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Across the Middle East, oil is a very important part of the economies. It is the major export and there fore is the major etc
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Which discovery greatly affected the economies of many Middle Eastern countries?
The discovery of oil affected the economies of the Middle East greatly. Since the world needs so much oil to function as it currently does, the Middle East found itself with a very important and very necessary commodity.
What role did America's need for oil play in Middle Eastern terrorism?
Oil was one of the incentives to invade the Middle East. With this, came terrorism on our own soil.
The economies of North Africa are heavily dependent on what?
oil
How has the oil affected the economies of the region?
Since the discovery of oil in the middle east, all of the countries that had the good fortune of finding oil experienced a boom in their economy. A boom in job offers coincided with this as well. The only ill effect, however, was that neighboring countries felt tension.
What is the name of the group of oil producing countries mainly Arab formed in 1960 to control international oil prices?
The answer you are looking for is most likely OPEC (Organization of Petroleum Exporting Countries), but there are several non-Middle Eastern members of OPEC like Venezuela and Nigeria.
Which discovery greatly affected the economies of many Middle Eastern countries?
The discovery of oil affected the economies of the Middle East greatly. Since the world needs so much oil to function as it currently does, the Middle East found itself with a very important and very necessary commodity.
Why is oil important to middle eastern countries?
Oil is important to Middle Eastern countries because it is a major source of revenue for their economies. Many countries in the Middle East have significant oil reserves, which allow them to export oil and generate income. This income can then be used to fund infrastructure projects, social programs, and other aspects of their economies. Oil also plays a key role in global energy markets, making these countries influential players in the global economy.
Which discovery greatly affected the economics of many Middle Eastern countries?
The discovery of oil affected the economies of the Middle East greatly. Since the world needs so much oil to function as it currently does, the Middle East found itself with a very important and very necessary commodity.
What two economies are important in the Middle East?
you might of heard of it.... oil and gold
What two economies are widespread in the Middle East?
The two most widespread economies in the Middle East are oil-based economies and service-based economies. Oil-producing countries heavily rely on revenues from oil exports, while service-based economies focus on sectors like tourism, finance, and real estate. Both types of economies play a significant role in the overall economic landscape of the region.
The Middle Eastern countries are the largest exporters of?
oil
Why did the United States get involved with Middle Eastern affairs?
Oil
What is the major source of income of middle eastern countries?
OIL
Who imports oil into the middle east?
Well actually, in the Middle East, Saudi Aarabia specialize in oil. So they are the ones who exports oil they do not import. But, if other Middle Eastern countries don't have oil, then they get the oil from Saudi Arabia. The oil is very expensive too! In the case of Israel, Israel imports oil from Egypt and from outside of the Middle East because other Middle Eastern countries do not have trade relations with Israel.
The Middle Eastern countries marked on the map are among the largest exporters of?
The Middle Eastern countries marked on the map are among the largest exporters of oil. These countries possess significant oil reserves and play a crucial role in the global oil market. Oil exports are a major source of revenue for many Middle Eastern nations.
How did the discovery of middle eastern oil in the 20th century influence international organizations politics?
It led Western states to interfere with Middle Eastern governments.
How do the Middle Eastern countries have so much oil reserves?
because they are naturally rich in oil, and they understand how precious oil is and will be.
