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Iran's CNG industry reveals revenues from exports

Oil&Gas Materials 11 May 2022 15:37 (UTC +04:00)

TEHRAN, Iran, May 11. Iran's CNG industry has been on a roll with a $4-billion profit from the sale of 8 billion cubic meters of gas last Iranian year (started March 21, 2021), said a member of CNG Association of Iran Mohsen Johari, Trend reports citing IRNA.

"The significant profitability in the CNG industry is happening while half of the country's CNG stations are empty," he said.

He pointed out that the government should increase the budget to help the CNG stations pay for extra costs and workers' salaries and avoid the possible layoff of 20,000 workers.

According to the official, Iran's CNG profits could increase to $8 billion per year by improving the existing infrastructure.

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