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Iran announces first lithium reserve in country; projected 8.5 million tonnes

Green Car Congress

Iran’s Ministry of Industries, Mining and Trade recently announced that the country has discovered its first lithium reserve, in Qahavand in Hamedan province. million tons of lithium; if realized, this would rank Iran behind Chile (11 millions tons) and ahead of Australia (7.9 The reserve is believed to hold 8.4

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Iran negotiations, OPEC meeting loom for oil markets

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As November draws to a close, there are two major events that could profoundly change the oil markets. With the clock ticking, the 5 permanent members of the UN Security Council plus Germany (P5 plus 1) are negotiating down to the wire with Iran over its nuclear program. As a result, Iran’s GDP fell by 5.8 Source: [link].

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Volkswagen starts automotive business in Iran

Green Car Congress

Volkswagen will begin the sale of vehicles in Iran in August. The Volkswagen brand will thus again have a presence in the Iranian market after more than 17 years. The Iranian government estimates that there will be some 3 million new registrations in the overall passenger car market per year in the medium to long term.

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Saudi Arabia And Iran Reignite The Oil Price War

Green Car Congress

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. and US$1.45, depending on the market and grades. sanctions on Iranian oil.

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

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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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Terra Motors starting electric two-wheeler sales in Iran

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Japan-based Terra Motors, a manufacturer of electric two and three-wheelers ( earlier post ), has started sales of the A4000i electric scooter—with new products to follow—in Tehran, Iran with Jahanro Industrial Co, exclusively for next five years. In Iran, the government has decided to reduce gasoline subsidies.

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PSA Group and Iran Khodro sign JV agreement

Green Car Congress

The PSA Group and Iran Khodro have signed the final joint venture agreement to produce latest-generation vehicles in Iran. This investment will contribute to the development of a competitive manufacturing base for producing, launching and marketing Peugeot 208, 2008 and 301 models, fitted with latest-generation engines.

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