Much of the world’s oil has been discovered in Saudi Arabia, and it now accounts for 92% of the country’s budget.
It began in the 1930s, when Standard Oil of California began breaking ground for oil in the country. Working with the Saudi government, SOCAL agreed to employ Saudi nationals within the country, “as far as practicable,” as the contract stated.
As American geologists began to also work on the site, the found their new life in Saudi Arabia was foreign to them in many ways. In response, the company, whose name was changed in the 1980s to Saudi Arabian read more >>>
Source : BusinessInsider.Com