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Saudi Aramco, the state-owned oil company of Saudi Arabia and an organization of major significance in the petroleum industry, is based in Dhahran in Greater Dammam. It became the fifth company in the world to reach a market capitalization of $1 trillion ($1,000,000,000,000) on December 11, 2019.
Reported proven reserves for Saudi Arabia (blue) and Venezuela (red) The proven oil reserves in Saudi Arabia are reportedly the second largest in the world, estimated in 2017 to be 268 billion barrels (4.3×10^10 m 3) (Gbbl hereafter), including 2.5 Gbbl in the Saudi–Kuwaiti neutral zone.
Saudi Arabia persuaded OPEC to do the same. A few small players went bankrupt, but American frackers only shut down their less-profitable operations temporarily, and waited for oil prices to go up again. Saudi Arabia, which had been spending $100 billion a year to keep services and subsidies going, had to admit defeat in November 2016.
The Al ash-Sheikh are the descendants of Muhammad ibn Abd al-Wahhab, the 18th century founder of the Wahhabi form of Sunni Islam which is today dominant in Saudi Arabia. [55] The family is second in prestige only to the Al Saud (the royal family) [ 56 ] with whom they formed a "mutual support pact" [ 57 ] and power-sharing arrangement nearly ...
The Subdivisions of Saudi Arabia, officially the Organization of the Kingdom of Saudi Arabia, as provided by the Regions' System, issued on 27 Sha'baan 1412 AH (civil calendar: 28 February 1992) by Royal Order A/92, amended by Royal Order No. A/21 on 30 Rabi' al-Awal 1414 AH, divided the Kingdom of Saudi Arabia into 13 emirates (provinces ...
On 3 September 1992, Sadiq 'Abdul-Karim Malallah was publicly beheaded in Al-Qatif in Saudi Arabia's Eastern Province after being convicted of apostasy and blasphemy. Sadiq Malallah, a Shi'a Muslim from Saudi Arabia, was arrested in April 1988 and charged with throwing stones at a police patrol.
Saudi Arabia, officially the Kingdom of Saudi Arabia, is the largest Arab country of the Middle East. It is bordered by Jordan and Iraq on the north and northeast, Kuwait , Qatar , Bahrain and the United Arab Emirates on the east, Oman on the southeast, and Yemen on the south.
Saudi Arabia's Köppen climate classification map. The climate of Saudi Arabia is marked by high temperatures during the day and low temperatures at night. The country follows the pattern of the desert climate , with the exception of the southwest, which features a subtropical highland climate and a semi-desert climate .
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