Green Car Congress

JULY 11, 2016

OPEC’s 300,000-barrel-per-day output rise in June, boosted by fragile recoveries in Libya and Nigeria, and the unrelenting rise in Iran and the increase in Saudi Arabia, sends a strong message over its unwavering market share strategy. The sharp increase in OPEC’s June production affirms a continuation of its market share strategy.

Saudi Arabia 150

Saudi Arabia 2008 Iran Nigeria 150

Green Car Congress

JANUARY 1, 2010

Venezuela state-owned PDVSA and Italy-based Eni are finalizing a planned 60:40 joint venture to produce heavy crude oil in Junin Block 5 in the Orinoco Oil Belt in Venezuela in 2014. In early 2008 the firm Ryder Scott certified about 40 billion barrels of original oil in place on the Junin 5 block.

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Venezuela Oil Oil-Sands 2009 186

Green Car Congress

JULY 21, 2009

In addition, GM Daewoo provides market and brand-specific vehicle kits for assembly at GM facilities in China, Thailand, India, Colombia and Venezuela. In 2008, GM Daewoo sold in Korea and exported more than 1.9 GM Daewoo now produces vehicles and kits to offer in more than 150 markets on six continents.

2011 150

2011 GM South Korea Hybrid 150

Green Cars News

JULY 21, 2009

The South Korean market has already shown its willingness to embrace green car technologies so it comes as no surprise that GM Daewoo Auto & Technology is considering producing a hybrid vehicle in the country in two years time. The company also sold in Korea and exported more than 1.9million units in 2008.

GM 39

GM 2011 South Korea Hybrid 39