BAKU, Azerbaijan, December 20. Approximately 122,500 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on December 20, Trend reports.
Of the mentioned volume, 11,100 tons will be on sale on the domestic ring of the energy exchange.
The following goods are to be offered:
- Iranian Persian Gulf Bid-Boland Gas Refining Company’s 4,000 tons of pentane, 400 tons of normal butane;
- Abadan Oil Refining Company’s 3,000 tons of CO and 2,000 tons of light naphtha products;
- Esfahan Oil Refining Company’s 720 tons of solvent-402 and 381 tons of solvent-406 products;
- Shimibaft Petrochemical Company’s 500 tons of MTBE;
- Bandar Imam Petrochemical Company’s 138 tons of MTBE products.
Moreover, around 111,000 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Kangan Petro Refining Company’s 44,000 tons of propane and butane gas;
- Persian Gulf Star Oil Company’s 30,000 tons of light naphtha, 10,100 tons of white oil and 5,000 tons of butane products;
- Bouali Sina Petrochemical Company’s 7,000 ton of heavy hydrocarbons and 7,000 tons of Raffinate products;
- Persian Gulf Bid-Boland Gas Refining Company’s 3,000 tons of pentane;
- Abadan Oil Refining Company’s 3,000 tons of LPG;
- Shimibaft Petrochemical Company’s 1,000 tons of MTBE;
- Fannavaran Petrochemical Company’s 600 tons of methanol products.
Meanwhile, the value of total sales at the IRENEX was 33.5 trillion rials (about $78.3 million) during the last Iranian week (Dec. 9 through Dec.13, 2023), representing a 30.5-percent decrease from the previous week (Dec. 2 through Dec.6, 2023).
Iran Energy Exchange (IRENEX) sells its products at the SANA exchange rate.
The SANA system is a currency exchange system implemented by the Central Bank of Iran in which the price of one euro is 471,441 rials and the price of one dollar is 429,420 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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