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Saudization ( Arabic: السعودة ), [1] officially the Saudi nationalization scheme and also known as Nitaqat ( Arabic: النطاقات ), is a policy that is implemented in the Kingdom of Saudi Arabia by the Ministry of Labor and Social Development, which requires companies and enterprises to fill their workforce with Saudi nationals up ...
On 8 March 2020, Saudi Arabia announced unexpected price discounts of $8 to $6 per barrel to customers in Europe, Asia, and the United States. The announcement triggered a free fall in oil prices and other consequences that day, with brent crude falling by 30%, the largest drop since the Gulf War.
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.
30 by 30 (or 30x30) is a worldwide initiative for governments to designate 30% of Earth's land and ocean area as protected areas by 2030. [1] [2] The target was proposed by a 2019 article in Science Advances , "A Global Deal for Nature: Guiding principles, milestones, and targets", highlighting the need for expanded nature conservation efforts ...
Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. In 2013, its crude oil production total was 3.4 billion barrels (540 million cubic metres), and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves.
Cornish said the concept is plain and simple: "It is the probability that at least 0.01 of an inch of precipitation will fall on your rooftop if you live in the forecast area. That's about enough ...
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