Natural Resources in the Kingdom of Saudi Arabia consist of a huge variety of raw materials, including mineral resources, crude oil, gas and water resources. These materials offer an economic incentive for the Kingdom. The Kingdom's geological diversity contributes to its abundance of resources, ranking it second among the top ten countries for natural resource reserves, with a value of USD34.4 trillion. The Kingdom encompasses the world's second-largest oil reserves after Venezuela. ...

The Safaniya Oil Field , located about 260 km north of Dhahran City , in the Eastern Province , is the largest offshore oil field in terms of the reserves of traditional resources for the Kingdom of Saudi Arabia and the World. It contains a confirmed reserve of 34.03 billion bbl of oil equivalent. Most of the field is located within the waters of the Arabian Gulf. It stretches for about fifty km in length and fifteen km in width within the concession area. Saudi Aramco discovered the Safaniya O...