BAKU, Azerbaijan, October 30. More than 47,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on October 30, Trend reports.
Of the mentioned volume, over 12,000 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;
- Middle East Pars Chemical Company’s 1,000 tons of methanol;
- Marjan Petrochemical Company’s 1,000 tons of methanol;
- Bushehr Petrochemical Company’s 1,000 tons of methanol;
- Fannavaran Petrochemical Company’s 1,000 tons of methanol;
- Esfahan Oil Refining Company’s 500 tons of normal hexane, 360 tons of solvent-402, 356 tons of solvent-502, 356 tons of solvent-503, 178 tons of solvent-400 and 178 tons of solvent-410 products;
- Shimibaft Petrochemical Company’s 500 tons of MTBE;
- Kaveh Sodium Carbonate Company’s 150 tons of gas condensate;
- Tabriz Petrochemical Company’s 100 tons of heavy distillate and 42 tons of liquid nitrogen products.
At the same time, 35,100 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Nouri Petrochemical Company’s 20,000 tons of Raffinate and 13,100 tons of heavy distillate products;
- Shimibaft Petrochemical Company’s 2,000 tons of MTBE products.
Meanwhile, the value of total sales at the IRENEX was more than 27.6 trillion rials (about $66.9 million) during the last Iranian week (Oct. 21 through Oct. 26, 2023), representing a 40.2 percent decrease from the previous week (Oct. 14 through Oct. 19, 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 435,368 rials and the price of $1 is 412,651 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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