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<text id=93CT0654>
<title>
Indian Ocean--Economy
</title>
<article><source>CIA Factbook</source><hdr>The World Factbook 1993: Indian Ocean
Economy</hdr><body>
<p>Overview: The Indian Ocean provides major sea routes connecting the
Middle East, Africa, and East Asia with Europe and the Americas. It
carries a particularly heavy traffic of petroleum and petroleum
products from the oil fields of the Persian Gulf and Indonesia. Its
fish are of great and growing importance to the bordering countries
for domestic consumption and export. Fishing fleets from Russia,
Japan, Korea, and Taiwan also exploit the Indian Ocean, mainly for
shrimp and tuna. Large reserves of hydrocarbons are being tapped in
the offshore areas of Saudi Arabia, Iran, India, and Western
Australia. An estimated 40% of the world's offshore oil production
comes from the Indian Ocean. Beach sands rich in heavy minerals and
offshore placer deposits are actively exploited by bordering
countries, particularly India, South Africa, Indonesia, Sri Lanka,
and Thailand.
</p>
<p>Industries: based on exploitation of natural resources,
particularly marine life, minerals, oil and gas production, fishing,
sand and gravel aggregates, placer deposits
</p></body></article></text>