By Olesya Astakhova MOSCOW, **v 18 (Reuters) - State oil giant Saudi Aramco expects to have 900 billion barrels of oil resources by 2025, up from the current 790 billion barrels, a company executive said on Tuesday. Current recoverable crude oil and condensate reserves stand at around 260.2 billion barrels. "Demand for hydrocarbons will rise despite things happening with oil prices," Jamal AlKhonaifer, development director at Saudi Aramco, told an industry conference in Moscow. He said 395 billion barrels within the 790 billion barrels figure are probable and possible contingent resources. ...
11-18-2014, 11:31 PM
Saudi Aramco's oil resources to grow to 900 bln barrels by 2025
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