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Gulf waterways still critical ‘chokepoints’
In a new report, the US government’s Energy Information Administration (EIA) has identified seven major ‘chokepoints’ for the worldwide maritime transit of oil, which accounted for about 61% of global petroleum and other liquids movements in 2015 (when total world supply was about 96.7m b/d). Among them, the Strait of Hormuz at the mouth of the Gulf is named as the most important strategic chokepoint by volume of oil transit, with 18.5m b/d of crude and petroleum liquids transiting through the area in 2016.
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