Economy
Dhahran is headquarters of Saudi Aramco, the national oil company, which is considered by many measures to be the largest oil company in the world. It has the largest oil reserves in the world, the largest oil production per day of any country or company in the world and is also the largest oil exporter in the world.
Established in 1937, Dhahran is still Saudi Aramco's worldwide headquarters and the center of the company's finance, exploration, engineering, drilling services, medical services, materials supply and other company organisations. Saudi Aramco is the only oil company with operations in Dhahran, and everyone who lives in the compound is either employed by the company or the dependent of an employee.
Read more about this topic: Saudi Aramco Residential Camp In Dhahran
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)