BAKU, Azerbaijan, February 25. A total of 43,000 tons of hydrocarbon products will be sold by Iran's Energy Exchange (IRENEX) on February 25, Trend reports.
Out of the mentioned volume, 27,000 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 Refining Company's 20,000 tons of crude oil
- Bouali Sina Petrochemical Company's 3,000 tons of raffinate
- Chemical Industry Investment Company's 1,000 tons of solvent-503 and 1,000 tons of solvent-502
- Bandar Imam Petrochemical Company's 506 tons of heavy distillate
- Amir Kabir Petrochemical Company's 500 tons of gasoline and 500 tons of heavy distillate
- Shiraz Oil Refining Company's 500 tons of heavy distillate
- Shimibaft Petrochemical Company's 50 tons of octyl alcohol
- Sorena Arka Chemical Medical Industry Company's 22 tons of liquid nitrogen
- Zagros Green Fuel Development Co's 21 tons of bioethanol
Furthermore, 16,000 tons of products will be on sale on the Iran Energy Exchange's export ring:
- Shazand Oil Refining Company's RCD (residual current device) section's 10,000 tons of processed residue (ATR 140)
- National Petroleum Products Distribution Company's 3,000 tons of aviation fuel (ATK)
- 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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