distillate;
- Shazand Oil Refining Company’s 10,000 tons of RCD (Reduced Crude Desulfurization) unit’s processed residue;
- Bandar Abbas Oil Refining Company’s 6,000 tons of LPG and 276 tons of MTBE;
- Abadan Oil Refining Company’s 5,000 tons of LCO;
- Persian Gulf Star Oil Company’s 5,000 tons of butane gas;
- Persian Gulf Bid-Boland Gas Refining Company’s 3,000 tons of pentane;
- Fannavaran Petrochemical Company’s 600 tons of methanol 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 461,754 rials and the price of $1 is 419,596 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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