Thursday 23 April 2015

Otmane El Rhazi : Oil trade off Yemen coast grew by 20% to 4.7 million barrels per day in 2014

Otmane El Rhazi from Today in Energy.

While Yemen is not a major oil-producing country, its coast borders the Bab el-Mandeb Strait, a narrow chokepoint between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and petroleum product shipments to Europe and North America, as well as European and North African oil exports to Asia. Although the strait is 18 miles wide at its narrowest point, tankers passing through must use two 2-mile-wide shipping channels.

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