BAKU, Azerbaijan, February 11. A total of 50,000 tons of hydrocarbon products will be sold by Iran's Energy Exchange (IRENEX) on February 11, Trend reports.
Out of the mentioned volume, 71,800 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:
- Isfahan Oil Refining Company's 6,000 tons of iso feed, 712 tons of solvent-503, 360 tons of solvent-402, 356 tons of solvent-502, 178 tons of solvent-400, 178 tons of solvent-410;
- Abadan Oil Refining Company's 5,000 tons of light naphtha, 3,000 tons of heavy naphtha, 3,000 tons of iso feed, 150 tons of pentane;
- Tehran Oil Refining Company's 5,000 tons of heavy naphtha, 1,000 tons of iso recycle, 212 tons of solvent-402;
- National Iranian Oil Company's 5,010 tons of gas condensate;
- Bouali Sina Petrochemical Company's 3,000 tons of raffinate;
- Zagros Petrochemical Company's 2,200 tons of methanol;
- Bandar Imam Petrochemical Company's 1,010 tons of MTBE (methyl tertiary-butyl ether);
- Bistoon Petrochemical Company's 1,000 tons of raffinate, 1,000 tons of solvent-502;
- Asaluyeh Halal Elixir Company's 1,000 tons of raffinate, 200 tons of hexane, 90 tons of normal pentane;
- Shazand Petrochemical Company's 1,000 tons of heavy distillate;
- Coal Tar Refining Company's 1,000 tons of heavy tar oil;
- Kaveh Methanol Company's 900 tons of methanol;
- Khouzestan Steel Company's 792 tons of liquid oxygen, 792 tons of liquid nitrogen;
- Fanavaran Petrochemical Company's 720 tons of methanol;
- Shimibaft Petrochemical Company's 700 tons of MTBE (methyl tertiary-butyl ether);
- Arta Energy Company's 625 tons of methanol;
- Shiraz Oil Refining Company's 500 tons of iso recycle, 148 tons of solvent-404;
- Tabriz Oil Refining Company's 500 tons of iso recycle, 200 tons of heavy distillate, 75 tons of fuel oil, 60 tons of pentane, 42 tons of liquid nitrogen;
- Bushehr Petrochemical Company's 500 tons of methanol;
- Jam Petrochemical Company's 400 tons of heavy distillate;
- Behran Oil Company's 288 tons of extract;
-Middle East Kimia Pars Petrochemical Company’s 200 tons of methanol;
- Persian Gulf Fajr Energy Company's 200 tons of liquid nitrogen;
- Esfahan Steel Company's 200 tons of resin;
- Setareh Pooya Caspian Company's (PAYA SARVE CASPIAN Co.) 110 tons of pentane;
Furthermore, 22,200 tons of products will be on sale on the Iran Energy Exchange's export ring:
- National Iranian Oil Refining and Distribution Company's 11,000 tons of liquefied petroleum gas (LPG);
- Abadan Oil Refining Company's 4,800 tons of liquefied petroleum gas (LPG);
- Bouali Sina Petrochemical Company's 3,000 tons of raffinate;
- Shimibaft Petrochemical Company's 2,000 tons of MTBE (methyl tertiary-butyl ether);
- Iran Chemical Industries Investment Company's 1,000 tons of heavy distillate;
- Tabriz Petrochemical Company's 450 tons of hydrocarbons (C7-C9) ;
The Iran Energy Exchange's hydrocarbon sales are vital to the economy. Iran plans to boost exports while providing domestic industries with hydrocarbon products via energy exchange.
IRENEX sells its products at the SANA exchange rate. For the currency exchange offices in Iran, the SANA system is a system that was introduced by the Central Bank of Iran.
The sale of hydrocarbons on IRENEX is vital to the country's economy. Through energy exchange, Iran seeks to boost exports and provide hydrocarbon products to local businesses.