Iran's Energy Exchange announces products to be on sale on May 1

Finance Materials 30 April 2022 18:17
Iran's Energy Exchange announces products to be on sale on May 1

BAKU, Azerbaijan, April 30. More than 57,000 tons of hydrocarbon products will be on sale at the Iranian Energy Exchange (IRENEX) on May 1, Trend reports citing the IRENEX.

According to the report, the following products will be on sale on domestic floor of the Iran Energy Exchange on May 1:

- Iranian Sepahan Oil Company’s extracts;

- Iranol Oil Company’s light extracts (DAE-11) and heavy extracts (DAE-40);

- Esfahan Oil Refining Company’s iso recycle, solvent 400, solvent 406, solvent 410, solvent 503 products;

- Jam Petrochemical Company’s heavy distillate;

- Shazand Petrochemical Company’s heavy distillate;

- Tabriz Petrochemical Company’s liquid nitrogen, pentane, diesel products;

- Coal Tar Refining Company’s heavy tar oil;

- Shimibaft Petrochemical Company’s Methyl tert-butyl ether (MTBE);

- Zagros Petrochemical Company’s methanol;

- Shiraz Petrochemical Company’s methanol;

- Fannavaran Petrochemical Company’s methanol;

- Marjan Petrochemical Company’s methanol;

- Kaveh Methanol Company’s methanol;

- National Iranian Oil Products Distribution Company’s white oil;

- Bandar Abbas Oil Refining Company’s light naphtha;

- Ghadeer Petrochemical Company’s liquid nitrogen products.

“In addition, hydrocarbons (C7-C9) and pentane products of the Iranian Tabriz Petrochemical Company; solvent 402 of Tabriz Oil Refining Company; aviation fuel (ATK), and liquefied petroleum gas (LPG) of the National Iranian Oil Products Distribution Company; MTBE product of Shimibaft Petrochemical Company; methanol products of Fannavaran Petrochemical Company will be sold on the international floor,” the report said.

Certain products on IRENEX may become available for sale at a later stage, but they are not listed in the initial release.

On April 30, Iranian Tehran Oil Refining Company’s iso recycle and heavy naphtha products; Esfahan Oil Refining Company’s solvent 402; Shiraz Oil Refining Company’s solvent 404; Bandar Abbas Oil Refining Company’s light naphtha products were sold on the domestic floor.

As well as, the butane gas of Iranian Persian Gulf Star Oil Company was sold on the international floor.

A total of about 8,000 tons of goods worth about 1.28 trillion rials (about $5 million according to the SANA system) were sold on April 30.