By Admin 
New reserves of petrol and gas found in saudi arabia: Saudi Arabia’s oil company Aramco has discovered oil and gas reserves at 14 new places in the eastern region of the country and an area called empty quarters. This information was given by Saudi government news agency SPA on Wednesday. Although the number of these places is high, most of them have low oil and gas. According to the announcement, different types of oils have been found in six regions and two reservoirs (reservoir). In total, 8,126 barrels of oil can be extracted daily from them.
Apart from this, a total of 80.5 million standard cubic feet per day (SCFD) natural gas has been discovered from two regions and four reservoirs. At the same time, the amount of gas related to these oil areas and reservoirs has reached about 2.11 million SCFDs. According to the march report by OPEC, an organization of oil producing countries, Saudi Arabia prepared about 9 million barrels of crude oil daily in February.
Saudi Arabia has the second largest oil reserves in the world
Saudi Arabia has the second largest oil reserves in the world. It is estimated to have about 267 billion barrels of oil, which is about 16 to 17 percent of the total oil reserves of the whole world. Saudi Arabia comes second after Venezuela in terms of oil reserves. The figure of 267 billion barrels is of the oil reserves that have been discovered so far in Saudi. Apart from this, about 22 percent of the total proven oil reserves of OPEC countries is with Saudi Arabia.
Learn about Saudi Arabia’s oil reserves
Ghawar field and Safania field are the most special among the places where Saudi Arabia’s largest oil reserves are. Ghawar Field is the world’s largest land (coastal) oil area, while Safania Field is the world’s largest sea (offshore) oil area. Saudi Arabia’s government company Saudi Aramco does the work of extracting oil from both these places, which is considered to be the largest oil producing company in the world. Saudi Arabia also has large reserves of natural gas, from which it fulfills its domestic needs. Oil was first discovered here in 1938.
Energy Minister Prince Abdulaziz bin Salman said this
Energy Minister Prince Abdulaziz bin Salman congratulated King Salman bin Abduliazes Al Saud and Crown Prince, Prime Minister Mohammed bin Salman for new oil and gas discoveries. He said that these discoveries prove a strong and leading position in Saudi Arabia’s energy sector. This is proof that the country has rich natural resources like hydrocarbons (oil and gas). The minister also stated that these discoveries open new avenues of economic development under Vision 2030 and make Saudi Arabia’s capacity stronger in meeting domestic and international energy needs in the coming years.