Middle East Economic Survey


No 43


Naimi Dismisses Notion Of End Of Easy Oil For Saudi Arabia

Saudi Arabia is by no means close to exhausting the development of available easy oil reserves, Saudi Minister of Oil Ali Naimi asserted on 18 October. Rafiq Latta reports from Riyadh.

Pointing to remaining proven reserves of 88bn barrels at the giant Ghawar field, Mr Naimi dismissed the notion that the decision to develop a 900,000 b/d heavy oil project at the offshore Manifa...