Saudi Arabia’s Aramco has created a retail network under its name to sell automotive and aviation fuel, as well as certified reserves through a third party, in moves that coincide with reported plans for an Initial Public Offering. The Dallas-based consultants DeGolyer and MacNaughton certified reserves in Saudi Aramco’s concession area, as of the end of 2017, at 263.2 billion barrels of oil, or 2.2 billion barrels higher than a previous estimate, according to a Wednesday report by SaudiGazette. Natural gas reserves in Saudi Aramco’s concession area were certified at 319.5 trillion standard cubic feet of gas, a 5.6 percent increase from the previous […]