Saudi Aramco will have the right to book the Kingdom's oil reserves through the IPO it is planning for next year, which will basically offer investors an ownership in that right, Minister of Energy, Khalid al-Falih, was quoted as saying. "The reserves under the ground are by constitution owned by the state but the state will give Aramco through the concession the exclusive right to monetize those reserves," he said. "The reserves are being certified and the certification process is ongoing... We are well under way in the certification that is very, very reassuring." (Reuters)