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MiddleEast Economies

social studies work

QuestionAnswer
what country built an economy based on advanced technology? Isreal
having oil reserves allow this country to invest in technology to allow them to produce goods needed Saudi Arabia
this country does not share in the oil/wealth money and has great oil wealth Iran
airlines, railroad, telephones, and tv is controlled by the goverment Turkey
what is the purpose of OPEC? to help members develope policies on oil production and trade that will benifit each other
what is the role of OPEC in the global oil market? to raise and lower the price of oil accordint to market demand, royalty, and other factors
yes or no. are all oil producing countries members of OPEC? no
yes or no. all of the OPEC members are in the middle east? no
who are the members of OPEC? Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela
OPEC means organization of potroliem exporting countries
the other 7 member countries are Indoneisa, Lybia, United Arab Emrates, Algeria, Nigeria, Ecuador, and Angola
Created by: Hannah6
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