Aramco to add 160bn barrels to oil reserves

Updated 11 January 2014
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Aramco to add 160bn barrels to oil reserves

Saudi Aramco plans to add 20 percent or 160 billion barrels to the Kingdom's oil reserves, said Khalid Al-Falih, president and chief executive officer of the company.
“This figure is more than the combined current reserves of the United States, Russia, China, the UK and Brazil,” the Aramco chief said during an address in Dhahran.
He said Saudi Aramco would continue its efforts to find new oil and gas resources across the Kingdom. “Our research centers will play a big role in achieving this objective,” he said. “Our company aims to establish export-oriented integrated industries apart from oil and gas, which is considered the backbone of the Saudi economy.” he added.
“We also want to discover large additional resources of oil and gas from both conventional and unconventional sources. We want to image 15,000 feet deep into reservoirs with a seismic resolution of five feet. We want to drill 50 percent faster than we do today, and cut costs along the way.”
Saudi Arabia has long been a major exporter of petroleum, Al-Falih said. “In the future, we want to see our nation also become a leading exporter of technological solutions, and a valued contributor to the global pool of knowledge and innovation.”


Thunder and dust storms expected to hit various regions of Saudi Arabia

Updated 19 April 2019
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Thunder and dust storms expected to hit various regions of Saudi Arabia

RIYADH: Thunder and dust storms are expected to affect the Riyadh region from the early hours of Friday till 9 p.m.
Areas affected will include Riyadh, Al-Kharj, Rumah, Al-Muzahimiya, Hawtat Bani Tamim, Huraymila, Al-Aflaj, and surrounding areas.
Dust and thunderstorms are also expected in the Kingdom’s Eastern Province.
Saudi Arabia’s General Authority of Meteorology and Environmenal Protection also said that dust storms will limit visibility in the Kingdom’s northern and western regions.