BAKU, Azerbaijan, December 5. Some 58,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on December 5, Trend reports.
Of the mentioned volume, 23,700 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 5,000 tons of heavy naphtha, 1,000 tons of normal hexane, 360 tons of solvent-402, 356 tons of solvent-400, 356 tons of solvent-402, 356 tons of solvent-502, 356 tons of solvent-503 and 180 tons of normal pentane products;
- Shazand Oil Refining Company’s 5,000 tons of CSO;
- South Pars Gas Company’s 3,790 tons of gas condensate;
- Bandar Abbas Oil Refining Company’s 2,600 tons of naphtha;
- Shazand Petrochemical Company’s 1,010 tons of heavy distillate;
- Khouzestan Steel Company’s 616 tons of liquid nitrogen and 616 tons of liquid oxygen;
- Mobarakeh Steel Company’s 500 tons of liquid oxygen and 200 tons of liquid nitrogen products;
- Bandar Imam Petrochemical Company’s 400 tons of liquefied gas, 308 tons of heavy distillate products;
- Mobin Petrochemical Company’s 300 tons of liquid nitrogen;
- Bushehr Petrochemical Company’s 110 tons of pentane plus;
- Persian Gulf Fajr Energy Company’s 200 tons of liquid nitrogen and 75 tons of liquid oxygen products;
- Razi Petrochemical Company’s 40 tons of gas condensate products.
Moreover, 34,400 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Persian Gulf Star Oil Company’s 20,000 tons of LPG;
- Abadan Oil Refining Company’s 10,900 tons of diesel and 3,000 tons of LPG;
- Tabriz Petrochemical Company’s 300 tons of Raffinate and 200 tons of pentane products.
Meanwhile, the value of total sales at the IRENEX was around 20.9 trillion rials (about $49.6 million) during the last Iranian week (Nov. 25 through Nov. 29, 2023), representing a 61.7-percent decline from the previous week (Nov. 18 through Nov. 22, 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 457,335 rials and the price of $1 is 422,577 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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