Saudi Arabia's oil minister said on Monday the age of easy oil was not over as the kingdom still holds at least 88 billion barrels of oil in its largest oilfield.
'I am sorry to disappoint people, easy oil is not over,' Ali Al-Naimi told reporters in Riyadh on the occasion of OPEC's 50th anniversary.
'How can you say that easy oil is over, when we still have over 88 billion (barrels) in the Ghawar field...You can dismiss that notion that easy oil in Saudi Arabia is gone,' he added."
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