DEVELOPMENT IN MIDDLE EAST
DEMOCRATIC REFORMS IN MIDDLE EAST
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Diamonds
|
|
|
Gold
|
|
|
Oil
|
|
|
Salt
|
Detailed explanation-1: -The Middle East has always had a rich abundance of natural resources, although which resources are coveted and valued has changed over time. Today, abundant petroleum fields dominate the area’s economy.
Detailed explanation-2: -Oil and natural gas are the twin engines that power the Middle East’s economy. 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-3: -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-4: -As the two most important resources in the region, water and oil have caused such conflicts. Oil is the most abundant resource in the Middle East, and many countries’ economies are dependent on it.
Detailed explanation-5: -As of 2018, over 10 million barrels of crude oil were produced in Saudi Arabia of which 3 million barrels were consumed, on a daily basis. This crude oil is further refined to produce products such as diesel, fuel oil, gasoline, LPG, kerosene etc. by refineries like Saudi Aramco.