(i) The proceeds from petroleum mining have been used to develop social infrastructure/amenities.
(ii) Income from petroleum mining has led to development of towns.
(iii) Petroleum mining has led to creation of employment opportunities for local population, raising standards of living.
(iv) The revenue has enabled the Middle East countries' investments overseas to increase immensely.
(v) Petroleum is used as a raw material leading to the growth of petroleum related industries.
(vi) The countries earn foreign exchange which is used to develop other sectors of the economy.
maurice.mutuku answered the question on June 12, 2017 at 06:06
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