An official with National Iranian Oil Company (NIOC)'s Department Of International Affairs Masoud Hashemian said the country has saved the amount by investing 3 billion dollars in the sector.

"This is the best achievement for Iran in launching CNG industries for optimizing fuel consumption," he said.

He said Iran is the second biggest owner of CNG-run cars in the world after China, saying the country follows Germany for the biggest number of gas engines.

The Iranian government has initiated an agenda for replacing gasoline with CNG in cars for 12 years.

Iran is hosting the 7^th conference and exhibition of Asia Pacific Natural Gas Vehicles Association (ANGVA) in Tehran.

Beginning on October 31, the three day conference and exhibition will host Iranian and foreign companies active in CNG industry.

Iran is to introduce its major compressed natural gas (CNG) projects to potential investors at the upcoming conference and exhibition of ANGVA in Tehran.

The event is aimed at boosting consumption of natural gas as the clean source of energy in the transportation sector.

The National Iranian Oil Refining and Distribution Company (NIORDC), the National Iranian Oil Company (NIOC), Iran National Standards Organization, Iran's presidential office, the Department of Environment, the Ministry of Industry, Mine and Commerce and the Ministry of Interior Affairs are among the Iranian organizations and bodies that have supported the event.

Based on 28th ANGVA Board meeting held in January 2015, Iran has been officiated as host of the 7th ANGVA Biennial International conference and Exhibition (ANGVA 2017).

The event will be held in Iran as one of the significant members of ANGVA and with considering the huge potential of investment opportunities in the field of oil and gas in our country.

Over the past decade, Iran -as the holder of the world’s first largest gas reserves, has become the biggest manufacturer and consumer of the mostly related CNG equipment in the world. Having extra capabilities in the country such as vast variety of gas transmission and distribution network, along with four million natural gas vehicles and around 2300 CNG refueling stations enable us to reach the top position in CNG industry among world’s countries. This exhibition and conference will highlight and discuss the opportunities and challenges of infrastructure and technologies development and deployment in the push for utilization of natural gas and other alternative fuels for the transport sector.

Iran as old as history itself inherits one of the most ancient civilizations of the planet. Throughout the years, its culture has influenced different parts of the globe from the Nile River to the heart of Europe. Along with its splendid history and culture, Iran is diverse land and has a great variety of geographical environment which offers a sense of paradise for all of the nature lovers.