US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide
Green Car Congress
DECEMBER 31, 2011
They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. The Abqaiq-Yanbu natural gas liquids pipeline, which runs parallel to the Petroline to the Red Sea, has a 290,000-bbl/d capacity. Use of the alternate routes would increase the cost of transportation.
Let's personalize your content