Last week 149,000 MT VB were supplied in IME, by 195,900 MT increase, 252,000 MT demand were registered. In prior week, the supply rate soared by 119,000 MT clearly the whole amount was sold and weekly VB’s fluctuation rate was from 0% to 34.7-%. Due to outputs from all refineries except Tabriz, the amount of offers have increased. Furthermore, VB close price and IME’s export bitumen ratio reached 79%, also VB’s average value in Free Market USD assessed at 219$. In addition, VB’s value in the Center of Exchange Dollar Bill have reached 259$, showing 15$ decline in comparison to prior week.

Supplies in IME’s export market were around 68,000 MT and they were 24,600 MT more than the average of prior month. Due to offers from all huge refineries except Pars Behin Qeshm Oil total amount of supplies were soared considerably. For this amount of outputs, 37,900 MT demand were registered and as demand was weak, limited amount of supplies were traded. Considering the free market USD to IRR exchange rate, at published date, the bargained equivalent rates for Isfahan and Bandar Abbas Jey Oil Bulk Bitumen were 259$ and 291$ respectively. Furthermore, the rate for Jey Oil Drum Bitumen was 328$. Prices for Bandar Abbas and Abadan Pasargad Oil were 294$ and 273$ respectively.

The CEO of Imam Khomeini Oil Refinery Co., Majid Rajabi, in response to “what is the firm role in Tehran’s air pollution?” mentioned, “Our Company, is only produce and export fuel oil. However, it has been decided that the production of fuel oil will be halted and another valuable substance will replace it.”

The CEO of Municipal Department Housing and Urban Development referring to the latest stages of constructing brand new bitumen factories mentioned, “Factory No. 1 is in the final steps of testing, also gas and electricity branches were installed. Concrete flooring of new bitumen pool is done and the bunker could store approximately 3,000 MT of bitumen.

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Last week 115,000 MT VB were supplied in IME, by 12% increase, 284,000 MT demand were registered. In prior week, the supply rate soared by 34,000 MT clearly the whole amount was sold and weekly VB’s fluctuation rate was from 1.7%- to 50%. Due to declined outputs amount from all refineries and supply lackluster from Tabriz refinery, the amount of offers have decreased. Furthermore, VB close price and IME’s export bitumen ratio reached 86%, also VB’s average value in Free Market USD assessed at 225$. In addition, VB’s value in the Center of Exchange Dollar Bill have reached 259$, showing a rise by 7$ in comparison to prior week.

Supplies in IME’s export market were around 116,000 MT and they were 69,000 MT more than the average of prior month. Due to offers from all giant refineries, total amount of supplies were soared. For this amount of outputs, 138,350 MT demand were registered and as demand was more than supplies, all of them were traded. Considering the free market USD to IRR exchange rate, at published date, the bargained equivalent rates for Isfahan and Bandar Abbas Jey Oil Bulk Bitumen were 255$ and 272$ respectively. Furthermore, the rate for Jey Oil Drum Bitumen was 328$. Prices for Bandar Abbas and Abadan Pasargad Oil were 286$ and 271$ respectively.

In prior week, the financial statement of Pasargad Oil was published. According to the statement, firm’s profitability soared by 150% and led to an eye-catching demand for the company’s shares in the stock market. The net profit of the firm increased from 5,175 to 12,886 billion IRR, on the other hand, sales amount were only increased by 71%. Increased bitumen prices in the second half of last year was one of the main reasons. In addition, the statement demonstrates that domestic sales were reached 577,000 MT from 257,000 MT and export sales declined a bit to 732,000 MT from 741,000 MT, showing that the main part of outputs were sold in domestic market.

During last week, the financial statement of Hormoz Pasargad Company was published and it demonstrates that the firm branches do about 5% of Pasargad sales. In last year, the company sold 39,000 MT of bitumen worth 4,250 billion IRR.

The government spokesperson in response to “free-bitumen” plan, which presented by the parliament said, “As the government has no financial sources for this plan, we are not able to specify that amount of bitumen.

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Last week 131,000 MT VB were supplied in IME, by 2.9% increase, 292,000 MT demand were registered. Outputs offered by 390,000 IRR/USD rate in Jun 25 did not have any de- mand registered, on the other hand, supplies in Jun 27, which were based on 285,000 IRR/ USD rate traded completely. In prior week, the supply rate soared by 16,000 MT clearly the whole amount was sold and weekly VB’s fluctuation rate was from 3.7%- to 14.9%. Due to increase in outputs amount from all refineries and supplies from Tabriz refinery, the amount of offers have increased. Furthermore, VB from Tehran refinery declined the most by 3.7% and ratio between VB close price and IME’s export bitumen reached 89%, also VB’s av- erage value in Free Market USD assessed at 244$. In addition, VB’s value in the Center of Exchange Dollar have reached 289$, showing a rise by 20$ in comparison to prior week.

Supplies in IME’s export market were around 10,000 MT and they were 52,600 MT less than the average of prior month. Due to offers only from Pasargad Oil Company, total amount of supplies were declined. For this amount of outputs, 15,200 MT demand were registered and as it was more than supplies, all of them were traded. Considering the free market USD to IRR ex- change rate, at published date, the bargained equivalent rates for Abadan and Tabriz Pasargad Oil were 271$ and 282$ respectively. Furthermore, the rate for Arak Pasargad Oil was 275$.

In an amendment, ORICA revised the dollar rate for oil products base prices to 285,000 IRR. Although, two days before, in a letter the association mentioned that the dollar equivalent for oil products calculations was increased to 379,630 IRR.

The financial statement of Pasargad Oil was published in last week. The statement demonstrate that domestic and export sales of the firm were declined. During May- Jun, the firm sold 67,000 MT of bitumen in both domestic and foreign markets, al- though in Apr-May the mentioned amount was 105,000 MT. As the export bitumen price was in its’ peak during Apr-May, sales amount of the company were on high- er levels and as the bitumen price began the bearish trend, sales amount also decreased

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