Iran Energy Exchange managed $3.3b in deals

Financial Tribune – Total value of deals conducted at the Iran Energy Exchange reached 537 trillion rials ($3.35 billion) during the last fiscal year that ended on March 19.

The amount was up 171 trillion rials ($1 billion) compared to the year before to post 30% growth, according to IRENEX website.

Diesel, gasoline, liquefied natural gas, raffinate, electricity, heavy crude oil, solvent 402 (white spirit), solvent 503, heavy oil cut and heavy naphtha were among products sold in the energy bourse.

Spot market of IRENEX accounted for majority of the deals. Value of spot market deals amounted to 374 trillion rials ($2.1 billion) last year.

Spot market deals were handled by 62 brokerage firms while 36 brokers focused on derivatives. About 38% of the deals were handled by the top five brokerages.