Saudi Arabia's Rumma Valley reserves: 400 billion barrels of oil

[The SC]

Discovery of the world's richest oil region in Saudi Arabia

A geological study revealed a geographical spot in Saudi Arabia that is the richest in the world with oil wealth; The spot between Wadi al-Sahba and Wadi al-Ruma, south of al-Batha border crossing is the richest in the world..

It extends 1200 kilometers from the Khyber freeway to the city of Zubayr at the northern end of the Arabian Gulf
And south of Wadi Al-Sahaba, which flows into valleys in the middle of the Arabian Peninsula
It is heading east towards the north of the Empty Quarter and south of the Arabian Gulf

This spot is the richest in the world with natural resources, between oil and gas

It includes Ghawar, the world's largest oilfield on land

And the Burgan oil field in Kuwait, the second largest oil field on land

And the Safaniya oil field in Saudi Arabia, the largest oil field in the world

Experts estimate the region's oil reserves to be about 440 billion barrels
A huge amount located in a narrow geographical area of the world

Wadi Rumah was in the distant past a great river flowing in the Shatt al-Arab with the Tigris and Euphrates rivers before the climate change of the Arabian Peninsula to what it is today of drought and lack of rainfall. (but there has been some rainfalls lately!)

The study was conducted by Prof. Dr. Abdulaziz bin Laboun
A former oil adviser at Aramco and professor of geology at King Saud University

Note: 440 billion barrels of Oil is the equivalent of $10 trillion at $25 per barrel.. the current Oil price per barrel is 3X this estimate..

 

[Ahmad Bhutta]

Omg what u gona do with so much money :/ i.envy u

 

[hussain0216]

Out of interests are these untapped reserve's or you already have oil wells there

 

[Test7]

@Ahmad Bhutta Petroleum has a maximum life of 10 years. Do not envy Future is in technology

 

[Ahmad Bhutta]

Out of interests are these untapped reserve's or you already have oil wells there

Untapped well unproven too

@Ahmad Bhutta Petroleum has a maximum life of 10 years. Do not envy Future is in technology

I dont think so , ur planes and industries would always be run on petroleum and even for electricity u would need fossil fuel

 

[Test7]

Petroleum is mostly used for motor vehicles and most european countries ban gasoline vehicles in 5-10 years. Yes, gasoline will be used for airplanes but not enough to save the arabian economy. Arabia is aware of it and cares about tourism.

 

[Full Moon]

Petroleum is mostly used for motor vehicles and most european countries ban gasoline vehicles in 5-10 years. Yes, gasoline will be used for airplanes but not enough to save the arabian economy. Arabia is aware of it and cares about tourism.

Well, a very good point indeed and relying on oil is a terrible idea. However, saying that gasoline cars will disappear from EU within 5-10 years is just some political statements that politicians say to please certain groups. They will end up banning gasoline cars in few streets or small zones to appear like "green" folks. Otherwise, there is not enough non gasoline car manufacturers that can meet the EU demand in say 5-7 years from now.

 

[Saif al-Arab]

KSA is quite possibly the richest country in the world when it comes to resources (hydrocarbons, minerals etc.) in the world if you take size into consideration. Even though KSA is the 12th largest country in the world, the likes of the US, Canada and Russia (which are richer in terms of resources overall) are many times bigger. The US and Canada are 4 times bigger for instance while Russia is 6.5 times larger (approximately).

Well, a very good point indeed and relying on oil is a terrible idea. However, saying that gasoline cars will disappear from EU within 5-10 years is just some political statements that politicians say to please certain groups. They will end up banning gasoline cars in few streets or small zones to appear like "green" folks. Otherwise, there is not enough non gasoline car manufacturers that can meet the EU demand in say 5-7 years from now.

Oil and the petroleum industry as a whole has many branches other than just gasoline.

https://www.eia.gov/energyexplained/index.php?page=oil_use

https://www.eia.gov/tools/faqs/faq.php?id=41&t=6

EU albeit the most wealthy market in the world alongside the US, only represent a tiny portion of the total world population. Oil will remain relevant for decades to come (by then I expect KSA to look at oil as an additional income source and not the main one - Dutch disease says hello) due to the population boom in the world. Vast majority of people live in underdeveloped countries and that will remain the case for decades to come. They will continue to use mainly gasoline.

In other news;

https://twitter.com/x/status/959792173402206209

https://defence.pk/pdf/threads/ksa-...-coast-aramco-pioneers-new-tech.542530/page-3

 

[The SC]

The most important and lucrative is not OIL per se.. when compared to its derivatives. Where one Barrel of oil equivalent in derivatives sells for $300+.. Oil itself has no limits to its use.. Anyone can google the recent Oil refineries being build around the world.. with an average cost of around $40 billion each.. plus future projects too.. these are concrete signs that Oil will be used for at least another century if not much more.. and when it ends, there will always be its derivatives that enter in the production of everything one sees around in modern life.. so the prospects are enormous.. and Saudi Arabia has been blessed with natural resources.... it wants to diversify because an economy that counts only on raw materials export _Oil in this instance_ will never be an advanced economy that needs diversification of revenues.. Africa is the best example of nations with tremendous natural resources wealth being exported raw..Venezuela is another example now a days..

 

[Saif al-Arab]

BTW my general view is that oil, gas, natural resources in general, should have been looked at as a source of advancing the societies in the Arab world at a quickly rate and as a fuel for further advancements on other fields, including other economic fields (diversification). Due to the famous Dutch disease many Arab (not only but resource rich countries in general) struggled with this, as well as due to other reasons that could not always be controlled by those same countries.

My hope is that by 2030, KSA and other Arab countries will look at oil, gas, mineral wealth etc. as an additional bonus and not something that is needed to have everything going as it is currently.

That is best done by transforming the systems in place (economic, social, religious, political, educational) which is an ongoing and so far promising experience in KSA and the wider GCC as a whole. Similar promising signs can be seen in other Arab countries.

The Arab world has been blessed with almost everything (expect for an abundance of fresh water and water resources in general). So I believe that citizens can rightly be disappointed by actions of past regimes who did not do enough to leave the bad cycle of the Dutch disease earlier.

But it is always easy to look at things in hindsight. Nor can we forget that the Arab world has been neglected tremendously for 500+ years and that we have been far, far, far behind (lightyears) our heights during the first 1000 years of Islamic history let alone millennia upon millennia of advancements (most successful region of the world on many key fronts back then) in the pre-Islamic era.

Yet, it could and SHOULD have been done better.

An impressive ancient history does not matter much in today's world. In fact it can be an hindrance in our part of the world as it leads to delusion often or some nonsense talk about "we were once great thus we will be great again" while forgetting that what made us great was not just talk or no hard work. Don't misunderstand me, I am a history buff myself and like to dwell into our great history but if there were as many success stories as there should have been (on a world scale), less time would be spent on that.

Case in point the world powers of today being the US, UK, France, Germany etc. The only exception is China and that is mostly due to an enormous population and not a great ancient history, otherwise China would not have been in the state it was in the past 200-300 years (far behind Western Europe).

Something as simple (in theory) such as developing a greater work rate could maybe solve half of the current problems. Imagine if the average Arab had the work rate of the average Japanese for a second? I am just saying.

Remember, the same Japan that just 160 years ago was one of the most isolated places on the planet and dominated by feudalism on every front. Now look at them today. Or South Korea (one of the poorest countries in the world pre-WW2).

Now compare that with the Arab and Muslim world as a whole and the picture is not pretty. Or as pretty as it could and SHOULD (IMO) be.

BTW I recommend watching this below;