BAKU, Azerbaijan, December 12. More than 36,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on December 12, Trend reports.
Of the mentioned volume, 8,360 tons will be on sale on the domestic ring of the energy exchange.
The following goods are to be offered:
- Iranian South Pars Gas Company’s 3,800 tons of gas condensate;
- Bandar Abbas Oil Refining Company’s 2,000 tons of iso-recycle;
- Khouzestan Steel Company’s 616 tons of liquid nitrogen and 616 tons of liquid oxygen products;
- Bandar Imam Petrochemical Company’s 308 tons of heavy distillate, 300 tons of liquefied gas and 100 tons of propane products;
- Iranol Oil Company’s 2008 tons of heavy extracts (DAE-40) and 104 tons of light extracts (DAE-10);
- Persian Gulf Fajr Energy Company’s 200 tons of liquid nitrogen;
- Bushehr Petrochemical Company’s 110 tons of pentane plus products.
Moreover, 27,900 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Abadan Oil Refining Company’s 10,900 tons of diesel, 5,000 tons of heavy distillation tower residue, 5,000 tons of LCO, 3,000 tons of LPG products;
- Bandar Abbas Oil Refining Company’s 3,000 tons of LPG;
- Tabriz Petrochemical Company’s 500 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 around 48.2 trillion rials (about $113 million) during the last Iranian week (Dec. 2 through Dec. 6, 2023), representing a 131-percent increase from the previous week (Nov. 25 through Nov. 29, 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 458,963 rials and the price of $1 is 427,071 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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