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Answer :
The Arabian Peninsula is home to about 15 percent of the world's proven oil reserves. This means that out of the total amount of oil reserves in the world, approximately 15 percent are located in the Arabian Peninsula.
Oil reserves refer to the amount of oil that can be economically extracted from the ground using current technology. These reserves are estimated based on geological surveys and exploration activities.
The Arabian Peninsula is an important region for oil production and export, with countries such as Saudi Arabia, Kuwait, and the United Arab Emirates having significant oil reserves. These countries have heavily relied on oil as a major source of revenue and have played a crucial role in the global oil market.
To summarize, the Arabian Peninsula holds about 15 percent of the world's proven oil reserves, making it a significant contributor to global oil production and supply.
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