Economic

Saudi proposes plan to dig Strait of Hormuz bypass

“A Saudi national has proposed digging a canal that would allow ships and tankers to bypass the Strait of Hormuz. The canal, with a length of between 60 and 100 kilometres, would link the Arabian Gulf with the Gulf of Oman and would end reliance on the Strait of Hormuz, said Sami Al Muhaidab.
According to reports, an average of 14 tankers per day passed out of the Arabian Gulf through the Strait in 2011, carrying 17 million barrels of crude oil, representing 35 per cent of the world’s seaborne oil shipments and 20 per cent of oil traded worldwide.”

Source: Saudi proposes plan to dig Strait of Hormuz bypass | GulfNews.com

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