BAKU, Azerbaijan, February 19. A total of 40,900 tons of hydrocarbon products will be sold by Iran's Energy Exchange (IRENEX) on February 19, Trend reports.
Out of the mentioned volume, 10,400 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:
- National Oil Company's 5,010 tons of gas condensate
- Persian Gulf Bid-Boland Gas Processing Company's 4,000 tons of pentane and 400 tons of butane
- Sepahan Oil Company's 805 tons of extract
- Mahabad Oil-Chemical Company's 100 tons of C6+
- Pasargad Steel Alloy Company's 60 tons of liquid oxygen
- Barod Carbon Company's 50 tons of carbon dioxide
Furthermore, 30,500 tons of products will be on sale on the Iran Energy Exchange's export ring:
- Nuri Petrochemical Company's 12,000 tons of raffinate and 12,000 tons of light naphtha
- Qeshm Behin Pars Oil Refining Company's 5,000 tons of naphtha
- Fannavaran Petrochemical Company's 1,000 tons of methanol
- Persian Gulf Bid-Boland Gas Processing Company's 500 tons of pentane
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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