Baku, Azerbaijan, August 29
Trend:
The products traded at Iran Energy Exchange (IRENEX) on Aug. 29:
International ring:
-1,002 cubic meters of 402 solvent from Isfahan Oil Refining Company.
Domestic ring:
-2,000 tons of heavy cut from Amir Kabir Petrochemical Company;
-7,018 tons of gas condensates from Ilam Gas Refining Company.
Total value of the deals in the rings amounted to 424 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 Aug. 29)