- 萝莉视频鈥檚 reserves of easily recoverable oil have long been the world鈥檚 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
RIYADH: 萝莉视频 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.
萝莉视频鈥檚 reserves of easily recoverable oil have long been the world鈥檚 largest.
For nearly 30 years 鈥� despite rising production, large swings in oil prices and improved technology 鈥� 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鈥檚 energy strategy.