oil production and industry in the arab world
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Chapter 4 , Lesson 3
Oil production and industry in the Arab
world Page : 97
Crude Oil
• 82 million barrels/day (2007)• The middle east & North Africa hold 70% of
world oil reserves • The middle east leads the global market of oil
production • After removing the impurities from crude oil ,
it includes petroleum, natural gas liquids , and additives ( other substances added in small amounts )
Major oil industry in the Arab world
• The Arab League is officially called the League of Arab States • Is an organization of Arab states in Asia and Africa ( middle east ) and produces 29.71 % of the global oil production
Flag of the Arab League
The Kingdom of Saudi Arabia
• Date of Oil Discovery : 1938• Date of Oil Production : 1938• Share of oil industry : 13 %. • most important member among 1 OPEC nations • oil industry is the highest 2 revenue in the Saudi Arabian economy.
1 : OPEC : organization of petroleum exporting countries
2 : revenue : the amount of money received by a company for goods sold and services provided
during a certain period
Flag of KSA
Ghawar
• Largest oil field in KSA and the world
• Located in Al-Ahssa