Major Natural Resources

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Presentation transcript:

Major Natural Resources North Africa and Southwest Asia

Natural Resources Phosphates Petroleum and Natural Gas Used in the manufacture of fertilizer Brings wealth to the region because of the world’s dependency on it Over half of the world’s known oil reserves are found in this region

Impact of Petroleum (oil) Positive Impact Negative Impact Organization of Petroleum Exporting Countries (OPEC) -- An organization formed in 1961 by several Gulf States. Its primary mission is to stabilize petroleum prices around the world. Oil supplies a large portion of the economy of the region. Uneven distribution of petroleum deposits has created a gap of wealth and power in the Middle East.

Why does OPEC and the prices/control of oil relate to you?