The desert kingdom has the world's biggest oil production facilities and the biggest oil reserves.
Although the Saudis are viewed as extremely reliable oil producers, since the country began nationalizing its oil industry in the 1970s access for Western firms to this vast resource has been increasingly limited. Today Saudi Aramco, the state oil firm previously controlled by Chevron, Texaco, Exxon and Mobil, pumps the overwhelming majority of the country's oil.
As Saudi Aramco is generally seen as one of the most sophisticated oil companies in the world, there is little hope Western firms will ever again be let in on the Saudi oil bonanza.
|
|
|
|
| |
© 2008 Cable News Network. A Time Warner Company. All Rights Reserved.
Terms under which this service is provided to you. Privacy Policy
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
| Copyright © 2008 BigCharts.com Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. All Times are ET. Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use. Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data. Fundamental data provided by Hemscott. SEC Filings data provided by Edgar Online Inc.. Earnings data provided by FactSet CallStreet, LLC. |
