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Page added on May 8, 2005

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Saudis Have Oil for 140 Years, Says Aramco Chief in Brazil

“Whenever you explore your oil, you also find new reserves. And still we have many areas in Saudi Arabia that have not been fully explored. I think that the bottom line is that there is no shortage of oil in Saudi Arabia or in the world”, he stated.


According to the executive, in the next 25 years Saudi Arabia expects to reach reserves totaling 460 billion barrels, which could sustain production for another 140 years.
Brazzil Magazine



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