10 petchem, refinery products offered on IRENEX

Business Materials 20 August 2017 18:53 (UTC +04:00)

Tehran, Iran, August 20

By Mehdi Sepahvand – Trend:

Ten refinery and petrochemical products were put on sale on Iran Energy Exchange (IRENEX) on Saturday, IRNEX reported.

The products included isorecycle, isophide, solvent 402 and 404 of Tabriz Oil Refinery, industrial liquid gas, butane and propane, and heavy-cut of Bandar Emam Petrochemical, solvent 402 of Bandar Abbas Oil Refinery, and raffinate of Kermanshah Oil Refinery.

Noteworthy among the transactions of the day were competition among buyers of Bandar Abbas solvent 402 and Kermanshah Refinery’s raffinate.

The report added that for the following day isorecycle, solvents 404, 402 and 410, unrefined heavy naphtha and naphtha blending, as well as nitrogen would be put on sale.

IRENEX in April expressed interest in offering the Persian Gulf Star Refinery’s gasoline as well.

IRENEX is a market for trading energy futures and commodities, including oil, gas, electricity, petrochemicals and oil byproducts. It was launched in 2013 as the fourth official Iranian exchange and operates under the supervision and regulations of the Securities and Exchange Organization of Iran.