Baku, Azerbaijan, July 18
Trend:
The products traded at Iran Energy Exchange (IRENEX) on July 18:
Domestic ring:
-175 tons of methanol from Zagros Petrochemical Company;
-1,012 tons of heavy cut from Shazand Petrochemical Company;
-6,000 kilowatt hours of electricity from MAPNA Parand Power Generation Company;
-3,000 tons of light naphtha from Bandar Abbas Oil Refining Company;
-850,000 liters of 410 solvent and naphtha blending from Shiraz Oil Refining Company;
-1 million liters of 404 solvent from Shiraz Oil Refining Company;
-1,000 tons of Iso Feed from Shiraz Oil Refining Company.
Total value of the deals in the rings amounted to 167.85 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 = 43,500 rials on July 18)