Middle East Economic Survey


No 7



Two Oil Tankers Seized By Pirates

Two oil tankers were seized by pirates last week, renewing concerns over the security of oil tanker transport from the Middle East and East Africa. Armed pirates seized the Greek vessel Irene, loaded with 270,000 tons of crude oil, off the coast of Oman on 10 February. The tanker was on its way to the Suez Canal from Fujairah when it was attacked. An Italian oil tanker was also hijacked off...