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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.

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IEA March Oil Market Report revises 2015 demand forecast upward

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mb/d for the current quarter, according to the IEA Oil Market Report for March. 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.

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

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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

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

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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 Globally, Pike Research forecasts that the NGV market will grow at a CAGR of 5.5% to reach just more than 3 million vehicles (including conversions) by 2015. million in 2008.

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The 5 Countries That Could Push Oil Prices Up

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Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. The threat of an outage will carry more weight as the oil market tightens. The danger to Iran is a return of U.S. Iran probably won’t pose a supply risk to the market, at least not this year.

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Forecast: 17M Natural Gas Vehicles Worldwide by 2015

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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 Pike Research forecasts that the NGV market will grow globally at a CAGR of 5.5% to reach just over 3 million vehicles (including conversions) by 2015. between 2008 and 2015.

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Opinion: How Much Longer Can OPEC Hold Out?

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With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” (Source: opec.org).