BAKU, Azerbaijan, February 12. More than 63,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on February 12, Trend reports.
Of the mentioned volume, around 16,800 tons will be on sale on the domestic ring of the energy exchange.
The following goods are to be offered:
- Iranian Kermanshah Oil Refining Company’s 4,500 tons of distillation tower residue;
- Zagros Petrochemical Company’s 3,400 tons of methanol;
- Tabas Coal Company’s 2,000 tons of coal;
- Bolour Kavir Mines & Mining Industries Development Company’s 1,000 tons of coal;
- Fannavran Petrochemical Company’s 1,000 tons of methanol;
- Kaveh Methanol Company’s 1,000 tons of methanol;
- Bushehr Petrochemical Company’s 1,000 tons of methanol and 450 tons of liquid nitrogen products;
- Shimibaft Petrochemical Company’s 1,000 tons of MTBE;
- Arta Energy Company’s 700 tons of methanol;
- Jam Petrochemical Company’s 200 tons of heavy distillate;
- Sabalan Petrochemical Company’s 200 tons of methanol;
- Tabriz Petrochemical Company’s 150 tons of heavy distillate, 75 tons of mazut, 60 tons of pentane, 42 tons of liquid nitrogen products.
Also, 46,500 tons of products are on sale on the Iran Energy Exchange's export ring.
- Iranian Persian Gulf Star Oil Company’s 35,000 tons of naphtha and 10,000 tons of LPG products;
- Shimibaft Petrochemical Company’s 1,500 tons of MTBE products.
Iran Energy Exchange (IRENEX) sells its products at the SANA exchange rate.
SANA system is a currency exchange system implemented by the Central Bank of Iran in which the price of one euro is 462,613 rials and the price of one dollar is 429,210 rials.
The sale 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 energy exchange.
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