Saudi Arabia to announce slight rise in oil, gas reserves after audit

Saudi Arabia’s reserves of easily recoverable oil have long been the world’s largest. (Shutterstock)
Updated 09 January 2019
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Saudi Arabia to announce slight rise in oil, gas reserves after audit

  • Saudi Arabia’s reserves of easily recoverable oil have long been the world’s largest
  • Saudi Energy Minister Khalid Al-Falih is due to hold a news conference in Riyadh on Wednesday to make the announcement at around 11.30 local time

RIYADH: Saudi Arabia is expected to announce a slight rise in its crude oil and gas reserves after being independently audited on Wednesday, according to a source familiar with the matter.
Saudi Arabia’s reserves of easily recoverable oil have long been the world’s largest.
For nearly 30 years — despite rising production, large swings in oil prices and improved technology — Riyadh has annually reported the same number for reserves at around 261 billion barrels, according to a statistical review by BP.
Saudi Energy Minister Khalid Al-Falih is due to hold a news conference in Riyadh on Wednesday to make the announcement at around 11.30 local time (0830 GMT).
He is also expected to provide further updates on the country’s energy strategy.


Australia police make arrest in Israeli student murder case

Updated 4 min 43 sec ago
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Australia police make arrest in Israeli student murder case

SYDNEY: Australia police on Friday arrested a man in relation to the murder of Israeli student Aiia Maasarwe, some two days after her body was found in Melbourne.
The 21-year-old was killed on the way home from a comedy show in Melbourne just after midnight on Wednesday, with her body found in bushes near a tram stop by passers-by several hours later.
A 20-year-old man from the outer suburbs of Melbourne was arrested at 11.20am Friday, police said.
“Homicide Squad detectives have arrested a man as part of the ongoing investigation into the death of Aiia Maasarwe,” Victoria Police said in a statement.
“Police would like to thank the public for their assistance with the investigation.”
Police on Thursday said Maasarwe was killed in a late-night attack while she was speaking on the phone with her sister.
They described the murder as a “horrendous, horrific attack.”
Campaigners on Friday called for an end to the “epidemic of violence against women” ahead of a vigil in memory Maasarwe.
Several memorials are to be held on Friday, including one where mourners dressed in black will hold a silent vigil on the steps of the Victorian state parliament.
Another memorial plans to fill the 86 tram, which Maasarwe was believed to have ridden on her way home, with red roses that were reportedly her favorite flowers.
Some of the organizers were the same ones who organized a vigil for Eurydice Dixon, a 22-year-old local comedian who was killed in a Melbourne park last year as she was going home.
“We’re as angry as we were last time,” organizer Jessamy Gleeson told Melbourne’s Herald Sun on Friday, adding more needed to be done to keep women safe.
“We shouldn’t have these one-off vigils. There needs to be continued engagement and conversation about violence against women.”
Australia’s Prime Minister Scott Morrison took to Twitter on Friday, calling the crime “an incredibly shocking, despicable and tragic attack.”
“My heart goes out to Aiia’s family and friends and everyone whose life she touched.”