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What was Nigeria's economy like before the discovery of crude oil?
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∙ 12y ago
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What is Iraqs economy based on?
The economy in Iraq before the fall of Saddam and after has been the sale of its crude oil from proven oil reserves. These reserves are quite large and keep its economy going.
What is the primary economic activity of the Middle East?
Free economy and Command economy
How do you mine crude oil?
I actually have another question: Does crude oil count as the mining sector in a country's economy? thanks.
What is done to the crude oil before it enters the column?
Crude oil is heated at about 350 degrees
How do they make crude oil?
you don't make crude oil. Crude oil is natural oil after it has been sucked up from the earth, before it has been processed
North Africa economy depends on oil depends on pumped from the what?
The North African economy, the economy of Libya, depends on the light crude petroleum. This type of oil is highly valued due to its chemical properties.
Where was oil discovered in Alberta?
The major crude oil discovery made near Leduc, Alberta, Canada on February 13, 1947.
What is oil called before it is has been refined?
Crude Oil.
What is crude palm oil?
Crude palm oil is actually the oil extracted from palm kernels before it is purified. It is edible and is quite delicious.
What is crude oil also known as?
Crude Oil is hydrocarbon and it is mixture of carbon and hydrogen.
What is the relationship among US housing market and US economy and US dollar and world Crude Oil prices?
In simplistic terms, weak US housing market causes weakening US economy, which in turn causes dollar to weaken in the world currency markets, which in turn strengthens world crude prices denominated in US dollars, and this finally puts even more pressure on US economy.
What are the economic importance of crude oil?
The economic importance of crude oil is that it is used to produce gasoline and other fuels used around the world. Countries must pay large amounts of money for these resources which drive the economy.
