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BP begins shipping crude oil for US West Coast through transPanama Pipeline

Green Car Congress

FEBRUARY 3, 2012

BP Products North America Inc. has started shipping crude oil bound for the US West Coast through Petroterminal de Panama ( PTP )’s trans-Panama pipeline, marking the start of a seven-year transportation and storage agreement between BP and PTP. Under the terms of the agreement, BP has leased a total of 5.4

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Panama Oil South America Alaska 210
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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

Green Car Congress

DECEMBER 31, 2011

Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. Use of the alternate routes would increase the cost of transportation.

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Oil Panama Saudi Arabia United Arab Emirates 297
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