The six countries in the Gulf Cooperation Council (GCC)hold about 45 percent of the world's known oil reserves,but their production amounts to only 18 percent of world oil output.

Question

Quizplus · Accepted Answer

The Gulf Cooperation Council (GCC) countries, which include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, indeed hold a significant portion of the world's known oil reserves, around 45%, but their combined oil production represents a smaller share of the global output, approximately 18%, due to various factors such as production quotas set by OPEC, efforts to diversify their economies, and investment in renewable energy sources.

The Six Countries in the Gulf Cooperation Council (GCC)hold About