The only country of the Arabian Peninsula that does NOT have large oil deposits is?

Answer 1

Yemen, it's the poorest country of Arabian Peninsula.

Answer 2

The Arabian Peninsula consists of only three countries.
Yeman, Oman, Saudi Arabia.

All have large oil deposits.

Answer 3

Jordan is a small country with limited natural resources. Just over 10%
of its land is arable, and even that is subject to the vagaries of a
limited water supply. Rainfall is low and highly variable, and much of
Jordan's available ground water is not renewable. Jordan's economic
resource base traditionally has centered on phosphates, potash, and
their fertilizer derivatives; overseas remittances; and foreign aid.
These are its principal sources of hard currency earnings. Lacking
forests, coal reserves, hydroelectric power, or commercially viable oil
deposits, Jordan relies on natural gas for 10% of its domestic energy
needs. For the other 90%, Jordan depends entirely on its oil-producing
neighbors. IT IS NOT YEMEN SEE ATTACHED:right future for Oil Search in Yemen
By Rod Myer
Energy writer
September 23, 2005
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Oil Search's move into Yemen in 2000 will turn a profit by year's end, and will be a significant earner in years to come.

Chief executive Peter Botten said the company had spent about $US10 million ($A13 million) exploring in Yemen and $US20-$US25 million developing the Qishn oil deposit, which has just gone into production. Returns from that production would allow Oil Search to repay development costs on its Yemeni operations within 12 months, Mr Botten said.

Qishn on current estimates will yield 50-70 million barrels of oil. But further proving work is under way and Mr Botten said he expected this to reveal a "substantial upside" in reserves, probably by the end of March.

Oil Search has bought into six oil exploration licences in Yemen, five of which are offshore and one onshore. Mr Botten said some intensive work was planned over the next three years, with Oil Search planning to spend $US60-$US70 million on exploration.

The Yemen experiment was the result of Oil Search's desire to spread its risks and balance its exposures in Papua New Guinea. The company, which is 17.6 per cent owned by the PNG Government, controls that country's total oil output, 11 million barrels last year, and has proven and probable reserves in PNG of 245 million barrels as well as 4.9 trillion cubic feet of gas.
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Oil Search's Yemeni reserves amount to 28 per cent of its PNG resource base already. By the first quarter of next year, when further proving work is completed, Yemeni reserves are likely to climb significantly.

The economics of Yemen and PNG differ markedly. Exploring in the deserts of the Middle East is significantly cheaper than in the highlands of PNG, where even heavy equipment at times has to be brought in by helicopter. As a result, drilling a well in Yemen costs $US3-$US4 million compared

Answer 4

Yemen?