Bitumen

Iranian bitumen priced on the Persian Gulf Fuel Oil index. Main buyers: India, China, UAE, Kenya, Turkey.

Key facts

  • Iranian bitumen priced on the PGFO index, bought through the Iran stock exchange.
  • Base price follows the Persian Gulf Fuel Oil (PGFO) index.
  • Main importing countries: India, China, the UAE, Kenya and Turkey.
  • Bought through the Iran stock exchange; see How to buy for the contract and payment flow.
  • Delivery terms: EXW, FCA, FOB, CFR or CIF.

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Packaging

Barrel

One of the most common packaging methods. Hot bitumen is poured into barrels, which are then sealed. The barrels protect the bitumen from the elements, so this suits long-distance transport.

Bitoplast

Polymer-modified bitumen packed in a special bag that withstands high temperatures. The bag melts together with the bitumen when heated, which makes it convenient.

Bitbag

A heat-resistant bag for packing and transporting hot bitumen, made from a material that withstands its high temperature. Cost-effective and environmentally friendly.

Jumbo bag

A large bag for bulk transport of bitumen, made from durable material that handles its weight and heat. Suited to large projects that need a lot of bitumen.

Bitumen Packaging