NEET BIOLOGY

Detailed explanation-1: -For example, the Middle East contains approximately 50 percent of the world’s proven reserves but accounts for only about 30 percent of global oil production (though this figure is still higher than in any other region).

Detailed explanation-2: -Meeting the Global Demand Southwest Asia contains much of the oil supply. As you learned in Chapter 21, about 64 percent of the world’s proven oil deposits and 34 percent of its reserves of natural gas are found in this region.

Detailed explanation-3: -The Middle East includes five of the top ten oil-producing countries and is responsible for producing about 27% of world production.

Detailed explanation-4: -Malaysia and Thailand are also among the largest oil producers in Asia. India is the third-largest oil-consuming country, after the U.S. and China. Demand remains strong, with the Asia Pacific consuming 38% of the world’s oil production.