BAKU, Azerbaijan, October 5. More than 27,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on October 7, Trend reports.
Of the mentioned volume, 7,240 tons will be on sale on the domestic ring of the energy exchange.
The following goods are to be offered:
- Iranol Oil Company’s 3,040 tons of heavy extracts (DAE-40);
- Shimibaft Petrochemical Company’s 3,000 tons of Raffinate-2;
- Tehran Oil Company’s 700 tons of iso-recycle;
- Amir-Kabir Petrochemical Company’s 500 tons of heavy distillate products.
At the same time, 20,000 tons of liquefied petroleum gas (LPG) belonging to Iranian Persian Gulf Star Oil Company will be on sale on the export ring.
Meanwhile, the value of total sales at the IRENEX for the last week was around 16.7 trillion rials (about $40.4 million) during the last Iranian week (Sept. 23 through Sept. 27, 2023), representing a 67 percent decrease from the previous week (Sept. 16 through Sept. 20, 2023).
Iran Energy Exchange (IRENEX) sells its products at the SANA exchange rate.
The SANA system is a system introduced by the Central Bank of Iran to the currency exchange outlets, where the price of 1 euro is 430,823 rials and the price of $1 is 412,151 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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