EghtesadOnline: Some 2.2 million tons of bitumen worth $410 million were exported from Iran during the seven months to Oct. 22, registering a 17% rise in weight and 6% fall in value compared with the similar period of last year, an official with the Trade Promotion Organization of Iran.

EghtesadOnline: Iran Mercantile Exchange plans to start bitumen exports to India as per an agreement reached between the two countries’ market regulatory organizations on Thursday.

EghtesadOnline: Close to 290,000 tons of bitumen worth 1.76 trillion rials ($47.08 million) were exported from Iran in the first month of the current Iranian year (March 21-April 20), the Islamic Republic of Iran Customs Administration announced.

EghtesadOnline: Hormoz Pasargad Bitumen Products Company, Iran’s biggest producer of the asphalt material used to pave roads, plans to boost output by 15% in the next two years, with all of the increased supply going to overseas buyers led by India and the UAE.

EghtesadOnline: Managing Director of Tamin Petroleum & Petrochemical Investment Company (Tappico) Mohammad Hassan Payvandi said on Tuesday that the largest bitumen consignment weigh 37,000 tons were exported to Malaysia and Singapore recently following implementation of Joint Comprehensive Plan of Action (JCPOA).

EghtesadOnline: Shipping sanctions against Iran were failed in the post-JCPOA era with export of over 34,000 tons of bitumen from Bandar Imam Khomeini port to Malaysia.

EghtesadOnline: Iran’s bitumen industry is plagued by a lack of steady supply of raw materials and varying quality, causing the industrial material’s exporters to lose ground in international markets.

EghtesadOnline: Iran Mercantile Exchange is planning to start bitumen exports to India, chief executive of the commodity exchange, Hamed Soltani-Nejad, announced.