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The desert kingdom has around 16% of the worldâs proven oil reserves and is the biggest global exporter of petroleum liquids. There is little doubt as to why its national oil company, Saudi Aramco, the biggest energy company in the world, generates over $1 billion in revenue every single day.
The Saudi Arabian Oil Company, also known as Saudi Aramco, is the world's largest oil company. In 2014, it produced 9.5 million barrels of oil per day, more than twice the production of the next biggest producer.