Economy, asked by chandanapal230, 4 hours ago

Explain the significance of petroleum in a country's economy.

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Answered by jgjgjgxjgxgjxu
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Answer:

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Answered by LakshmunNaidu
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Answer:

Oil: lifeblood of the industrialised nations Oil has become the world's most important source of energy since the mid-1950s. Its products underpin modern society, mainly supplying energy to power industry, heat homes and provide fuel for vehicles and aeroplanes to carry goods and people all over the world.

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