Proven oil reserves of OPEC go up to 1.02 trillion barrels in 2008

OIL is found in the minds of men, energy fraternity is often found boasting about. It continues to be the case

In the meantime, it is also a known that Saudi Aramco wants to improve its oil recovery rate to 70 percent from 50 percent over the next 20 years by focusing on enhanced oil recovery (EOR) techniques and other new technologies.

Aramco is endeavoring to expand its resources from 742 billion barrels to 900 billion barrels to address the world