BAKU, Azerbaijan, November 26. Over 48,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on November 26, Trend reports.
Of the mentioned volume, 9,270 tons will be on sale on the domestic ring of the energy exchange.
The following goods are to be offered:
- Iranian Elixir Halal Assaluyeh Petrochemical Company’s 2,000 tons of Raffinate and 90 tons of normal pentane products;
-Bandar Abbas Oil Refining Company’s 1,060 tons of solvent-402;
- Kermanshah Oil Refining Company’s 1,000 tons of solvent-402;
- Shazand Oil Refining Company’s 1,000 tons of normal hexane;
- Sepahan Oil Compnay’s 1,000 tons of extracts;
- Tabas Parvadeh Coal Company’s 800 tons of heavy tar oil;
- Esfahan Oil Refining Company’s 720 tons of solvent-402, 712 tons of solvent-503 and 178 tons of solvent-410 products.
In addition, 39,000 tons of products will be on sale on the export ring of the IRENEX:
- Iranian South Pars Gas Company’s 20,000 tons of liquefied petroleum gas (LPG);
- Kharg Petrochemical Company’s 10,000 tons of naphtha;
- Kangan Petro Refining Company’s 6,000 tons of pentane;
- Fajr Jam Gas Refining Company’s 3,000 tons of liquefied gas.
Meanwhile, the value of total sales at the IRENEX was 54.6 trillion rials (about $131 million) during the last Iranian week (Nov. 18 through Nov. 22, 2023), representing a 147-percent decline from the previous week (Nov. 11 through Nov. 15, 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 457,771 rials and the price of $1 is 418,235 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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