Miscellaneous: Oil and Hormuz Strait pt..........II

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posted by kamalkali1962 1328 days ago
The importency of Hormuz Strait is understandable in the following statement – practically the entire oil from Bahrain, Iran, Iraq, Qatar, Saudi Arabia and the United Arab Emirates are transported through this. About two fifth of all globally traded oil are transported through it. About 80 per cent of all Japanese oil imports transit through it and the same is applicable for 12 per cent of total American oil imports & 25per cent of total Western European oil imports. A reliable estimate predicts that by 2020 the amount is likely to double than what is transported currently, i.e 35 million barrels per day. That will require about 30 tankers each day. Though the strait is 95 km wide, but only to two 3 km wide channels are available for navigation. Each used exclusively for inbound and outbound traffic. If the prediction comes anywhere near to reali
discuss | tags: oil crude hormuz tankers all | category: Miscellaneous | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas

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