BAKU, Azerbaijan, March 1. A total of 241,000 tons of hydrocarbon products will be sold by Iran's Energy Exchange (IRENEX) on March 1, Trend reports.
Out of the mentioned volume, 28,000 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:
- Shazand Oil Refinery Company's 7,000 tons of SCO (synthetic crude oil);
- Abadan Oil Refinery Company's 5,000 tons of light naphtha, 2,000 tons of CO, 2,000 tons of LCO (light cycle oil), 500 tons of iso feed;
- Tehran Oil Refinery Company's 5,000 tons of heavy naphtha 1,500 tons of iso recycle, 1,020 tons of butane, 190 tons of solvent-402;
- Kermanshah Oil Refinery Company's 1,000 tons of solvent-402;
- Khouzestan Steel Company's 990 tons of liquid nitrogen, 220 tons of liquid oxygen;
- Tabriz Oil Refinery Company's 565 tons of solvent-402, 500 tons of iso recycle, 500 tons of iso feed;
Furthermore, 213,000 tons of products will be on sale on the Iran Energy Exchange's export ring:
- National Iranian Gas Company's 188,000 tons of liquefied petroleum gas (LPG);
- National Iranian Oil Products Refining and Distribution Company's 15,000 tons of liquefied petroleum gas (LPG);
- Abadan Oil Refinery Company's 10,000 tons of liquefied petroleum gas (LPG);
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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