BAKU, Azerbaijan, December 18. Around 58,000 tons of various hydrocarbon products will be on sale at the Iran Energy Exchange (IRENEX) on December 18, Trend reports.
Of the mentioned volume, about 24,200 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 5,300 tons of white oil;
- Bandar Abbas Oil Refining Company’s 3,000 tons of naphtha;
- Shiraz Oil Refining Company’s 3,000 tons of light naphtha;
- Zagros Petrochemical Company’s 2,400 tons of methanol;
- Shazand Oil Refining Company’s 1,500 tons of iso-recycle;
- Kaveh Methanol Company’s 1,800 tons of methanol;
- Shiraz Petrochemical Company’s 1,700 tons of methanol;
- Bushehr Petrochemical Company’s 1,000 tons of methanol and 450 tons of liquid nitrogen products;
- Abadan Oil Refining Company’s 1,000 tons of light naphtha;
- Fannavaran Petrochemical Company’s 1,000 tons of methanol;
- Bolour Kavir Mines & Mining Industries Development Company’s 1,000 tons of coal;
- Marjan Petrochemical Company’s 500 tons of methanol;
- Mobarakeh Steel Company’s 300 tons of liquid nitrogen;
- Jam Petrochemical Company’s 100 tons of heavy distillate;
- Tabriz Petrochemical Company’s 60 tons of pentane and 42 tons of liquid nitrogen products;
- Razi Petrochemical Company’s 40 tons of gas condensate products.
Furthermore, 33,500 tons of products will be on sale on the export ring of the IRENEX:
- Iranian Lavan Oil Refining Company’s 32,000 tons of naphtha;
- Tabriz Oil Refining Company’s 1,000 tons of LPG;
- Tabriz Petrochemical Company’s 500 tons of hydrocarbons (C7-C9).
Meanwhile, the value of total sales at the IRENEX was 33.5 trillion rials (about $78.3 million) during the last Iranian week (Dec. 9 through Dec.13, 2023), representing a 30.5-percent decrease from the previous week (Dec. 2 through Dec.6, 2023).
Iran Energy Exchange (IRENEX) sells its products at the SANA exchange rate.
The SANA system is a currency exchange system implemented by the Central Bank of Iran in which the price of one euro is 467,624 rials and the price of one dollar is 428,382 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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