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