Shipping sanctions failed with bitumen exports

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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.

Bitumen loading on Palanka Maputa, one of the seven biggest ships in the world, which had decked in Bandar Imam Khomeini, destined for Malaysia, completed on Saturday.

The 35,000-ton cargo, valued at 300 billion Rials, took eight days to load the bitumen on the ship.

Abadan Naft-e Pasargad Company, seller of the cargo to Malaysia, is the biggest exporter and bitumen integrated transporter in the region.

Iran and P5+1 Group reached a nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), which removed nuclear-related sanctions against Iran.

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