Saudi Arabia: History
Oil is discovered in Saudi Arabia and production begins under the United States-controlled Aramco (Arabian American Oil Company).
Saudi Arabia becomes a founding member of OPEC (Organization of Petroleum Exporting Countries).
Saudi Arabia leads an oil boycott against Western countries that supported Israel in the October War.
Saudi Arabia cuts diplomatic ties with Egypt after Egypt makes peace with Israel.
Saudi Arabia takes full control of Aramco from the United States.
Saudi Arabia becomes a founding member of the Gulf Cooperation Council.
Diplomatic relations with Egypt are reinstated.
The first ever nationwide municipal elections take place.
Saudi Arabia and Qatar agree on a final delineation of a shared border.
Saudi Arabia purchases $60 billion of weapons from the United States.