Saudi Arabia is the largest oil exporting country
The global industrial movement and infrastructure in all countries of the world currently depend on fossil fuels represented by oil and its derivatives. Car engines, electrical stations, factories, and sewage networks operate using these types of fuels. Therefore, countries whose lands contain oil export large quantities daily to benefit from these types of fuels. Of the large financial returns in hard currency, Saudi Arabia is on the list of oil exporting countries for the year 2015, as more than seven million barrels per day emerge from its wells to other countries via sea tankers and pipelines.
Saudi Arabia and oil
Information about Saudi Arabia
The area of the Kingdom of Saudi Arabia is about two hundred million square kilometers, and it is bordered to the east by the United Arab Emirates, Bahrain, Qatar, and the Arabian Gulf, and Kuwait to the northeast, and to the north, Iraq and Jordan, and to the west, its largest coastal outlet overlooks the Red Sea, and to the south, Yemen and the Sultanate of Oman. From the south-eastern side, the Kingdom was founded in its current form by Abdulaziz Al Saud, who succeeded in unifying the lands of the Hijaz and Najd and their annexes into one entity. The Kingdom currently enjoys a very stable economic situation due to its oil production, as there are under its lands petroleum reserves that are the second largest in the world. And sixth in the level of natural gas. Saudi Arabia controls global oil prices through its influential power in OPEC, which includes oil-exporting countries.
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Saudi economic income was based on the resources coming from organizing Hajj and Umrah, and without that, there were simple agriculture and industries related to the environment, in addition to livestock breeding and trade, until King Abdulaziz gave the concession for oil exploration to an American company in 1933, after extensive research and exploration. For five years, the Dammam well began production on March 1938, XNUMX, becoming the first oil well in the Kingdom, which was called the Al-Khair Well.
During the Second World War, exploration and mapping work stopped due to poor capabilities, but after it ended, the Kingdom, through Saudi Aramco, completed the construction of the oil pipeline known as Tapline, which was considered the longest pipeline in the world, and linked the east of the Kingdom to the Mediterranean coast in Lebanon. Which contributed to shortening the cost and time of transporting oil to European countries. This line operated until 1983, and by 1950 the Kingdom was able to complete this line, and became the world’s first producer of oil industries. It also included the largest oil fields in the world, such as the Ghawar field and the Safaniyah field. .
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