What primary natural resource, discovered at Dammam Well No. 7 ('Prosperity Well') in 1938, transformed the economy of Saudi Arabia?
Answer and explanation
Correct answer: B. Petroleum (crude oil)
- Step 1: Trace economic history: In March 1938, commercial quantities of crude oil were struck at the Dammam dome in the Eastern Province.
- Step 2: Well No. 7 proved the existence of massive hydrocarbon reserves, establishing Saudi Arabia as the world's leading petroleum exporter.
Answer
Petroleum (crude oil).
Why not the others: 'Natural gas hydrates' are deep marine deposits not commercially extracted; 'Phosphate' and 'Bauxite' were developed decades later by Ma'aden in northern Arabia.
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