BAKU, Azerbaijan, February 4. A total of 74,500 tons of hydrocarbon products will be sold by Iran's Energy Exchange (IRENEX) on February 4, Trend reports.
Out of the mentioned volume, 4,010 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:
- Bouali Sina Petrochemical Company's 3,000 tons of raffinate;
- Bandar Imam Petrochemical Company's (BIPC) 308 tons of heavy distillate;
- Amir Kabir Petrochemical Company's 300 tons of hexose;
- Bushehr Petrochemical Company's 210 tons of liquid nitrogen;
- Persian Gulf Fajr Energy Company's 200 tons of liquid nitrogen;
Furthermore, 70,500 tons of products will be on sale on the Iran Energy Exchange's export ring:
- National Iranian Gas Company's (NIGC) 63,500 tons of liquefied petroleum gas (LPG);
- Bandar Abbas Oil Refining Company's 4,000 tons of butane
- Bouali Sina Petrochemical Company's 3,000 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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