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Page added on April 12, 2005

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Bank says Saudi’s top field in decline – Adam Porter

Speculation over the actual size of Saudi Arabia’s oil reserves is reaching fever pitch as a major bank says the kingdom’s – and the world’s – biggest field, Gharwar, is in irreversible decline.

The Bank of Montreal’s analyst Don Coxe, working from their Chicago office, is the first mainstream number-cruncher to say that Gharwar’s days are fated.
aljazeera.net



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