DEVELOPMENT IN MIDDLE EAST
DEMOCRATIC REFORMS IN MIDDLE EAST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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research facilities
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exports of manufactured goods
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semi-arid climate
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quantity of oil reserves
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Detailed explanation-1: -The region is home to 53 percent of the world’s proven oil reserves and nearly half of all known natural gas reserves.
Detailed explanation-2: -Oil sales have created immense wealth and boosted the economy in countries such as Saudi Arabia, Iran, Iraq, and Kuwait. Millions of people in these and other parts of the Middle East have homes, jobs and education as a direct result of oil.
Detailed explanation-3: -Global proved oil reserves breakdown by country 1992-2020. The Middle East accounts for the greatest share of proved oil reserves of any region in the world. As of 2020, the Middle East housed 48.3 percent of known oil reserves. This was followed by Central and South America.
Detailed explanation-4: -Oil has been the driving force in most Middle East economies, either directly or through remittances from foreign workers.