BAKU, Azerbaijan, December 11. More than 21,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on December 11, Trend reports.
Of the mentioned volume, 20,300 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 3,000 tons of CO;
- Shiraz Oil Refining Company’s 3,000 tons of light naphtha;
- Zagros Petrochemical Company’s 2,400 tons of methanol;
- Kaveh Methanol Company’s 1,800 tons of methanol;
- Shiraz Petrochemical Company’s 1,700 tons of methanol;
- Esfahan Oil Refining Company’s 1,000 tons of normal hexane, 720 tons of solvent-402, 712 tons of solvent-502, 712 tons of solvent-503, 360 tons of pentane, 356 tons of solvent-400 and 356 tons of solvent-40 products;
- Bushehr Petrochemical Company’s 1,000 tons of methanol and 450 tons of liquid nitrogen products;
- Fannavaran Petrochemical Company’s 1,000 tons of methanol;
- Marjan Petrochemical Company’s 1,000 tons of methanol;
- Shimibaft Petrochemical Company’s 500 tons of MTBE;
- Mobarakeh Steel Company’s 300 tons of liquid nitrogen;
- Jam Petrochemical Company’s 200 tons of heavy distillate;
- Tabriz Petrochemical Company’s 100 tons of heavy distillate and 42 tons of liquid nitrogen products;
- Razi Petrochemical Company’s 60 tons of pentane and 40 tons of gas condensate products.
Furthermore, 1,000 tons of MTBE products belonging to Iranian Shimibaft Petrochemical Company will be on sale on the export ring of the IRENEX.
Meanwhile, the value of total sales at the IRENEX was around 48.2 trillion rials (about $113 million) during the last Iranian week (Dec. 2 through Dec. 6, 2023), representing a 131-percent increase from the previous week (Nov. 25 through Nov. 29, 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 458,857 rials and the price of $1 is 426,153 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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