SAUDI Arabia has shocked the world by revealing there marine oil and gas reserves are even bigger than previously reported.
By Kate Whitfield
The news comes after the Kingdom commissioned an outside assessment of its reserves. The independent audit not only showed the wealth of reserves held, but should help assuage scepticism over the Kingdom’s oil and gas wealth. It also shows national oil giant Saudi Aramco is taking strides towards transparency as it continues to consider a stock market debut.
Aramco’s natural gas reserves total 319.5 trillion cubic feet, according to the audit.
The company, which is not a major player in the gas market, previously reported 302.3 trillion cubic feet of gas reserves.
The company, which is not a major player in the gas market, previously reported 302.3 trillion cubic feet of gas reserves.
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