BAKU, Azerbaijan, February 22. A total of 46,200 tons of hydrocarbon products will be sold by Iran's Energy Exchange (IRENEX) on February 22, Trend reports.
Out of the mentioned volume, 26,000 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:
- Tehran Oil Refining Company's 5,000 tons of liquefied natural gas (LPG), 5,000 tons of heavy naphtha, 2,000 tons of butane, 1,000 tons of iso recycle;
- Abadan Oil Refining Company's 5,000 tons of light naphtha, 5,000 tons of heavy naphtha, 1,000 tons of iso feed;
- Khouzestan Steel Company's 880 tons of liquid nitrogen, 704 tons of liquid oxygen;
- Tabriz Oil Refining Company's 300 tons of iso recycle, 106 tons of solvent-402;
Furthermore, 20,200 tons of products will be on sale on the Iran Energy Exchange's export ring:
- Kangan Petro Refining Company's 14,000 tons of pentane;
- Persian Gulf Star Oil Company's 6,000 tons of liquefied petroleum gas (LPG);
- Kimia Ayegh Hirkan Company's 100 tons of light hydrocarbon;
- Bistoon Petrochemical Company's 100 tons of raffinate;
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.
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