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Ensuring a Supertanker Goes Through The Strait Of Hormuz Now Costs Tens Of Millions, Total CEO Says

Strait Of Hormuz
International Business Times Fews App News Provider
Fews App Post Time Hace 5h

TotalEnergies Chairman and Chief Executive Officer Patrick Pouyanne said getting a supertanker through the Strait of Hormuz now costs $20 million. AFP via Getty Images TotalEnergies Chairman and Chief Executive Officer Patrick Pouyanne said getting a supertanker through the Strait of Hormuz now costs $20 million. Pouyanne told Bloomberg that the company is buying barrels at between $50 and $60 in the Persian Gulf as producing countries are increasingly desperate to sell their stocks as shipping through the waterway continues to be practically nonexistent.

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