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How much does oil
contribute to the economies of the major oil producing and exporting
countries?
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The main question for this topic @ Billion Dollar Questions: How
Long will Oil Last?
See a list of all the topics under the question here.
Some facts:
The Saudi Arabian economy is heavily dependent on oil
production, which provided over 90% of export value and 75% of government
revenues in 2001.
Sales of oil accounted for more than 90 per cent of the Nigeria's
total foreign-exchange earnings (1999)
For Iran, there has been a decreasing dependency on oil
income; and due to unstable global prices for oil, the contribution of oil in
GDP has decreased from 39.4% in 1979 to 18.1% in 1996
On the eve of the Iran-Iraq War, the petroleum sector
dominated the economy, accounting for two-thirds of GDP. The outbreak of war
curtailed oil production, and by 1983 petroleum contributed only one-third of
GDP. But in Iraq’s case, the non-oil contribution also shrank, resulting in
an absolute decrease of the country’s GDP during this period (1981-83).
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Related
Topics & Questions
When
was the modern oil industry born?
How
much oil does the world consume per day?
How
much oil does the United States consumer per day?
What
percent of oil can be recovered from a newly discovered oil hole?
By
what % is the demand for oil increasing annually?
How
much investments would be required increase oil production to meet future
demand?
What
is OPEC's influence on oil prices?
How
was oil formed?
What
is Peak Oil and when will oil peak?
Which
are the largest oil fields in the world? And how much oil reserves do they
have?
Which
are the largest oil producing countries?
How
is oil prospecting done? Oil prospecting techniques?
Why
is oil present in some regions of the world and not in other regions?
How
is oil extracted from the earth?
How
much does oil contribute to the economies of the major oil producing and
exporting countries?
How
has the price of oil changed over the years?
Who
is King Hubbert and why does everyone talk about him when peak oil is
mentioned?
Which
are the major oil companies in the world?
How
is oil produced from coal? What kind of oil is it?
What
are tar sands?
What
is heavy oil?
What
is oil shale?
How
does one determine how much oil reserves a country has?
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