Baku, Azerbaijan, May 29
Trend:
The products traded at Iran Energy Exchange (IRENEX) on May 29 are:
Domestic ring:
-800 cubic meters of CSO from Shazand Oil Refining Company;
-5,500 kilowatt hours of electricity from MAPNA Parand Power Generation Co;
-1 million liters of reformate from Tabriz Oil Refining Company;
-3.5 million liters of 402 solvent from Tehran Oil Refining Company.
Total value of the deals in the rings amounted to 138.6 billion 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.
($1 = 42,000 rials on May 29)