BAKU, Azerbaijan, December 6. Approximately 36,500 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on December 6, Trend reports.
Of the mentioned volume, around 18,200 tons will be on sale on the domestic ring of the energy exchange.
The following goods are to be offered:
- Iranian Abadan Oil Refining Company’s 5,000 tons of LCO, 5,000 tons of distillation tower residue and 500 tons of butane products;
- Persian Gulf Bid-Boland Gas Refining Company’s 4,000 tons of pentane and 400 tons of butane products;
- Bandar Abbas Oil Refining Company’s 2,000 tons of iso-recycle;
- Zarand Steel Company’s 650 tons of tar;
- Tabriz Oil Refining Company’s 500 tons of solvent-402 products;
- Bandar Imam Petrochemical Company’s 138 tons of MTBE products.
Also, about 18,300 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Shazand Oil Refining Company’s 10,000 tons of RCD (Reduced Crude Desulfurization) unit’s processed residue;
- 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;
- Bandar Imam Petrochemical Company’s 276 tons of MTBE 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 455,610 rials and the price of $1 is 422,423 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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