Middle East countries' dependence on oil

One of the things that will change in the future is the decrease in crude oil production, it does not mean that there will be a shortage of crude oil in the world, it means that India, China, Japan, Pakistan, Bangladesh, Sri Lanka are many such countries decreases their dependency on crude oil in the coming future. Where crude oil is not produced in abundance, this is why the economy in these countries is divided into many parts, which we also call sectors, I will give you an example of sectors like pharmaceutical sector, automobile sector, agriculture sector and many more. Others and in which the economy is divided, it has a lot of benefits because whenever a pandemic like a coronavirus spreads in the world, it affects the economy of any country the most and if a country depends on different sectors in its economy. 

If it remains, there are very few chances of damage to the economy of that country, If we talk about the Gulf countries, which we also call as Middle-East countries, then 70 or 80% of the economy depends on crude oil only, due to the export of crude oil, most countries in the world depend on these Middle East countries. It is only on crude oil imported from India, and Middle East countries also earn a lot of money by exporting oil, but can it last forever?

You can think that this cannot be done. We will have the option of crude oil in the future, what will be the situation of these countries at that time if we discuss the present conditions, then during the compassion period, the most impact will be on the countries of Middle East,  Happened because they had crude oil for export but no country was ready to buy it because the coronavirus infection had reached its peak, and the citizens of those countries were locked in their house by the instructions given by the government Were following this and because of this, the price of crude oil kept falling every day, you can understand how bad it will affect the economy of any country, which countries were not dependent on crude oil in some way to save their economy. Succeeded and depended on which many countries of the Middle East like Oman, Saudi Arabia, Kuwait, Qatar, Bahrain and the United Arab Emirates still have more dependence on these countries than crude oil, 

Due to the lack of water source, these countries mostly depend on oil! You can also understand the future because the future will also bring changes in technology and the use of crude oil will also decrease, and countries that have been earning significant profits because of crude oil are in danger for them. The bell is there, think for yourself that nothing is more valuable in the Middle East than crude oil so that these countries can run their own economy, in future, there will also be a race to loot the natural resources in the Middle East, which will gradually end The cost of those natural resources will also go up!

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