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In a recent annual statistic report, BP raised oil reserve estimates for Saudi Arabia by 11% (30 billion barrels) to reach 297.7 billion barrels from 266.2 billion a year earlier. The new figure puts Saudi Arabia 6 billion barrels behind Venezuela which has the world’s largest oil reserve estimates. The estimation increase happened as Saudi Arabia separated the estimations of oil, gas and natural gas reporting.

BP Raises Estimates of Saudi Arabia’s Oil Reserves by 30 Billion Barrels

< 1 minute read

In a recent annual statistic report, BP raised oil reserve estimates for Saudi Arabia by 11% (30 billion barrels) to reach 297.7 billion barrels from 266.2 billion a year earlier. The new figure puts Saudi Arabia 6 billion barrels behind Venezuela which has the world’s largest oil reserve estimates.

The estimation increase happened as Saudi Arabia separated the estimations of oil, gas and natural gas reporting.

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