The unprecedented increase in bitumen feed prices has led to a halt in exports of this strategic product

The 300% increase in the volume of vacuum bitumen over the past three years, as well as the upward trend in prices in the last three months, have led to a significant decline in exports of this strategic product.

Under current sanctions and at least 270% increase in export costs in recent months, unfortunately, the rising trend of vacuum bat prices in 98 has made the export of this product a very serious threat.

A review of the international markets for bitumen and finished prices of bitumen in Iran shows that the country’s market share in export purposes has declined sharply, and if bitcoin vacancies are not taken urgently, the bitumen vacuum prices will soon see their production units shut down and employment eliminated. The industry will boom in production this year.

According to experts in the field of oil, Iran’s bitumen exports will drop to zero in August if this trend continues unabated.