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Unformatted text preview: transportation, and consumer costs Egypt-Contains “suez canal”, major oil route, transporting oil to Europe & Asia-3 million barrel of oil from saudi Arabia and kuwait: major oil producing countries Fear of oil disruption through the canal from labor strike-expected oil price increase led to 26.9% rise between 17 dec. 10 to 1 mar 11-high cuts in oil supply-higher cost of transportation After successful overthrowing -new government raised canal’s tariff-greater cost-increase in global oil price Impact on Thailand’s oil Industry Result s...
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