BAKU, Azerbaijan, February 5. More than 32,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on February 5, Trend reports.
Of the mentioned volume, 9,190 tons will be on sale on the domestic ring of the energy exchange.
The following goods are to be offered:
- Iranian Zagros Petrochemical Company’s 3,400 tons of methanol;
- Sepahan Oil Company’s 1,010 tons of extracts;
- Shimibaft Petrochemical Company’s 1,000 tons of MTBE;
- Bolour Kavir Mines & Mining Industries Development Company’s 1,000 tons of coal;
- Shazand Petrochemical Company’s 506 tons of heavy distillate;
- Kaveh Methanol Company’s 500 tons of methanol;
- Amir Kabir Petrochemical Company’s 500 tons of heavy distillate;
- Arka Energy Company’s 300 tons of methanol;
- Bandar Imam Petrochemical Company’s 276 tons of MTBE;
- Tabriz Petrochemical Company’s 200 tons of heavy distillate, 60 tons of pentane, and 42 tons of liquid nitrogen products;
- Jam Petrochemical Company’s 200 tons of heavy distillate;
- Sabalan Petrochemical Company’s 200 tons of methanol products.
At the same time, 23,000 tons of products will be on sale on the Iran Energy Exchange's export ring.
- Iranian Shazand Oil Refining Company’s 10,000 tons of RCD (Reduced Crude Desulfurization) unit’s processed residue products;
- Tabriz Oil Refining Company’s 6,000 tons of LPG;
- Persian Gulf Star Oil Company’s 5,000 tons of butane gas;
- Bandar Imam Petrochemical Company’s 1,040 tons of MTBE;
- Shimibaft Petrochemical Company’s 1,000 tons of MTBE products.
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 464,984 rials and the price of one dollar is 429,209 rials.
The selling of hydrocarbons at the Iran Energy Exchange is critical to the country's economy. Iran hopes to enhance exports and give hydrocarbon products to local enterprises through the energy exchange.---
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