Iraq’s primary natural resource is petroleum, but the country also has an abundance of natural gas, phosphates and sulfur. As of 2014, Iraqi officials report that the country’s petroleum reserves represent 115 billion barrels, but some analysts suspect that an additional 200 billion barrels of oil await discovery. Iraq has the second most abundant petroleum reserves in the world, trailing only Saudi Arabia.Know More
A small number of oil fields are located in central and eastern Iraq, but the majority of the country’s reserves are in the northern and southern ends of the nation. The northern oil-rich region is called Kirkuk, while the southern oil fields make up the region known as Rumaylah. As of 2014, the total value of Iraq’s petroleum exports is approximately 89.4 billion dollars.
Aside from petroleum, most of Iraq’s economy is based around agriculture. Nevertheless, only about 12 percent of Iraq’s land area is used for farming, as of 2014. Farmers use irrigation systems to keep their crops watered in the dry desert-like climate of the country. Some areas, especially those between the Tigris and Euphrates rivers, have richer soils and are very important agricultural regions. Iraq’s primary agricultural products are wheat, rice and barley. Additionally, Iraq produces a significant portion of the world’s dates.Learn more about Geography
New Zealand has a wealth of natural resources, including petroleum, minerals and clean water. While many of these resources are from the land, others are found in the waters that surround it. Oil is one of its major exports and provides many economic benefits for the country.Full Answer >
Some of the natural resources of Antarctica include its mineral deposits of iron ore, chromium, gold, copper, nickel, and platinum, marine wildlife and small reserves of coal and hydrocarbons. The majority of human activities in Antarctica are not for commercial or economic purposes, but are rather centered on scientific research and pursuits.Full Answer >
Israel's natural resources include crude oil, wood, copper, natural gas and minerals. Although Israel has these natural resources, they are mostly in small amounts that are not worth mining or otherwise attempting to extract, according to USA Today. Israel's highly exported natural resources include Dead Sea soil that is used in creating beauty products as well as minerals from the Dead Sea that are used in sedatives, medication and fertilizers.Full Answer >
Pakistan's natural resources range from natural gas reserves, vast land, coal, petroleum, copper, salt and iron ore among others. It has the second largest salt mines in the world, as well as world’s fifth largest gold mines. It is one of the largest producers of wheat in the world and is the seventh country in the world with nuclear power.Full Answer >