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It is located between Yemen, Djibouti, and Eritrea, and connects the Red Sea with the Gulf of Aden and the Arabian Sea. The 17-mile long waterway located in Turkey supplies Western and Southern Europe with oil from the Caspian Sea Region. An estimated 2.9 million bbl/d flowed through this passageway in 2009, of which more than 2.5
The Prince outlined his strategy in “Vision 2030”, and a major step in that direction is the listing of the state-owned oil company Aramco. Nasser did not hint at the percentage increase, even a small increase will add to the supply glut, because Aramco produces around 9.54 million barrels per day (bpd).
First, it had to halt production due to supply issues amid problems with cargo ships getting through the Gulf of Aden and the Bab al-Mandeb Strait due to the civil war in Yemen. Now, Tesla had to stop production and evacuate the factory today amid a potential sabotage of its power supply.
We’ve heard about Red Sea supply disruptions before, but these are different than those we’ve experienced in the past. To reach the Red Sea, ships must travel through the Gulf of Aden and the Bab al-Mandeb Strait off the coast of Yemen. And so, Tesla will see significant delays in supply of vehicle parts to its Berlin factory.
The considerably longer transportation times are creating a gap in supply chains,” Tesla Giga Berlin said in its statement. According to Reuters , Tesla Giga Berlin joined companies like China’s Geely and Sweden’s Ikea, who have openly talked about expected interruption and delivery delays due to the Red Sea attacks.
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