Oil industry in Saudi Arabia

The oil industry in Saudi Arabia is a major sector that involves exploring, extracting, refining, and exporting petroleum. The country has some of the world's largest oil reserves, making it a leading global oil producer and exporter. The industry is vital to Saudi Arabia’s economy, providing significant government revenue and funding public services. State-controlled company Saudi Aramco is the world's biggest oil company, playing a central role in managing the nation's oil resources. While the industry has historically driven economic growth, Saudi Arabia is also working toward diversifying its economy to reduce dependence on oil.