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Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
Saudi Arabia: 2% (fully Saudi national owned businesses), 2-15% (taxed at Zakat rate for the Saudi percentage of ownership, 15% for all other ownership) 0% 15% Taxation in Saudi Arabia Senegal: 25% 0% 50% 20% Taxation in Senegal Serbia: 15%: 10% 25% (additional contributions for state health, pension and unemployment funds)
The economy of Saudi Arabia is the second-largest in the Middle East and the nineteenth-largest in the world. [6] The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
The Saudi reserves are about one-fifth of the world's total conventional oil reserves. A large fraction of these reserves comes from a small number of very large oil fields, and past production amounts to 40% of the stated reserves. Other sources state that Saudi Arabia has about 297.7 billion barrels. [5]
Climate of Saudi Arabia. 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 . Climate data for Haradh (1985-2010) Month. Jan. Feb.
As of 2012 petrol in Saudi Arabia was sold at a price cheaper than bottled water—approximately US$0.13 per litre ($0.50 per US gallon). According to Jim Krane, "Saudi Arabia now consumes more oil than Germany, an industrialized country with triple the population and an economy nearly five times as large."
This is a list of airports in Saudi Arabia, grouped by type and sorted by location. 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 ...
Saudi Arabia, the dominant producer in the OPEC oil cartel, was one of several members that agreed on a surprise cut of 1.6 million barrels per day in April. The kingdom’s share was 500,000 ...
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