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Saudi Arabia is producing a lot of oil because it has large oil reserves.
Saudi Arabia has one of the largest oil reserves in the world, and producing enough oil to trade to other countries, mainly the US, is very profitable for Saudi Arabia.
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Which is not a major oil producing nation?
Saudi Arabia
What is producing oil?
Saudi Arabia, Russia and China, among others.
Top oil producing countries?
The top three oil producing countries are Saudi Arabia, Russia, and the United States
Who is a cartel of oil producing nation?
There are several Saudi Arabia and Iran are two.
What are three main oil producing middle eastern countries?
Iran, Iraq, Saudi Arabia (hopefully)
What small oil producing nation is a peninsula located on Saudi Arabia's border?
Bahrain
What is other oil-producing countries?
Saudi Arabia, Russia and China, among others.
What is the world's biggest oil producing company?
Saudi Aramco is world's largest oil corporation, based in Saudi Arabia. Aramco is acronym for Arabian American oil company.
How much money does saudia Arabia get per barrel of oil?
Saudi Arabia is a member of OPEC, which collectively determine oil prices for the oil producing countries in that region. As of 7 October 2014, the cost for a barrel of oil from OPEC was US $89.37.
What are the five major oil producing countries?
Russia, Saudi Arabia, United States, Iran, and China.
What are the three main oil producing middle eastern countries?
The three main oil producing Middle Eastern countries are Saudi Arabia, Iraq, and Iran. These countries have significant reserves and play a crucial role in the global oil market.
What does oil come from?
There are several countries that produce oil. Some of the oil producing countries are America, Saudi Arabia, Mexico, Canada, and Nigeria.
