31 Dec '11, 12pm

US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

The Strait of Malacca , located between Indonesia, Malaysia, and Singapore, which links the Indian Ocean to the South China Sea and Pacific Ocean. Malacca is the shortest sea route between Persian Gulf suppliers and the Asian markets. Malacca is the key chokepoint in Asia with an estimated 13.6 million bbl/d flow in 2009, down slightly from its peak of 14 million bbl/d in 2007. Suez Canal/SUMED Pipeline. Closure of the Suez Canal and SUMED Pipeline would add an estimated 6,000 miles of transit around the continent of Africa. The Suez Canal is located in Egypt, and connects the Red Sea and Gulf of Suez with the Mediterranean Sea, spanning 120 miles. The Strait of Bab el-Mandab is a chokepoint between the horn of Africa and the Middle East, and a strategic link between the Mediterranean Sea and Indian Ocean. It is located between Yemen, Djibouti, and Eritrea, and connects th...

Full article: http://www.greencarcongress.com/2011/12/hormuz-20111231.html

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