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Indian Ocean
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
oilfields 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.
based on exploitation of natural resources, particularly fish, minerals, oil
and gas, fishing, sand and gravel
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