RIYADH: Saudi Arabia is expected to announce a slight rise in its crude oil and gas reserves after being independently audited on Wednesday, according to a source familiar with the matter.
Saudi Arabia’s reserves of easily recoverable oil have long been the world’s largest.
For nearly 30 years — despite rising production, large swings in oil prices and improved technology — Riyadh has annually reported the same number for reserves at around 261 billion barrels, according to a statistical review by BP.
Saudi Energy Minister Khalid Al-Falih is due to hold a news conference in Riyadh on Wednesday to make the announcement at around 11.30 local time (0830 GMT).
He is also expected to provide further updates on the country’s energy strategy.
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Saudi Arabia to announce slight rise in oil, gas reserves after audit
Saudi Arabia to announce slight rise in oil, gas reserves after audit
- Saudi Arabia’s reserves of easily recoverable oil have long been the world’s largest
- Saudi Energy Minister Khalid Al-Falih is due to hold a news conference in Riyadh on Wednesday to make the announcement at around 11.30 local time
Qatar calls for free entry of aid to Gaza with Rafah reopening
- Rafah border crossing is located between Egypt and the Palestinian territory of Gaza
DOHA: Qatar on Monday urged the free entry of aid into Gaza and welcomed the partial reopening of the Rafah border crossing between Egypt and the Palestinian territory as a “step in the right direction.”
“Qatar affirms that the opening of the Rafah land border crossing in the southern Gaza Strip to the movement of Palestinians is a step in the right direction toward addressing the tragic situation of civilians,” the Gulf state’s foreign ministry said.
Qatar also “stressed the necessity for all parties to fully implement the ceasefire agreement in the Gaza Strip and to open the crossings to ensure the sustainable and unimpeded flow of humanitarian aid to the Strip.”
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