EghtesadOnline: Investing $1 billion in the compressed natural gas sector, as an alternative green fuel, will help replace 20 million liters of gasoline with 20 million cubic meters of CNG per day, a deputy oil minister said Saturday.
EghtesadOnline: The first privately-run compressed natural gas cylinder manufacturing plant opened in Alborz Industrial Town in Qazvin Province on Saturday, the provincial governor general said.
EghtesadOnline: So long as profit margin for retailers in the CNG sector remains low, the privately-owned industry is unlikely to grow, head of the Iran CNG Association said.
EghtesadOnline: So long as cars can run on compressed natural gas, liquefied petroleum gas (LPG) should be used for more useful purposes, head of the Iran CNG Association said.
EghtesadOnline: Major local carmaker Iran Khodro (IKCO), in collaboration with Iran Taxi Union, is replacing 40,000 dilapidated taxis with CNG-hybrid vehicles with Euro 4 and Euro 5 standards.
EghtesadOnline: Retrofitting vehicles, especially vans, with compressed natural gas can substantially cut fuel costs, head of the CNG Department of state-run National Iranian Oil Products Distribution Company said.
EghtesadOnline: A nationwide plan for converting 1.4 million gasoline-powered public transport vehicles and private cars to CNG hybrids has gained impetus.
EghtesadOnline: After gasoline was rationed last November and the price of non-subsidized fuel doubled, some motorists turned to using other types of fuels for their cars such as compressed natural gas and liquefied petroleum gas. They converted their car engines to CNG hybrid or to LPG.
EghtesadOnline: Automaker Iran Khodro (IKCO) and Iran Taxi Union are jointly pushing an initiative to replace 50,000 dilapidated taxis with CNG-hybrids by the end of the current Iranian year (March 2021).
EghtesadOnline: In May a website was introduced by the National Iranian Oil Products Distribution Company, where certain vehicles can register for free conversion of their vehicles into compressed natural gas hybrids.