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for government . to let each person take advantage of it not monopoly by companies or people .

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13y ago

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When did oil production began in Saudi Arabia?

Oil production began in saudi arabia in 1938.


What does Canada import from Saudi Arabia?

Canada and most countries import oil and/or petroleum from Saudi Arabia Saudi Arabia has the largest amount of oil in the world


Where is the largest stock of oil Saudi Arabia or Chilli?

Of course Saudi Arabia ...


What country has the most oil?

Saudi Arabia has the largest oil reserves in the world.


Why is Saudi Arabia producing so much oil?

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.


What is the name of Saudi Arabia's national oil company?

The name of Saudi Arabia's national oil company is Aramco.


Is it true that saudi arabia is the top oil producer?

Russia is the top oil producer. Saudi Arabia is the second.


What is significant about Saudi Arabia's economy?

Saudi Arabia has the most oil reserves in the world


What are Saudi Arabia's natural resorses?

Saudi Arabia has the world's largest oil reserves.


Which country is the most influential member of OPEC?

Saudi Arabia is considered the most influential member of OPEC due to its large oil reserves, production capacity, and role in influencing global oil prices.


Why would Saudi Arabia's oil exports be declining faster than its production of oil?

because saudi arabia has the most oil and the best oil


Where does Saudi Arabia export petroleum to?

Saudi Arabia exports gas to the international market from which every country buys its needs from oil. So, Saudi Arabia does not exports oil to a specific country.