BAKU, Azerbaijan, August 6. A total of 20,800 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on August 6, Trend reports.
The mentioned goods will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Esfahan Oil Refining Company’s 6,500 tons of iso feed and 5,000 tons of heavy naphtha products;
- Abadan Oil Refining Company’s 4,000 tons of light naphtha;
- Tehran Oil Refining Company’s 4,000 tons of liquefied petroleum gas (LPG);
- Tabas Parvadeh Coal Company’s 600 tons of heavy tar oil;
- Persian Gulf Bid-Boland Gas Refining Company’s 400 tons of butane;
- Mobin Petrochemical Company’s 300 tons of liquid nitrogen products.
Meanwhile, the value of total sales at the Iran Energy Exchange (IRENEX) stood at approximately 10.6 trillion rials (about $25.6 million) during the last Iranian week (July 22 through July 26, 2023), which is a decrease of 68.5 percent compared to the preceding week (July 22 through July 26, 2023).
The products at Iran Energy Exchange (IRENEX) are sold at 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 455,023 rials and the price of $1 is 413,139 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 increase exports.
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