Oil exporting countries: history and modernity

The oil-exporting countries appeared ineconomic history long enough. It is believed that oil products from the USA (well in Pennsylvania, discovered in 1859) and Russia (deposits on the Absheron Peninsula, the beginning of development in 1848) were supplied to the European market in the 80-90s of the 19th century.

From the history

The Baku minefields where thefavorable conditions for obtaining income, in 1875 came the Nobel brothers with large capitals. Oil pipelines, processing enterprises were built here. Tankers were created, which began exporting oil products to other states (1877).

oil exporting countries

It can not be said that the oil-exporting countries inthen they competed strongly with each other. Russian oil at that time was sold for 50% more than raw materials from America and Peru (Lima). In 1883, the market of the Russian Empire was completely closed from American oil products, while the Baku deposits began to play not only an economic but also a political role.

Start the fight

After the beginning of mass introduction of carsoil is becoming a very important raw material, for which for decades many wars have been going on in different parts of the world. This is due to the fact that large, powerful powers (the USA, Germany, France, Japan, China) do not have their own vast reserves. Therefore, the object of their military and political intrigues are oil-exporting countries with rich natural resources.countries of export of oil

The impact of production on the standard of living

The state of the latter often depends on their relationshipwith the USA. For example, Saudi Arabia, Kuwait, Qatar and the United Arab Emirates are flourishing, although only five decades ago, before the discovery of valuable resources, they were very backward states. The export of oil and gas (mainly to Japan and the USA) made it possible to create foci of "paradise on earth" in the arid climate of Saudi Arabia, and to raise the standard of living of the population. At the same time, in the structure of the budget of this country, revenues from sales of oil products are about 90%. In Angola, where there are oil reserves, there are very high rates of economic growth, while presentations on the right to develop large deposits are held in London and New York.

Unfavorable to the leading representatives of the Western world, oil exporting countries, on the contrary, are subject to economic sanctions, military incursions (Iran, Iraq, Venezuela).export of oil and gas

In addition to the above countries, exportersof oil are countries such as Algeria, Nigeria, Mexico, Canada, Norway, Russia and the United Kingdom. The latter does not have significant reserves of various minerals, but it was the discovery of large reserves of coal, and then of oil (on the North Sea shelf) that enabled England to form industrial regions among the first.

The oil exporting countries have differentstocks. It is believed that the largest of them are concentrated in Venezuela (about 21 percent), followed by Saudi Arabia (about 19 percent), Iran, Iraq, etc. The Russian Federation in this list is in seventh place with 5%, while the rate of natural resources testifies that in twenty years (and on the average on average through thirty five) storehouses of minerals can be essentially exhausted.

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