BAKU, Azerbaijan, July 11. More than 49,300 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX), on July 11, Trend reports.
Of the mentioned volume, over 32,800 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Bouali Sina Petrochemical Company’s 5,000 tons of Raffinate and 4,000 tons of heavy hydrocarbon products;
- Shazand Oil Refining Company’s 5,000 tons of CSO;
- Abadan Oil Refining Company’s 4,000 tons of naphtha;
- Esfahan Oil Refining Company’s 4,000 tons of iso feed;
- Iranol Oil Company’s 3,000 tons of heavy extracts (DAE-40);
- Shiraz Oil Refining Company’s 2,000 tons of iso recycle, 1,000 tons of iso feed, 500 tons of unprocessed heavy naphtha and 148 tons of solvent-404 products;
- Shazand Petrochemical Company’s 2,000 tons of pyrolysis gasoline;
- Tabas Parvadeh Coal Company’s 650 tons heavy tar oil;
- Bandar Imam Petrochemical Company’s 396 tons of heavy distillate, 320 tons of MTBE and 300 tons of liquefied gas products;
- Shimibaft Petrochemical Company’s 300 tons of MTBE;
- Kermanshah Oil Refining Company’s 200 tons of normal butane products.
Moreover, 16,500 tons of products will be on sale on the international floor of the IRENEX:
- Iranian Shazand Oil Refining Company’s 10,000 tons of liquefied petroleum gas (LPG);
- Bouali Sina Petrochemical Company’s 5,000 tons of reformate, and 1,000 tons of LPG products;
- Tabriz Petrochemical Company’s 300 tons of hydrocarbons (C7-C9) and 200 tons of pentane products.
Meanwhile, the value of total sales at the Iran Energy Exchange (IRENEX) stood at approximately 38.1 trillion rials (about $92.4 million), during the last Iranian week (July 1 through July 5, 2023). This is an increase of 51.3 percent compared to the previous week (June 24 through June 28, 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 453,499 rials, and the price of $1 is 412,579 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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