ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Oil is an important resource found in which country?
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Israel
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Saudi Arabia
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Turkey
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None of the above
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Explanation:
Detailed explanation-1: -Saudi Arabia possesses around 17 per cent of the world’s proven petroleum reserves. Apart from petroleum, the Kingdom’s other natural resources include natural gas, iron ore, gold, and copper.
Detailed explanation-2: -Dharan Oil Fields. A massive oil pipeline carries petroleum from Dharan, Saudi Arabia, near where oil was first discovered in the country. Today, oil accounts for more than 90% of Saudi Arabia’s budget revenue.
Detailed explanation-3: -Saudi Arabia reportedly has the third most valuable natural resource reserves in the world, mostly petroleum and natural gas. The kingdom has the second-largest proven petroleum reserves, and the fourth-largest measured natural gas reserves.
There is 1 question to complete.