BAKU, Azerbaijan, October 23. Approximately 17,400 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on October 23, Trend reports.
Of the mentioned volume, about 11,900 tons will be on sale on the domestic ring of the energy exchange.
The following goods are to be offered:
- Iranian Zagros Petrochemical Company’s 2,600 tons of methanol;
- Kaveh Methanol Company’s 1,800 tons of methanol;
- Shiraz Petrochemical Company’s 1,700 tons of methanol;
- Fannavaran Petrochemical Company’s 1,200 tons of methanol;
- Bushehr Petrochemical Company’s 1,000 tons of methanol;
- Middle East Pars Chemical Company’s 1,000 tons of methanol;
- Marjan Petrochemical Company’s 1,000 tons of methanol;
- Tabas Parvadeh Coal Company’s 800 tons of heavy tar oil;
- Shimibaft Petrochemical Company’s 500 tons of MTBE;
- Tabriz Petrochemical Company’s 150 tons of heavy distillate, 60 tons of pentane and 42 tons of liquid nitrogen products;
- Razi Petrochemical Company’s 40 tons of gas condensate products.
Furthermore, 5,500 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Tehran Oil Refining Company’s 4,000 tons of liquefied petroleum gas (LPG);
- Shimibaft Petrochemical Company’s 1,500 tons of MTBE products.
Meanwhile, the value of total sales at the IRENEX was around 46.2 trillion rials (about $112 million) during the last Iranian week (Oct. 14 through Oct. 19, 2023), representing an 11.3 percent increase from the previous week (Oct. 7 through Oct. 12, 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 436,664 rials and the price of $1 is 412,364 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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