It is an arabian country popular for its oil reserves
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Oil reserves in the GCC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE) are among the cheapest in the world to find, develop, and produce (with the exception of those in Oman). The IEA estimates total production costs in Saudi Arabia, Kuwait, and the UAE to vary between $3 and $5 per barrel of oil produced.
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