Saudi To Increase Gas Rerserves

Saudi Arabia awarded last year a gas bid to international oil and gas giant Royal Dutch/Shell Group, which would add at least 15 trillion cubic feet to Saudis gas reserves.
According to Shell's CEO in Saudi Arabia Floris Ansingh, this would amount to an increase of almost 6.7 percent.

Saudi Arabia, the world's biggest exporter of oil, had rejected the pricing of gas offered by the major companies and any involvement in the oil upstream, which is monopolized by the national oil company, Saudi Aramco.

The consortium's gas acreage covers more than 200,000 square kilometers of the southern Empty Quarter, an area five times the size of the Netherlands and almost as large as Great Britain.