Middle East Economic Survey
VOL. XLVII
No 47
22-November-2004
SUPPLY/DEMAND
Mitchell Assesses UNFC Proposal On Oil Reserves Methodology
The recent furore over the booking of oil reserves by international oil companies in corporate accounts has once again highlighted the fact that oil reserve estimates are carried out according to widely different methodologies. Furthermore, while the US SEC requirements apply strict conditions on the reporting of proven reserves, governments of oil producing...
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