Interoceanic Passages
Abivin
DECEMBER 5, 2022
The trans-Panama pipeline, which started operations in 2003, uses the same logic to transport oil, however the extra capacity it provides is only a few thousand barrels per day (Mb/d). In 2016, the strait handled over 16 Mbd, or about 30% of all global trade, and 80% of petroleum imports into Japan, South Korea, and Taiwan.
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