News ID: 14307
Published: 0338 GMT October 26, 2014

Iran ranking first in Mideast, fourth in world in bitumen exports

Iran ranking first in Mideast, fourth in world in bitumen exports

Managing Director of Pasargad Oil Company said Iran stands in the first place in the Middle East and fourth in the world with regard to export of bitumen.

Speaking at the Bitumen International Conference here on Sunday, Mohsen Delaviz further remarked that at present there is over 100 million tons of world demand for bitumen of which Iran accounts for 4%, IRNA said.

Iran stands in the first place in the Middle Eat by exporting 2.3 million tons of bitumen per year, Delaviz said, adding that good plans have been made for strengthening Iran’s presence in the world markets.

Stressing that Iran’s bitumen has attracted world attention due to its high quality and fair price, the Pasargad Oil Company director said however despite satisfactory capacities the country has not been able to play its appropriate role in the world market.

He said his company’s policy is based on signing long-term contracts, adding that an agreement has been signed with Oman for the export of 50 thousand tons of bitumen and there are two other contracts for over 2 million tons one of which is related to a European country.

Delaviz noted that with the construction of proper infrastructure the tar production can be doubled annually, adding that now Iran’s bitumen is exported to over 60 world countries. He said with an increased capacity Iran can leave behind South Korea and stand in the first place in Asia.

   
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