BAKU, Azerbaijan, September 9. The value of total sales at the Iran Energy Exchange (IRENEX) increased by 32 percent during the last Iranian week (August 26 through August 30, 2023), compared to the previous week (August 19 through August 23, 2023), Trend reports.
According to the report, the value of total sales at the IRENEX for the last week amounted to 27.7 trillion rials (about $67.1 million). The figure stood at 40.8 trillion rials (about $98.8 million) in the previous week.
Last week, nearly 129,000 tons of hydrocarbon products worth 27.6 trillion rials (about $66.9 million) were sold at the Iran Energy Exchange.
Of that, 16.7 trillion rials (about $40.6 million) worth of products were sold on the domestic floor, while 10.9 trillion rials (about $26.3 million) worth were sold on the international floor of the IRENEX.
Also, 2.03 million kilowatts of electricity worth 2.13 billion rials (about $5,180) were sold at IRENEX within the mentioned period.
At the same time, Standard Parallel Salaf (an Islamic contract similar to futures) documents worth 73 billion rials (about $177,000) were also sold at the energy exchange.
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 442,095 rials and the price of $1 is 412,836 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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