A Dow Jones Newswires report has cited Company spokesperson Agnieszka Siola as saying that the new contracts are to increase
OGEC's revenue by five percent in 2010.
The asphalt mixture used for porous pavement is similar to that used by highway departments for open-graded friction courses (
OGEC), says David Newcomb, vice president, research and technology for the National Asphalt Pavement Association.
The gas cartel is still officially known as the Gas Forum, but major exporters Iran and Russia last year started a move to change the body into an OPEC like organization called the
OGEC. Iran, Russia, Qatar, Venezuela and Algeria are among the GECF's member states which possess 42% of the world's gas reserves.