BAKU, Azerbaijan, November 14. A total of 29,200 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on November 14, Trend reports.
Of the mentioned volume, 20,300 tons will be on sale on the domestic floor of the energy exchange.
The following goods are to be offered:
- Iranian Esfahan Oil Refining Company’s 4,000 tons of iso-recycle;
- South Pars Gas Company’s 3,800 tons of gas condensate;
- Bouali Sina Petrochemical Company’s 3,000 tons of heavy hydrocarbons and 3,000 tons of Raffinate products;
- Ilam Petrochemical Company’s 2,000 tons of pyrolysis gasoline (PYG);
- Tehran Oil Refining Company’s 1,000 tons of liquefied petroleum gas (LPG), 700 tons of iso-recycle and 228 tons of solvent-402 products;
- Khuzestan Steel Company’s 616 tons of liquid nitrogen and 308 tons of liquid oxygen products;
- Amir Kabir Petrochemical Company’s 500 tons of heavy distillate;
- Bushehr Petrochemical Company’s 450 tons of liquid nitrogen;
- Bandar Imam Petrochemical Company’s 308 tons of heavy distillate and 200 tons of liquefied gas;
- Persian Gulf Fajr Energy Company’s 200 tons of liquid nitrogen products.
Also, 8,900 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Bouali Sina Petrochemical Company’s 4,000 tons of heavy hydrocarbons and 3,000 tons of Raffinate, and 1,000 tons of LPG products;
- Tabriz Petrochemical Company’s 400 tons of hydrocarbons (C7-C9), 300 tons of Raffinate and 200 tons of pentane products.
Meanwhile, the value of total sales at the IRENEX was about 38.5 trillion rials (about $92.9 million) during the last Iranian week (Nov. 4 through Nov. 8, 2023), representing a 20.5 percent decline from the previous week (Oct. 28 through Nov. 1, 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 443,707 rials and the price of $1 is 414,693 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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