State Department cables warned that the Saudi kingdom might have
exaggerated its crude oil reserves by nearly 40 percent. In cables released
by WikiLeaks, the department was told that Riyad could not reach its goal of
reaching a crude oil production capacity of 12.5 million barrels per day.
One of the cables, dated November 2007, quoted a former senior executive
of Saudi Aramco as saying that the Arab kingdom would peak in oil production
as early as 2012, Middle East Newsline reported.
The Saudi, former head of exploration at Aramco, Sadad Al
Husseini, warned American diplomats that the kingdom could not ensure oil
stability. Al Husseini said Aramco overstated its oil reserves by 300
"According to Al Husseini, the crux of the issue is twofold," the 2007
cable said. "First, it is possible that Saudi reserves are not as bountiful
as sometimes described, and the timeline for their production not as
unrestrained as Aramco and energy optimists would like to portray."