Debunking the Saudi claims is serious business…

So let me begin by explaining what the Saudi Minister is talking about, since it is not really evident from what he said. As Aramco first began developing the Saudi oilfields it found, back in around 1957, an oilfield at Manifa. In the map we posted on June 2nd it is the one marked in black. And the reason that it is marked in black is that, although the Oil Ministry list it as one of the sources of the oil that will allow them to reach 11 mbd (also in that entry), the very significant 1 mbd that could come from that field is not currently refinable.

Were the world to develop a place to refine this oil (which would take several years), the Saudi Arabian Oil Ministry could almost immediately start pumping it, since the field is developed. But there isn