70 years. In addition to the proven oil reserves of 260 billion barrels, Saudi Arabia has at least 654.38+050 billion barrels of exploitable oil, concentrated in the northern region bordering Iraq and southern Saudi Arabia. Saudi Arabia's current oil production capacity is1100,000 barrels per day. According to the daily average output of 6.5438+0 million barrels, Saudi Arabia's oil can still be mined for 70 years, and the World Energy Organization predicts that Saudi Arabia will have 655 years in the future.