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As Aramco audits reserves, market wonders how much oil is left?

Published Sun, Mar 12, 2017 · 09:50 PM

Dubai

WHEN Saudi Aramco reveals a Western audit of its oil reserves, investors will be looking for two answers: How much oil and how much detail?

Saudi Energy Minister Khalid al-Falih has hinted at a surprise on the upside on reserve volumes ahead of Aramco's 2018 share listing, but industry sources say detail on individual deposits - which investors have long sought - will be thin.

Saudi Arabia's reserves of easily recoverable oil have long been the world's largest.

But there also have long been questions about the volume and quality of thos…

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