Verified Answer :

taskmasters

"Oil drilling and production" is the one among the following that is the primary foundation of the economy of the Arabian Peninsula. The correct option among all the options that are given in the question is the second option or option "b". I hope the answer has come to your great help.

Answer:

b. oil drilling and production

Explanation:

  • Most of the Arabian economy is concentrated on the export of oil and natural gas as the country has lots of reserves of oil and drilling processes that are abundant in this region.
  • Most of the time the Arabian peninsula has used this resource for direct political favors and has thus dominated the oil markets of the world.
  • Saudi Arabia has 22.4 %, Iraq has 12.2%, Iran 123.1%, UAE 8.2% of reserves in the world.