Distinctive Oil Fields Present in Saudi Arabia
Saudi Arabia is known to be the first Islamic country that consists of numerous oil reserves. The respective country supplies these reserves to different countries and earns a huge profit. The Saudi Arabian oil company, Saudi Aramco, is a government-owned enterprise. In addition to being close to a wide variety of petroleum products ranging in sweetness from moderate to intense sour, it receives no government funding. The company also has low research costs and is relatively undeveloped compared to other companies. Their profits are recorded at the end of the whole business rather than at each individual element in the supply chain since they control the transportation, production, and refining processes themselves. The land underlying the oil and gas deposits does not compete with other industries, therefore employment and operational costs inside the Kingdom are minimal. Instances of Notable Oil Fields Several oil deposits are located in Saudi Arabia, as previously men...
