BAKU, Azerbaijan, December 9. The Iran Energy Exchange (IRENEX) will sell nearly 63,000 tons of hydrocarbon products on December 9, 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:
- Abadan Oil Refining Company's 6,000 tons of LCO (light cycled oil), 1,000 tons of light naphtha, 254 tons of solvent-410
- National Oil Company's 5,050 tons of gas condensate
- Bandar Abbas Oil Refining Company's 3,000 tons of naphtha
- Shimibaft Petrochemical Company’s 2,000 tons of MTBE (methyl tertiary butyl ether)
- Asaluyeh Halal Elixir Company's 1,500 tons of light hydrocarbon, 200 tons of hexane, and 90 tons of pentane
- Shiraz Oil Refining Company’s 1,500 tons of iso recycle
- Bandar Imam Oil Refining Company’s 1,010 tons of MTBE (methyl tertiary butyl ether)
- Bistoon Petrochemical Company’s 1,000 tons of solvent-502
- Arta Energy Company’s 850 tons of methanol
- Fannavaran Petrochemical Company’s 720 tons of methanol
- Bushehr Petrochemical Company’s 500 tons of methanol, 110 tons of pentane
- Shazand Petrochemical Company’s 500 tons of heavy distillate
- Jam Petrochemical Company’s 300 tons of heavy distillate
- Tabriz Petrochemical Company’s 150 tons of heavy distillate, 100 tons of fuel oil, 60 tons of liquid nitrogen
- Setareh Pooya Caspian Company's (PAYA SARVE CASPIAN Co.) 110 tons of pentane
Furthermore, 37,000 tons of products will be on sale on the Iran Energy Exchange's export ring:
- Persian Gulf Star Oil Company's 35,000 tons of naphtha
- Shimibaft Petrochemical Company's 2,000 tons of MTBE (methyl tertiary butyl ether)
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.
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.