Saudi Arabia to up reserves: report

Saudi Arabia

RIYADH, January 9, 2019 – Saudi Arabia is expected to raise its oil and gas reserves estimates, international media reported on Wednesday.

The country’s energy minister Khalid Al Falih is to announce the results of a new independent audit later on Wednesday, Reuters reported, citing anonymous sources.

The news came also as Saudi Arabia planned to issue more than USD 500 million worth of bonds on Wednesday, the Wall Street Journal reported separately.