{"id":1612,"date":"2016-05-14T01:15:24","date_gmt":"2016-05-14T01:15:24","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1612"},"modified":"2016-05-09T12:16:14","modified_gmt":"2016-05-09T12:16:14","slug":"saudi-arabian-oil-reserves","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1612","title":{"rendered":"Saudi Arabian Oil Reserves."},"content":{"rendered":"<p>There is a lot of speculation in the media about the possible floatation of the state oil company of Saudi Arabia, Aramco.<br \/>\n5% of the Saudi Aramco is being suggested to be floated, giving a valuation of $2.5 Trillion = <strong>\u00a31.72 Trillion<\/strong>.<\/p>\n<p>That is <strong>113% of UK Annual GDP<\/strong>.<\/p>\n<p>The size of Aramco can not be underestimated. They are responsible for a ninth of global oil supply.<\/p>\n<p>So the question is how much oil does Aramco have ?<\/p>\n<p>Well, again the numbers are huge. The proven reserves are 267,000 MILLION barrels.<\/p>\n<p>That is <strong>267,000,000,000<\/strong>.<\/p>\n<p>So what is that value in today&#8217;s prices ?<\/p>\n<p>Crude oil trades at $45.51 a barrel = <strong>\u00a331.53<\/strong>.<\/p>\n<p>Thus:-<\/p>\n<p>267,000,000,000 x \u00a331.53 =<strong> \u00a38,418,510,000,000<\/strong><\/p>\n<p>That is \u00a38,418 Billion = <strong>\u00a38.418 TRILLION.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is a lot of speculation in the media about the possible floatation of the state oil company of Saudi Arabia, Aramco. 5% of the Saudi Aramco is being suggested to be floated, giving a valuation of $2.5 Trillion = \u00a31.72 Trillion. That is 113% of UK Annual GDP. The size of Aramco can not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1612","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1612"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1612\/revisions"}],"predecessor-version":[{"id":1613,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1612\/revisions\/1613"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}