An audit of Saudi Aramco’s oil reserves is unlikely to be completed before the end of 2017 because of the huge scale of the task, sources familiar with the matter said, a later timeframe than previously indicated. The audit has so far confirmed the reserves figures earlier given by Saudi Arabia, the sources said, an important part of the state oil company’s preparatory work for its planned initial public offering next year. Sponsored Saudi Arabia’s reserves of easily recoverable oil have long been considered the world’s largest. But there have also been questions about their volume and quality, and the audit seeks to provide internationally recognized figures for investors. “It’s a huge task,” a […]