The 53 billion barrels of crude oil reserves that Iran has revealed would comprise about 3% of the current proven reserves in the world. More oil in the world means lower prices. Saudi Aramco’s profits have been falling with declining prices. Saudi Arabia’s oil giant Saudi Aramco may be the world’s most profitable company but […]
The post Iran’s 53 Billion Oil Barrel Dig May Spoil Sworn-Foe Saudis’ Aramco IPO appeared first on CCN.com
source https://www.ccn.com/iran-53bn-oil-saudi-arabia-sworn-foe-saudi-aramcos-ipo/
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