Kuwaiti oil reserves doubt

The Kuwaiti Oil Company is under pressure from economists to confirm exact figures for its oil reserves, according to Arab News. Last May the KOC published estimates of 97.3bn barrels in reserve and earlier this year announced significant finds of natural gas and 10-13bn barrels of light crude in its northern fields. Concerns have been mounting following a report in the Petroleum Intelligence Weekly that, according to a leaked KOC memo, reserves are only about 48bn barrels.

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