Bypassing The World’s Key Oil Chokepoints

oilprice

The suspension of oil shipments through the strait of Bab el-Mandeb this week by Saudi Arabia, coming shortly after a threat by Iran to shut the strait of Hormuz, raised a lot of questions about the vulnerability of the oil trade to just a handful of chokepoints around the world. But what are countries and oil producers doing to alleviate that risk?

In a previous article, I detailed the top 4 chokepoints that pose a risk to oil supplies. Let’s look now at some of the projects and schemes intended to work around those chokepoints…

Read more : Oilprice, 29.07.2018