Saudis Hope To Find 100 Billion New Barrels Of Oil

alifarabia | March 8, 2012 | Featured Saudi Arabia, Saudi Arabia | No Comments

Saudi Arabia is exploring for 100 billions of new barrels to retain its influence in world oil markets.

Saudi Arabia is exploring for nearly 100 billion barrels of new oil in existing fields and offshore in the Red Sea, according to an Associated Press report. READ MORE HERE

Related posts:

  1. Wikileak Cable That Quotes Ex-Aramco Executive Saying Saudis Overstate Oil Reserves Here is the leaked Wikileak cable that shows a former Aramco executive saying Saudi Arabia has over-estimated its oil reserves. Cable dated:2007-12-10 T05:54:00 C O N F I D E...
  2. Statistically Speaking: Impact of Oil at $100 on MidEast GDPs Oil prices are poised to hit the magical $100 per barrel once again and economists, analysts have taken out the proverbial calculators to see what it means for oil-based economies...
  3. Iraq Discloses Energy Export Revenues; Earned $41-Billion In 2009 Iraq has disclosed detailed information about the US$ 41 billion in revenue it received from oil and gas exports in 2009....
  4. Saudi breakeven oil price to hit $321, if spending pattern continues: analyst Forget Arab Spring. If Saudi Arabia's spending patterns and economic policies don't change, it could be staring at a breakeven oil price of an astonishing $320 a barrel by 2030,...
  5. 100 Largest Economies By 2050: HSBC January 15, 2012 A year after HSBC released its 2050 report which estimated that Egypt would surpass Saudi Arabia as the largest economy in the Middle East, the bank has...

Related Posts

About The Author

admin

Add a Comment

Your email address will not be published. Required fields are marked *