For Free Headlines Submit Your Email
Tuesday, April 23, 2024 7:3 GMT
Iran exported 2.5 million tons of bitumen to other countries during the first seven months of the current Iranian calendar year (21 March - 22 October), an official with the country’s Industry, Mining, and Trade Ministry said.According to Mohammad Hesamzadeh, Iran’s annual bitumen production currently stands between 5.5-6 million tons, while the annual production capacity of the mentioned commodity in the country is more than 24 million tons, IRIB reported.The target markets for Iranian bitumen are mostly neighboring countries such as Pakistan, Iraq, United Arab Emirates (UAE), and some African countries, Hesamzadeh said.“Bitumen is one of the important non-oil export products in the country and plays an essential role in Iran's economy,” he said. - Tehran Times