Business And Markets

IRENEX Trade at $5 Billion Last Year

Around 8 million tons of gasoline was exported in 2020-21. But gasoline export was almost zero due to the rise in domestic consumption
IRENEX Trade at $5 Billion Last Year
IRENEX Trade at $5 Billion Last Year

Trade in the Iran Energy Exchange (IRENEX) reached 1,480 trillion rials ($4.9 billion) in the last fiscal year that ended on March 20.
According to Ali Naqavi, managing director of IRENEX, this was 13% higher in value on the year before, the IRENEX website reported. 
An estimated 2.3 million tons of hydrocarbons worth 250 trillion rials ($833 million) were sold in the domestic ring of the exchange. It also hosted energy carriers weighing 5.3 million tons worth 800 trillion rials ($2.6 billion).


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