3 Days
Source:
البلاد
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Energy routes shift with increased oil transit
The article discusses the changing landscape of global energy transportation, highlighting significant jumps in oil transit through the Suez Canal and alternative pipelines bypassing the Strait of Hormuz. Despite geopolitical tensions, the movement of oil and gas carriers continues, with increasing reliance on Red Sea ports and ongoing development in that region. Recently, the volume of oil tankers passing through the Suez Canal has risen by about 30%, amid Gulf countries' efforts to enhance protection and capitalize on alternative routes to ensure energy market stability.
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