Saudi Arabia set to reveal depth of oil reserves

Saudi Arabia set to reveal depth of oil reserves:
"Saudi Arabia is preparing to lift the lid on one of the global energy industry’s most closely guarded secrets as it prepares to sell shares in Saudi Aramco — how much crude lies beneath the desert kingdom’s sands.

“This is going to be the most transparent national oil company listing of all time,” Khalid al-Falih, Saudi Arabia’s energy minister, told the Financial Times in an interview.

Ever since the kingdom completed the nationalisation of the formerly US-controlled Saudi Aramco in the 1980s, the size of proven reserves of the world’s largest oil exporter have remained consistently around the 260bn barrels mark, according to officials."

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