Middle East Economic Survey

VOL. XLVIII

No 15

11-April-2005

SAUDI ARABIA

Saudi Arabia May Add Further 200Bn Barrels To Oil Reserves, Says Naimi

Saudi Arabia may manage to add 200bn barrels of oil reserves to its existing 261bn barrels, Oil Minister Ali Naimi said on 5 April. There is a possibility that the kingdom will increase its reserves by around 200bn barrels, either through new finds or by increasing what it produces from existing fields, Mr Naimi said, according to the Saudi Press Agency...