Tuesday, April 17, 2007

Half the world's oil

According to The Jakarta Post, 17 April 2007, there is a plan for an oil pipeline across northern Malaysia.

Investors from China, Iran and Saudi Arabia are expected to take a stake in the project.
The pipeline will allow Middle East oil to reach the South China Sea without traveling through the Malacca Strait.

The strait, which carries half the world's oil and more than a third of its commerce, is shared by Malaysia, Indonesia and Singapore.

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