New answers tagged middle-east
It comes down to national management. The middle eastern oil producing countries had officials who decided to share some of the wealth derived from sealing all with the whole nation so that everyone in the nation benefited. In most of Africa the same level of management did not exist and still doesn't exist. Those in positions of power were, and are, more ...
Saudi Arabia, Kuwait, Bahrain, Oman, UAE, Qatar all have a very small population and high income from oil sales. Iraq, Iran and Algeria have a large population. Their per-capita income from oil sales is consequently much lower.
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