Saudi Arabia is expected to announce a slight rise in its crude oil and gas reserves after being independently audited on Wednesday, according to a source familiar with the matter, Trend reports referring to Al Arabiya.
Saudi Arabia’s reserves of easily recoverable oil have long been the world’s largest.
Saudi Energy Minister Khalid al-Falih is due to hold a news conference in Riyadh on Wednesday to make the announcement at around 11.30 local time (0830 GMT).
He is also expected to provide further updates on the country’s energy strategy.