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OPEC reserves revisited

For the ASPO-USA conference 2009, this interview was done with Sadad-al-Husseini, ex-Saudi Aramco geologist and executive vice president (excerpt)

Question: Assume for the moment that declines in demand have flattened and that we resume modest growth in demand in a year or so. Are there adequate new oil projects in the pipeline to meet rising demand for a [...]