Special report
The process of discovering oil in the Kingdom of Saudi Arabia evolved to take several stages, as the Kingdom granted the concession to explore for oil to the General Eastern Syndicate in 1923, and this concession ended in 1928 as a result of not taking any steps Positive in this regard.
In mid-1933, Saudi Arabia signed a concession agreement for petrochemical exploration with Standard Oil of California (American), to complete the survey of the Dome of Dammam, the site of the discovery of the first oil right in the Kingdom.
In 1935 the first test well was drilled in Dhahran at the Dammam Dome, but the results did not achieve the aspired aspirations and aspirations, but evidence indicated the presence of oil and gas.
After five years of unproductive drilling, it seemed that Dammam No. 7 well was just another dead end, but in early March 1938 the well started the first production pumping operations at 1585 barrels per Today it is approximately 1.5 kilometers deep.
Proud of this well, King Abdullah bin Abdulaziz Al Saud issued an order to change the name of Dammam Well No. 7 to Bir Al-Khair. After 45 years, the well was halted for operational reasons.
From 1938 until today, Saudi oil was launched to feed the various parts of the world, making Saudi Arabia the first country in the world to produce oil, and the most possessing oil reserves.
Saudi Aramco is the largest company at the forefront of the petroleum industries in the world, and the company manages huge reserves close to 300 billion barrels of oil, and about 290 trillion standard cubic feet of gas. p>
Saudi Arabia is one of the five founding countries of the Organization of Petroleum Exporting Countries (OPEC), in the month of September 1960. The Kingdom is also the main nucleus for the establishment of the Organization of Arab Petroleum Exporting Countries (OPEC), which was established In January 1968.
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