OFFERS AND TRADING RESULTS OF IRAN ENERGY EXCHANGE A BRIEF REWIEW ON OFFERS AND TRADING RESULTS OF IRAN ENERGY EXCHANGE (IRENEX) IN THE INTERNATIONAL RING Jan 16, 2021 up to Jan 22, 2021. OFFERS RESULTS Commodity Cargo Delivery Location Final Destination Offer Volume Base Price Offer Date Producer Minimum Purchase Volume Contract Type Delivery Term Settlement Type Traded Volume Rest Of Offer Offer Status Price (Low-High) Reformate (Rial/Liter) Tabriz Free 1,200,000 89,588.00 January 18 Tabriz Oil Refinery 30,000 CASH FCA Currency 0.00 0.00 CLOSED 0.00 Solvent 402 (Rial/lLiter) Tabriz Free 1,200,000 85,030.00 January 18 Tabriz Oil Refinery 30,000 CASH FCA Currency 0.00 0.00 CLOSED 0.00 Solvent 404 (Rial/lLiter) Tabriz Free 600,000 85,924.00 January 18 Tabriz Oil Refinery 30,000 CASH FCA Currency 0.00 0.00 CLOSED 0.00 HSFO ATR-140 ($/mt) Arak Free 10,000 0.00 (Premium) January 18 Shazand Oil Refinery 500 CASH FCA Currency 0.00 0.00 DOWN 0.00 Solvent 402 ($/mt) Bandar Abbas Iraq Pakistan Afghanistan 10,000 427.00 January 18 Persian Gulf Star Oil Refinery 5,000 CASH FCA Currency 0.00 0.00 COMPETITION 0.00 Heavy Naphtha ($/mt) Mahshahr Maritime 35,000 358.00 (-150.00) January 18 NIORDC 35,000 CASH FOB Currency 0.00 0.00 CLOSED 0.00 LPG (50-50) ($/mt) Asaluyeh Free 20,000 410.00 (-130.00) January 19 NIGC (South Pars) 2,000 CASH FCA Currency 2,000 18,000 DOWN 410.00 (-130.00) Rafinate2 ($/mt) Mahshahr Free 3,000 390.00 January 20 Shimi Baft PC 500 CASH FCA Currency 0.00 0.00 CLOSED 0.00 Rafinate ($/mt) Asaluyeh Maritime 30,000 467.86 (-40.00) January 20 Nouri PC 10,000 CASH FOB Currency 0.00 0.00 CLOSED 0.00 Heavy end ($/mt) Mahshahr Iraq 4,000 410.00 January 20 Bualisina PC 1,000 CASH FCA Currency 0.00 0.00 CLOSED 0.00 Heavy end ($/mt) Mahshahr Afghanistan 4,000 405.00 January 20 Bualisina PC 1,000 CASH FCA Currency 4,000 0.00 COMPETITION 361.22-366.90 Reformate ($/mt) Mahshahr Free 3,000 470.00 January 20 Bualisina PC 500 CASH FCA Currency 0.00 0.00 CLOSED 0.00 Light Naphtha ($/mt) Mahshahr Maritime 35,000 408.00 (-100.00) January 20 NIORDC 35,000 CASH FOB Currency 35,000 0.00 DOWN 408.00 (-100.00)