An Examination of the International Flow of Crude Oil, with Special Reference to the Middle East.

T. T. Connors

Expert InsightsPublished 1969

This paper focuses on the changing patterns and means of transporting crude oil which resulted from the closing of the Suez Canal and discoveries of new oilfields. The world tanker fleet increased 22 percent between 1957 and 1967, while the average size of tankers increased 76 percent. New mammoth tank ships, greater than 200,000 DWT, have been developed which can economically carry huge shipments over longer passages. In addition, continued improvement in pipeline technology may open up both overland and submarine routes which have heretofore been infeasible. These will, in turn, establish new routes from their terminals to the market areas. It is concluded that the Suez Canal will not regain its former importance for crude oil transportation, even if it is deepened and improved, but that it will continue to command attention, particularly the Soviets', as a salient link in the waterways surrounding the Eurasian land mass. 85 pp.

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Connors, T. T., An Examination of the International Flow of Crude Oil, with Special Reference to the Middle East. Santa Monica, CA: RAND Corporation, 1969. https://www.rand.org/pubs/papers/P4209.html.
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