Economy
Dhahran has the headquarters of Saudi Aramco. The company is the largest oil company in the world with the largest oil reserves in the world, and it produces about 10 million barrels of oil per day. Most of the oil is exported, since local Saudi needs require about 12 percent of the total production. (See: Saudi Aramco)
Seventy-seven years on, 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.
Read more about this topic: Dhahran
Famous quotes containing the word economy:
“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)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)