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Friday, 10 March 2017

Trillion-dollar question looms as Aramco audits oil reserves | Reuters

Trillion-dollar question looms as Aramco audits oil reserves | Reuters:

"When Saudi Aramco [IPO-ARMO.SE] reveals a Western audit of its oil reserves, investors will be looking for two answers: How much oil and how much detail? Saudi Energy Minister Khalid al-Falih has hinted at a surprise on the upside on reserve volumes ahead of Aramco's 2018 share listing, but industry sources say detail on individual deposits – which investors have long sought - will be thin. Saudi Arabia's reserves of easily recoverable oil have long been the world's largest."



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