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Saudi Arabia is one of the 25 largest economies in the world according to the World Bank's country ranking by Gross Domestic Product (GDP). It has more than a quarter of the world's proven oil reserves (reported at 264.2 Billion barrels by the Economist Intelligence Unit). EIU ranks the Kingdom fourth in the world in proven natural gas reserves, estimated at 6,900 billion cubic meters (bcm). The Kingdom is the world's largest oil producer, and in 2005 its oil sector comprised 47.8% of GDP.

The EIU estimated that Saudi Arabia had a GDP of US $ 347.4 billion in 2006, with real GDP growth rates averaging approximately 5% over the previous 5 years. The Kingdom's revenue from oil grew from 231 billion Saudi Riyals in 2003 to an estimated (EIU estimate) S R 592 billion in 2006 ($1 = 3.75 SR).

The almost immeasurable opportunities offered by the vast oil and gas reserves are yet to be fully explored and developed, and investment in the industry is continuing unabated. Saudi Aramco has announced plans to increase its natural gas activities. Its aim is to increase natural gas reserves by 1,400 bcm over the next 10 years.

Saudi Arabia's oil minister recently announced a major petrochemical industry program to start a $70 billion investment to increase petrochemical output from 60 million tons per annum to 100 million tons by 2015, and the types of petrochemicals produced to double.

SG Petroleum is well placed to optimize the opportunities arising from the ongoing development of the industry in this oil-rich country. Its subsidiaries, joint ventures and partnerships, with both local and international specialists in the field, allow it to provide the full range of professional and support services in this demanding industry.