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Iran may restart gasoline imports as CNG sector is in the red

Oil&Gas Materials 9 September 2012 15:54
Iran may decide to import gasoline as many of compressed natural gas (CNG) stations nationwide may be shut down due to unpaid debts to the administration, the chairman of the board of directors of the union of CNG station owners stated.
Iran may restart gasoline imports as CNG sector is in the red

Azerbaijan, Baku, Sep.9/ Trend F.Milad/

Iran may decide to import gasoline as many of compressed natural gas (CNG) stations nationwide may be shut down due to unpaid debts to the administration, the chairman of the board of directors of the union of CNG station owners stated.

Once the CNG stations are closed, gasoline consumption will be increased and the importation of gasoline will be more likely, Ardeshir Dadras told the Mehr news agency.

CNG station owners have a total debt of 3.8 billion rials (some $310 million) he said, adding that around 1,930 CNG stations are currently operating across the country.

Each cubic meter of CNG is sold at 2,600 rials (some $0.2) to CNG stations.

Some 18-20 million cubic meters of CNG is consumed per day in Iran, equaling 18-20 million liters of gasoline.

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