Tag Archives: Iran Energy Exchange (IRENEX)

The National Iranian Oil Company (NIOC) has planned to sell 6 million barrels of heavy and light crude oil and gas condensate at the international floor of the Iran Energy Exchange (IRENEX).

Investment risks should be offset by increased interest rates and returns.

The value of trades at Iran Energy Exchange (IRENEX) has reached 330 trillion rials since the beginning of the current Iranian calendar year.

New report shows that neighboring countries are increasing their purchase of Iran’s petrochemical products through a local energy exchange where more than $200 million sales have been recorded just in last week.

The successful sell-off by the NIORDC may have encouraged the NIOC to accelerate its plans for trade of oil cargoes at IRENEX.

CEO of the IRENEX Seyed Ali Hosseini said that the LPG trade recorded had been unprecedented.

Iran has 600.000 barrels per day of surplus oil that can be turned into various refined products.

Some 80 percent of oil products of the refinery is offered through the international floor Iran Energy Exchange (IRENEX).

The figures indicate a two-and-a-half-fold increase in trade volume and a threefold rise in value.

The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of light crude oil on the international floor of the Iran Energy Exchange (IRENEX) on October 8 at $61.1 per barrel.