Oil Transit Checkpoints And Piracy

Question 1

How much of the world’s petroleum moves via the oceans?

Answer 1

63%

Question 2

Name the 2 most important strategic checkpoints by volume of oil transported

Answer 2

• Strait of Hormuz (Coast of Iran)

- Strait of Malacca (Between Singapore and Indonesia)

Question 3

What can disruption to these localities affect?

Answer 3

Oil prices - Lengthen shipping journeys

Question 4

Outline piracy along the east coast of Africa

Answer 4

• Result of poverty and civil unrest
• 736 hostage and 32 ships held at one point in 2011
• Cost industry $10 billion

Question 5

Why has recent attacks in the Gulf of Aden declined?

Answer 5

• More naval patrols
• Reinforced vessels with barbed wire, water cannons and armed guards
• Rerouted ships and driven at higher speed to make boarding more difficult