Baku, Azerbaijan, Dec. 18
By Fatih Karimov – Trend:
The products traded at Iran Energy Exchange (IRENEX) on Dec. 18 are:
International ring:
-312 cubic meters of 402 solvent from Tabriz Oil Refining Company.
Domestic ring:
-150 tons of light fuel oil from Tabriz Petrochemical Company;
-1000 tons of methanol from Zagros Petrochemical Company;
-391 tons of heavy-end cut from Shazand Petrochemical;
- 3,700 kilowatt hours of electricity from Damavand Combined Cycle Power Plant.
Total value of the deals in the rings amounted to 29.03 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.