BAKU, Azerbaijan, October 5. The Iran Energy Exchange (IRENEX) will sell 12,500 tons of hydrocarbon products on October 5, Trend reports.
Out of the mentioned volume, 3,970 tons will be up for grabs on the home turf of the energy exchange.
The following goods are to be offered on the Iran Energy Exchange's domestic ring:
- Bistoon Petrochemical Company's 1,000 tons of Solvent 502
- Khouzestan Steel Company's 594 tons of liquid oxygen, and 594 tons of liquid nitrogen
- Abadan Oil Refinery Company's 500 tons of LCO, 74,100 tons of solvent 410
- Tabriz Oil Refinery Company's 500 tons of iso-recycle, 500 tons of iso feeds, 212 tons of solvent 402
Furthermore, 8,530 tons of products will be on sale on the Iran Energy Exchange's export ring:
- Bistoon Petrochemical Company's 5,000 tons of raffinate
- Tabriz Oil Refinery Company's 3,530 tons of solvent 402
Economic growth depends on hydrocarbon sales made possible by the Iran Energy Exchange.
IRENEX sells its products at the SANA exchange rate.
The sale of hydrocarbons on IRENEX is the lifeblood of the country's economy. Iran seeks to boost exports and provide hydrocarbon products to local businesses through energy exchange.