BAKU, Azerbaijan, July 6. More than 60,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX), on July 8, Trend reports.
Of the mentioned volume, 25,000 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Abadan Oil Refining Company’s 20,000 tons of naphtha, 3,000 tons of CO and 2,000 tons of LCO products;
- Razi Petrochemical Company’s 40 tons of gas condensate products.
Moreover, 35,000 tons of naphtha products belonging to Iranian Abadan Oil Refining Company will be on sale on the international floor of the IRENEX:
Meanwhile, the value of total sales at the Iran Energy Exchange (IRENEX) amounted to approximately 25.2 trillion rials (about $61 million), during the last Iranian week (June 24 through June 28, 2023). This is an increase of 5.7 percent, compared to the previous week (June 17 through June 21, 2023).
The products at Iran Energy Exchange (IRENEX) are sold under the SANA exchange rate.
The SANA system is a system introduced by the Central Bank of Iran to the currency exchange offices, where the price of 1 euro is 449,762 rials, and the price of $1 is 412,599 rials.
The sale of hydrocarbon products at the Iran Energy Exchange is of great importance to the country’s economy. Through the energy exchange, Iran seeks to provide hydrocarbon products needed by local companies, as well as to increase exports.
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