Third-party surveys show an increase in Saudi oil and gas reserves

Saudi Arabia’s Minister of Energy, Industry and Minerals, Falkh, announced in Riyadh on September 9 that third-party auditors had surveyed 268.5 billion barrels of Saudi oil reserves by the end of 2017, higher than previously published official data. In addition, the survey also found that Saudi Arabia has 325.1 trillion cubic feet of natural gas reserves, higher than the previous 307.9 trillion cubic feet.

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