BAKU, Azerbaijan, November 20. Approximately 82,500 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on November 20, Trend reports.
Of the mentioned volume, about 52,500 tons will be on sale on the domestic ring of the energy exchange.
The following goods are to be offered:
- Iranian Tabriz Oil Refining Company’s 23,000 tons of white oil;
- Esfahan Oil Refining Company’s 5,000 tons of naphtha;
- South Pars Gas Company’s 3,800 tons of gas condensate;
- Abadan Oil Refining Company’s 3,000 tons of LCO, 3,000 tons of CO, 2,000 tons of naphtha and 2,000 tons of iso-feed products;
- Zagros Petrochemical Company’s 2,400 tons of methanol;
- Shiraz Petrochemical Company’s 1,700 tons of methanol;
- Tehran Oil Refining Company’s 1,500 tons of liquefied petroleum gas (LPG);
- Marjan Petrochemical Company’s 1,000 tons of methanol;
- Bushehr Petrochemical Company’s 1,000 tons of methanol;
- Kimia Middle East Petrochemical Company’s 1,000 tons of methanol;
- Fannavaran Petrochemical Company’s 1,000 tons of methanol;
- Shimibaft Petrochemical Company’s 500 tons of MTBE;
- Jam Petrochemical Company’s 200 tons of heavy distillate;
- Tabriz Petrochemical Company’s 150 tons of mazut, 100 tons of heavy distillate, 60 tons of pentane and 42 tons of liquid nitrogen products.
Moreover, 30,000 tons of LPG belonging to Iran’s Shazand Oil Refining Company will be on sale on the export ring of the IRENEX.
Meanwhile, the value of total sales at the IRENEX was 22.1 trillion rials (about $53.3 million) during the last Iranian week (Nov. 11 through Nov. 15, 2023), representing a 42.6 percent decline from the previous week (Nov. 4 through Nov. 8, 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 453,095 rials and the price of $1 is 416,021 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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