BAKU, Azerbaijan, December 13. More than 44,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on December 13, Trend reports.
Of the mentioned volume, 19,800 tons will be on sale on the domestic ring of the energy exchange.
The following goods are to be offered:
- Iranian Shazand Oil Refining Company’s 5,000 tons of CSO;
- Persian Gulf Bid-Boland Gas Refining Company’s 4,000 tons of pentane, 400 tons of butane products;
- Khangiran Gas Refining Company’s 3,010 tons of gas condensate;
- Bandar Abbas Oil Refining Company’s 2,000 tons of butane, 848 tons of solvent-402 products;
- Tehran Oil Refining Company’s 1,500 tons of LPG;
- Shiraz Oil Refining Company’s 1,000 tons of iso-recycle, 148 tons of solvent-404 products;
- Ilam Petrochemical Company’s 600 tons of pyrolysis gasoline;
- Iran Chemical Industries Investment Company’s 500 tons of heavy distillate and 500 tons of Raffinate products;
- Bandar Imam Petrochemical Company’s 138 tons of MTBE;
- Zarand Steel Company’s 100 tons of industrial oxygen, 60 tons of liquid nitrogen products.
At the same time, about 24,600 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Persian Gulf Star Oil Company’s 13,500 tons of white oil and 5,000 tons of butane gas;
- Persian Gulf Bid-Boland Gas Refining Company’s 3,000 tons of pentane;
- Tabriz Oil Refining Company’s 1,800 tons of solvent-402, 500 tons of iso-feed and 500 tons of iso-recycle products;
- Bandar Imam Petrochemical Company’s 276 tons of MTBE 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 460,134 rials and the price of $1 is 426,550 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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