Iran Energy Exchange Trade Exceeded $1b in Last Fiscal

The value of trade in the Iran Energy Exchange (IRENEX) touched 171 trillion rials ($ 1.17 billion) in the last fiscal (ended March 20) – up 126% compared to the year before, the IRENEX boss said.
Ali Hosseini ascribed the growth to the depth in the spot market and role of the derivatives market in financing energy projects, Fars News Agency reported. 
The value of trades at the physical market totaled 120 trillion rials ($ 824.7 million) in the last fiscal. Hydrocarbons had the lion’s share of the total trade in the previous fiscal, accounting for 99% of the market value and a disproportionate value of trade was registered in the name of the electricity sector in the spot market.