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Saudi Arabia Sees Its Oil Reserves Lasting Another 70 Years
Crude oil sale account for 75% of total export earnings of Saudi Arabia Drop in oil prices has hit Saudi Arabia's public finances Saudi Arabia is seeking funds to shore up public finances
12 Oct 2016, 08:52 AM IST 
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Saudi Arabia sees its crude reserves of 266.5 billion barrels lasting 70 more years.
Saudi Arabia, the biggest oil exporter, sees its crude reserves of 266.5 billion barrels lasting 70 more years and hasn't sought an independent consultant to review the figures, according to a bond prospectus seen by Bloomberg News.
The nation's wealth is based mainly on oil, with crude sales accounting for 75 percent of total export earnings, according to the prospectus. Saudi Arabia plans to sell at least $10 billion in bonds mat...
