BAKU, Azerbaijan, February 17. A total of 43,800 tons of hydrocarbon products will be sold by Iran's Energy Exchange (IRENEX) on February 17, Trend reports.
Out of the mentioned volume, 29,800 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:
- Shiraz Oil Refining Company's 20,000 tons of heavy naphtha;
- Zagros Petrochemical Company's 2,200 tons of methanol;
- Bandar Imam Petrochemical Company's 1,010 tons of MTBE (methyl tertiary-butyl ether);
- Abadan Oil Refining Company's 1,000 tons of iso feed, 150 tons of pentane;
- Kaveh Methanol Company's 950 tons of methanol;
- Fanavaran Petrochemical Company's 720 tons of methanol;
- Stone-Coal Tar Processing Company's 700 tons of heavy tar oil;
- Shimibaft Petrochemical Company's 700 tons of liquid nitrogen;
- Bushehr Petrochemical Company's 500 tons of methanol;
- National Iranian Gas Company's 500 tons of DSO (domestic sales gas);
- Jam Petrochemical Company's 375 tons of heavy distillate;
- Esfahan Steel Company's 350 tons of tar;
- Middle East Kimia Pars Petrochemical Company’s 200 tons of methanol;
- Tabriz Petrochemical Company's 150 tons of heavy distillate, 75 tons of fuel oil, 60 tons of pentane, and 42 tons of liquid nitrogen;
- Setareh Pooya Caspian Company's (PAYA SARVE CASPIAN CO.) 110 tons of pentane;
- Tabas Prodeh Coal Company's 50 tons of coal concentrate;
Furthermore, 14,000 tons of products will be on sale on the Iran Energy Exchange's export ring:
- National Iranian Oil Products Refining and Distribution Company's 7,000 tons of liquefied gas (LPG);
- Bandar Abbas Oil Refining Company's 3,000 tons of butane;
- Shimibaft Petrochemical Company's 2,000 tons of raffinate and 2,000 tons of MTBE (methyl tertiary-butyl ether);
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.