BAKU, Azerbaijan, December 2. Over 28,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on December 2, Trend reports.
Of the mentioned volume, 9,530 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 3,500 tons of liquefied petroleum gas (LPG);
- Bandar Abbas Oil Refining Company’s 2,000 tons of iso-recycle;
- Kermanshah Oil Refining Company’s 1,500 tons of light naphtha;
- Tabriz Oil Refining Company’s 500 tons of iso-feed, 500 tons of iso-recycle, 424 tons of solvent-402, and 106 tons of solvent-404 products;
- Iran Chemical Industries Investment Company’s 500 tons of raffinate and 500 tons of heavy distillate products.
Furthermore, 18,800 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Persian Gulf Star Oil Company’s 13,500 tons of white oil;
- Esfahan Oil Refining Company’s 5,300 tons of solvent-402 products.
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 456,766 rials and the price of $1 is 419,829 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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