Iran Energy Exchange Public Joint Stock Company (Iran)

The Main Activity of The Company is Establishing, organizing and administrating the Energy Exchange as an organized and a self-regulated entity
Listing products and product-based securities and providing necessary requirements for fair access of members to deal products and product-based securities according to laws and regulations
Defining membership requirements for different groups of members and accepting membership
PRODUCTS TRADED IN The Company
A variety of products are traded in the different markets of The Company ranging from petrochemicals, oil, natural gas to electric power. These products are traded both in the domestic ring and international ring.
The Company established under name Energy Exchange Public Joint Stock Company under registeration No. 428002 in Tehran on 7 July 2012.
The Company started its activity on 9 March 2013.
The Company changed its name to be Iran Energy Exchange (IRENEX) Public Joint Stock Company on 22 June 2014.
The Company listed in Iran Fara Bourse Base on 15 January 2013
The Company delisted from Iran Fara Bourse Base on 20 June 2020.
The Company listed in Tehran Stock Exchange on 7 June 2020.
The geo-economic situation of Islamic Republic of Iran and its rank as one of the world's largest oil and gas producers, plus its outstanding infrastructure in electrical power and other energy resources has made the existence and expansion of an energy exchange inevitable in Iran.
The Company operates with the aim of organizing, listing, supervising and easing the trade of energy carriers and energy carrier based securities, providing non-discriminatory and fair access of trading platforms to members, cooperation and coordination with financial institutions, companies, organizations and establishment of energy markets trustees such as ministries of Petroleum, Energy, Industry, Mine and Trade and the companies of National Iranian Oil Co., National Iranian Oil Refining Distribution Co., National Iranian Petrochemical Co., Tavanir, Iran Grid Management Co., Iran Water Resources Management Co. and Environmental Protection Organization and also performing other duties assigned in the company statute. Iran Energy Exchange was established on July 7, 2012 with the license of the Supreme Council of Securities Exchange as the fourth official exchange of the country and as a public stock company under the supervision of the Securities Exchange Organization.
According to The Company's activities, its stockholder combination has been announced by the Securities Exchange Organization as 60 percent financial institutions, 20 percent practitioners of power and oil industries and 20 percent the public, which also has the limit of 2.5 percent for each applicant. The initial capital of the company was considered 200 billion Rials and the company officially launched its trades on March09, 2013 with power, tar and coal commodities.
Iran Energy Exchange is a self-disciplined commodity exchange which has the possibility of trading physical energy carriers (including oil, gas, electricity and etc.) and commodity based securities. In this exchange, as similar to other exchanges, many buyers and suppliers are present which make possible the achievement of equilibrium prices of energy carriers with their interaction through a competitive atmosphere.
There are three initial instructions in Iran Energy Exchange:
Listing of Commodity Commodity-based Securities Instruction
Commodity Commodity-based Securities Trades Instruction
Registration and Deposit of Commodity Commodity-based Securities and the Settlement and Clearing of Trades Instruction
These instructions create the foundations of every contract and trade executed in IRENEX.