News ID: 14347
Published: 0719 GMT October 26, 2014

Iranian bitumen exports rank 1st in Mideast

Iranian bitumen exports rank 1st in Mideast

Iran ranks first and fourth in the Middle East and the world respectively in bitumen exports, said the managing director of Pasargad Oil Company.

Speaking in the First International Bitumen Conference 2014 on Sunday, Mohsen Delaviz said currently, global demand for bitumen amounts to 100 million tons.

He added that Iran accounts for more than 4 percent of the world’s total bitumen exports.

Delaviz put Iran’s annual bitumen exports at 2.3 million tons, noting that the high demand for Iran’s bitumen in international markets is due to its reasonable price and high quality.

“However, despite the country’s favorable potentials in this regard, we have not been able to play a desirable role in global markets,” he said.

The official said his company has devised effective plans to expand Iran’s presence in international markets and established the required infrastructures.

Delaviz noted that his company’s main policy is to sign long-term bitumen export contracts.

“We have signed a contract for exporting 500,000 tons of bitumen with Oman. The company has received a large number of requests from other countries for signing long-term export contracts, one of which has been submitted by a European state,” he said.

The head of Pasargad Company added that by improving the sector’s infrastructures, the country will be able to double bitumen exports in a year.

Delaviz said Iran exports bitumen to 61countries.

“In case the country uses all its potentials in this regard, it will be able to overtake South Korea in bitumen exports,” he said. 

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