BAKU, Azerbaijan, August 19. The value of total sales at the Iran Energy Exchange (IRENEX) increased by 12 percent during the last Iranian week (August 12 through August 16, 2023), compared to the previous week (August 5 through August 9, 2023), Trend reports.
According to the report, the value of total sales at the IRENEX for the last week amounted to approximately 41.6 trillion rials (about $101 million). The figure stood at approximately 37.1 trillion rials (about $89.8 million) in the previous week.
Last week, 161,000 tons of hydrocarbon products worth 38.7 trillion rials (about $93.7 million) were sold at the Iran Energy Exchange.
Of that, 11 trillion rials (about $26.5 million) worth of products were sold on the domestic floor, while 27.7 trillion rials (about $67.2 million) worth were sold on the international floor of the IRENEX.
The main hydrocarbon products sold at the country’s energy exchange were naphtha, methanol, various hydrocarbons, etc.
Also, 287 million kilowatts of electricity worth 426 billion rials (about $1.03 million) were sold at IRENEX within the mentioned period.
At the same time, Standard Parallel Salaf (an Islamic contract similar to futures) documents worth approximately 1.96 trillion rials (about $4.75 million) were also sold at the energy exchange.
According to the IRENEX, 5,796 certificates of deposit for crude oil and gas condensate worth about 443 billion rials (about $1.07 million) were sold at the Iran Energy Exchange during the last week.
As of March 12, 2023, Iran has started the sale of certificates of deposit for crude oil and gas condensate at the Iran Energy Exchange (IRENEX). Iran intends to sell 72 million barrels (36 million barrels of crude oil and 36 million barrels of gas condensate) of crude oil and gas condensate with deposit certificates at the Energy Exchange.
Those who want to buy deposit certificates at the Iran Energy Exchange should buy at least 1,000 barrels of crude oil and 500 barrels of gas condensate. The certificates of deposit can be purchased directly by legal entities and by individuals only through portfolio companies.
The products at Iran Energy Exchange (IRENEX) are sold at the SANA exchange rate.
SANA system is a system introduced by the Central Bank of Iran to the currency exchange offices, where the price of 1 euro is 449,284 rials and the price of $1 is 413,157 rials.
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