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Saudi Arabia (855 words) |
 | The Basic Law adopted in 1992 declared that Saudi Arabia is a monarchy ruled by the sons and grandsons of King Abd Al Aziz Al Saud, and that the Holy Qur'an is the constitution of the country, which is governed on the basis of Islamic law (Shari'a). |
| Saudi Arabia is first in the world to in proven reserves of petroleum (24% of the proved total), ranks as the largest exporter of petroleum, and plays a leading role in OPEC. |
| Saudi Arabia was a key player in the successful efforts of OPEC and other oil producing countries to raise the price of oil in 1999 to its highest level since the Gulf War by reducing production. |
| SAUDI ARABIA (2967 words) |
| It borders Jordan on the north, Iraq on the north and north-east, Kuwait, Qatar, Bahrain, and the United Arab Emirates on the east, Oman on the south and south-east, and Yemen on the south, with the Persian Gulf to its north-east and the Red Sea to its west. |
| The Basic Law adopted in 1992 declared that Saudi Arabia is a monarchy ruled by the sons and grandsons of the first king, Abd Al Aziz Al Saud, and that the Qur'an is the constitution of the country, which is governed on the basis of Islamic law (Shari'a). |
| Saudi Arabia claims to be in possession of 260.1 billion barrels of oil reserves as of 2003, about 24% of the world's proven total petroleum reserves. |
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