Baku, Azerbaijan, Dec. 17
By Fatih Karimov – Trend:
The products traded at Iran Energy Exchange (IRENEX) on Dec. 17 are:
International ring:
-90,000 tons of naphtha heavy end from Lavan Oil Refining Company;
Domestic ring:
-258,000 liters of 402 solvent from Tabriz Oil Refining Company;
-2,000 tons of naphtha heavy end from Tehran Oil Refining Company;
-100,000 liters of 404 solvent fro, Shiraz Oil Refining Company;
-200 tons of Iso Recycle from Shiraz Oil Refining Company;
-600,000 liters of 503 solvent from Kermanshah Oil Refining Company;
Total value of the deals in the rings amounted to 1,839.22 billion rials (1 USD = 35,000 rials).
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.
More than 100 companies, including petrochemical plants, refineries and power plants offer their commodities at the exchange, according to the IRENEX website.