NO. 41


Saudi Arabia

Nazer Puts Saudi Aramco Proven Oil Reserves At 260Bn Barrels

The Saudi Minister of Petroleum and Mineral Resources, Mr. Hisham Nazer, announced last week that Saudi Aramco's proven crude oil reserves had increased to 260bn barrels and its proven gas reserves to 182 trillion cu. ft. In a statement to the Saudi Press Agency on 4 July, Mr. Nazer (who did not specify when the increase occurred) emphasized that every year Saudi Arabia adds...