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How did oil change life in the Middle East?

Updated: 8/23/2023

Wiki User

∙ 6y ago

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The presence of large deposits of oil changed the lives of the people of the Arabian peninsula by its growth in global importance. Their nations make almost all of their export money and a large share of GDP from oil, so oil prices are very important to them.

Wiki User

∙ 12y ago

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Wiki User

∙ 12y ago

it made them rich

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Continue Learning about General History

What two things are scarce in the Middle East?

The most valuable resources in the middle east, are Water and Oil.

Is Iraq in the Middle East?

Oil.

Whats the main source of wealth in the middle east?

Oil

Why are most OPEC countries located in the Middle East?

That is where the oil is

What in the Middle East was not directly influenced by oil?

Virtually nothing.

Related questions

Why is the middle east said to have a comparative advantage in producing oil?

Middle East nations can produce oil less expensivelyNova Net Answer: Middle east nations can produce oil less expensively.

Why was the middle east said have a comparative advantage in producing oil?

Middle East nations can produce oil less expensivelyNova Net Answer: Middle east nations can produce oil less expensively.

Where does the US get much of it oil from?

the Middle East

Do they buy the oil from middle east?

Many countries by oil from the middle east. (70% of all countries) :)

Where does the United states get much of its oil from?

Middle East

What country in the middle east is the leading producer of oil?

Saudi Arabia is the leading producer of oil in the Middle east.

What is the Middle East nation that you get oil from?

Nations around the Persian Gulf are the big producers of oil in the Middle East.

What union was developed to control the production of oil in the middle east?

middle east

What is the richest resource in the middle east?

Oil is the richest resource in the middle east.

What is the major industry in the Middle East?

Oil and Gas is the top industry in the Middle East.

Which natural resources is abundant in the middle east which one is scare?

Oil is abundant in the middle east Water is scarce in the middle east

Which region has an economy that is most Dependant on the export of oil?

The Middle East and Southwest Asia's economy depend on the export of oil. Several countries in Africa have a dependence on imported oil.

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