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What are the countries of the middle east like Saudi Arabia doing with the money they make by selling the world the petroleum it needs?
A lot of Saudi Oil Money goes directly to the royalty themselves who use the money for personal expenses. As a result they have numerous palaces, properties in hundreds of cities (both inside and outside of their countries) for vacations, bet large sums of money in sporting events (most commonly horse-racing), and generally live lives that would make Donald Trump envious. Another portion of Saudi oil wealth goes to support Wahhabi Islam and its outreach organizations. The only reason why Wahhabi Islam has become so popular outside of Saudi Arabia is because of this funding and, as many Muslim will tell you, Wahhabi Islam is corrupting and regressing values to the way they were nearly 1000 years ago across the Muslim world. The remainder of oil wealth goes towards maintaining the Saudi State in terms of supporting the police, soldiers, infrastructure, and cities for foreign oil workers in Saudi Arabia.
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How has oil helped the middle east develop modernize and grow economically-ex.-Saudi Arabia or Kuwait?
Petroleum is rather valuable, so the money gained from selling petroleum found in countries like Saudi Arabia, Kuwait, and the Emirates has been used by the governments of those areas in order to modernize their infrastructure and economic portfolio. However, these countries have been resistant to social changes.
Where is the largest amount of petroleum found?
The largest amount of petroleum is found in the Middle East region, particularly in countries like Saudi Arabia, Iraq, Iran, and the United Arab Emirates. These countries have some of the world's most significant oil reserves.
What region of the world has the most petroleum?
The Middle East region, particularly countries like Saudi Arabia, Iraq, and Iran, has the most petroleum reserves in the world. This region holds a significant portion of the global oil reserves and is a major exporter of petroleum products.
What A country that makes most of its money from the sale of petroleum?
Good examples of these countries could be Saudi Arabia, Yemen, the UAE (United Arab Emirates), and other Middle-Eastern countries.
Where is petroleum located?
the middle east, mainly saudia arabia,the U.S, and africa
What two countries produce the most oil in the Middle East?
The two largest petroleum producers in the Middle East are SAUDI ARABIA and IRAQ, but Iran is a close third. Algeria and Libya each produce less than half of what Iran produces, but they are the largest petroleum producers in North Africa.
Which region of the world produces the greatest amount of petroleum?
The Middle East is the region that produces the greatest amount of petroleum in the world, with countries like Saudi Arabia, Iraq, and Iran being among the top oil producing nations globally.
Where does the US get a lot of its petroleum from?
Middle Eastern countries
Were does the us get a lot of its petroleum from?
Middle Eastern countries
Where does the us get a lot its petroleum from?
Middle Eastern countries
Which geographic has the greatest number of member in organization of petroleum exporting countries?
The Middle East region has the greatest number of members in the Organization of Petroleum Exporting Countries (OPEC). Countries like Saudi Arabia, Iraq, Iran, and the United Arab Emirates are some of the largest oil-producing nations and members of OPEC from this region.
Who owns the strategic petroleum reserve?
Middle east countries
