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  • Why is Saudi Arabia a leader in the oil & gas industry?
  • Saudi Arabia is known globally as a powerhouse in the oil and gas industry, boasting some of the largest proven reserves and advanced extraction technologies. The country’s oil and gas sector plays a pivotal role in shaping its economy, driving growth, and maintaining its position as a leader in the global energy market.
  • How does Saudi Arabia influence global oil prices?
  • Saudi Arabia’s oil and gas companies, especially Saudi Aramco, hold significant sway over global oil markets. The Kingdom’s strategic decisions regarding oil production levels can influence global prices, making it a central player in organizations like the Organization of the Petroleum Exporting Countries (OPEC).
  • Who is the chairman of Saudi petroleum company?
  • It has a market capitalization of $291 million which makes it the 7th biggest petroleum company in Saudi Arabia. The chairman of the company is Saud Abdul Aziz Al Gosaibi while Fahad Al Otaibi is the president of the company. For the latest updates, you can join our ✅ WhatsApp group or ☑️ Telegram Channel.
  • How does oil & gas affect Saudi economy?
  • The oil and gas sector has created millions of jobs for Saudis, ranging from engineers and geologists to skilled laborers in construction and maintenance. The industry not only employs a large portion of the workforce but also stimulates growth in related sectors, including manufacturing, construction, and logistics.
  • How'smart oil fields' are gaining traction in Saudi Arabia?
  • The concept of “smart oil fields” is gaining traction in Saudi Arabia. This involves the use of IoT (Internet of Things) sensors and devices to collect real-time data from oil fields, providing insights that can lead to more informed decision-making.
  • Who owns Yansab oil & gas?
  • Yansab is estimated to have an annual capacity of above 4 million MT or metric tons of various petrochemical products which makes it the 5th biggest company in the oil and gas sector in Saudi Arabia. Yansab has a market capitalization of $7.79 billion and 51% of its shares are owned by SABIC.