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Saudi Arabia's growing petroleum wealth has also wrought irreversible domestic changes educational and social as well as economic.
The middle class has developed largely in relation to the country's petroleum wealth and recent European immigration.
Without an oil law to split petroleum wealth, these agreements are worsening an already poisonous ethnic divide between Kurds and Arabs, officials in Baghdad say.
Another is to manage a government plan to hand 10 percent of petroleum wealth to communities in the oil-rich delta, her home region, to appease the militants.
To the east, along the Persian Gulf, are the country's abundant oil fields that, since the 1960s, have made Saudi Arabia synonymous with petroleum wealth.
He weighed the benefits against the social costs of momentous events, like the industrial revolution or the sudden discovery of petroleum wealth under the North Sea.
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Mr Pires says that the uncertainty about the maritime boundary makes it hard to plan for the long term or to attract investment.Despite its growing oil wealth (its petroleum fund already contains $13 billion) Timor-Leste remains one of Asia's poorest countries.
Ecuador relies on petroleum for more than half its export earnings, and Correa has used this oil wealth to make public education and healthcare more accessible and lay thousands of miles of highways.
And like Chávez, the Rousseff government may assume a nationalistic energy policy by redistributing oil wealth to the neediest: under a new law, Rousseff has decreed that petroleum revenue will be directed toward health and education programs.
Nigerians were told that government deregulation of the petroleum industry would free up funds for other uses, an incongruous message in a nation where only the élite profits from the oil wealth.
No province benefited more than Alberta, where escalating world petroleum prices brought wealth previously unimaginable and a tremendous land and construction boom along with runaway inflation in Edmonton and Calgary.
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