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Parliamentary oil outweigh the rise in oil prices due to the crisis Yemen
4/2/15
Tomorrow Press / Baghdad suggested the Commission on oil and energy parliamentary, on Thursday, rising global oil prices because of the current state in Yemen for the possibility of closing the Strait of Bab el Mandeb crisis.
The committee member said Kaveh Mohamed Mahmoud for "tomorrow Press", "The Strait of Bab el Mandeb his strategic importance in the region and the world because of its location in the transportation of oil and goods to East Asian countries," pointing out that "what is happening today of military operations in the State of Yemen and its impact on countries directed some of the region to protect the strait while the other went to secured and possibly cause Bglgah periods or on ships can not pass it. "
Mahmoud added that "these processes may cause a rise in global oil prices because there will be a need for crude oil, but it is up to the days and what Stúl military events in."
Research centers and estimated that about 5 million barrels per day of oil is transported through the giant ships through the Bab el Mandeb distributed to about 60 Steamboat is equivalent to 22 000 Steamboat Year which constitutes 7% of the global navigation.
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