article thumbnail

PSA Peugeot Citroën to create a joint venture in Iran with Iran Khodro

Green Car Congress

PSA Peugeot Citroën, which has operated in Iran for more than 30 years, and Iran Khodro signed a joint venture agreement to produce latest-generation vehicles in Iran. The agreement provides for: The restoration of contractual relations concerning the manufacture of Peugeot-branded vehicles currently produced in Iran.

Iran 150
article thumbnail

Iran-Khodro to introduce cars equipped with its own new diesel engine this year

Green Car Congress

Fars News Agency reports that automaker Iran-Khodro Company (IKCO) will begin introducing cars equipped with its self-developed diesel engine by 2013. Mass production of the engine will start in 2015, according to Alireza Aslani, the project manager of the IKCO diesel engine. Fuel consumption is 5.5 liters of fuel per 100 km (42.8

Iran 186
article thumbnail

IEA March Oil Market Report revises 2015 demand forecast upward

Green Car Congress

IEA raised its forecast of demand growth for all of 2015 by 75 kb/d to 1.0 expected US crude supply, raising the 2015 North American outlook. mb/d, as losses in Libya and Iraq offset higher supply from Saudi Arabia, Iran and Angola. mb/d for the first half of 2015, down from a sharp 2.2 year gains estimated at around 0.9

2015 150
article thumbnail

Forecast: Global Natural Gas Vehicle Fleet to Reach 17 Million by 2015

Green Car Congress

The cleantech market intelligence firm forecasts that the number of NGVs on the road worldwide will grow to 17 million vehicles by 2015, up from 9.7 to reach just more than 3 million vehicles (including conversions) by 2015. between 2008 and 2015 (compared to 2.7% between 2008 and 2015. million in 2008.

2015 268
article thumbnail

The 5 Countries That Could Push Oil Prices Up

Green Car Congress

The ‘Fragile Five’ petrostates—Iran, Iraq, Libya, Nigeria and Venezuela—continue to see supply disruption potential, with northern Iraq crude exports at risk due to an escalation of tensions between the (Kurdistan Regional Government), Baghdad and Turkey, while the United States has decertified the 2015 Iran nuclear deal,” U.S.

article thumbnail

Forecast: 17M Natural Gas Vehicles Worldwide by 2015

Green Car Congress

Cleantech research firm Pike Research forecasts growth in natural gas vehicles (NGV) on the road worldwide to 17 million units by 2015, up from 9.7 to reach just over 3 million vehicles (including conversions) by 2015. The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. million in 2008.

2015 170
article thumbnail

Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). The EIA even predicts that OPEC’s net oil exports (excluding Iran) could fall to as low as $380 billion in 2015. Iran Nuclear Deal: A warning sign for OPEC?