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Ghawar field decline fuels renewed interest in the state of Saudi oil reserves

Saudi Arabian Oil Company’s decision to tap the international debt capital market has forced it to open its books again, this time in the form of a 469-page bond prospectus released on 1 April. For a company whose well-earned reputation for opaqueness borders on secrecy, the document provides rich pickings for those seeking greater clarity on the state of the world’s largest national oil company’s oil and gas reserves and production. Some of the revelations confound long-standing consensus views about the kingdom’s oilfields.

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African Energy Gulf States Newsletter