BAKU, Azerbaijan, July 12. Nearly 143,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX), on July 12, Trend reports.
Of the mentioned volume, approximately 9,550 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Persian Gulf Bid-Boland Gas Refining Company’s 4,000 tons of pentane and 400 tons of normal butane products;
- Nouri Petrochemical Company’s 4,000 tons of heavy distillate;
- Pars Petrochemical Company’s 506 tons of pentane plus;
- Iranol Oil Company’s 442 tons of light extracts (DAE-10);
- Persian Gulf Fajr Energy Company’s 200 tons of liquid nitrogen products.
Furthermore, about 133,000 tons of products will be on sale on the international floor of the IRENEX:
- Iranian Bouali Sina Petrochemical Company’s 12,000 tons of reformate, 7,000 tons of Raffinate and 3,270 tons of heavy hydrocarbon products;
- Nouri Petrochemical Company’s 20,000 tons of Raffinate, 10,000 tons of light naphtha, 4,000 tons of light distillate and 13,100 tons of heavy distillate products;
- Kharg Petrochemical Company’s 20,000 tons of methanol, 10,000 tons of liquefied petroleum gas (LPG) and 20,000 tons of naphtha products;
- Shazand Oil Refining Company’s 10,000 tons of RCD (Reduced Crude Desulfurization) unit’s processed residue;
- Fannavaran Petrochemical Company’s 600 tons of methanol;
- Persian Gulf Bid-Boland Gas Refining Company’s 3,000 tons of pentane products.
Meanwhile, a total of 43,000 tons of hydrocarbon products worth 7.51 trillion rials (about $18.2 million) were sold at the Iran Energy Exchange on July 11.
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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