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Iran names volume of hydrocarbon products to be on sale at IRENEX for December 16

Oil&Gas Materials 14 December 2023 09:50 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, December 14. Approximately 22,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on December 16, Trend reports.

Of the mentioned volume, 17,700 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 iso-feed, 1,580 tons of solvent-402, 1,560 tons of solvent-502, 1,560 tons of solvent-503 and 500 tons of normal hexane products;

- Tehran Oil Refining Company’s 3,100 tons of light naphtha;

- Abadan Oil Refining Company’s 3,000 tons of CO;

- Tabriz Oil Refining Company’s 930 tons of solvent-402 and 500 tons of iso-feed products.

Also, 4,000 tons of LPG 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 461,131 rials and the price of $1 is 427,320 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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