1. OPEC
... a few years and then a decade later the percentage grew even greater to 25%. These numbers and an abundance of the natural resource caused the Middle Eastern countries involved to grow somewhat wealthy in a short amount of time. And, by 1970, the countries of this region were producing nearly 50% of ... 200 million. Kuwait was not an exception to the success of the oil industry in the Middle East. The county went from 3 million in 1949 to 60 million in 1952. Although the Middle Eastern region gained international recognition for their production and distribution of oil, they were not rec...
- Word Count: 1845
- Approx Pages: 7
- Grade Level: High School