Saudi oil giant Aramco sees Q1 profits rise 25% by shifting exports to its East-West Pipeline

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CityNews Montreal

Aramco, the world’s largest oil company, reported Sunday that its first quarter profits jumped 25 over last year, as it increased exports by using a pipeline that avoids shipping through the Strait of Hormuz, which has been disrupted by the Iran war. Formally known as the Saudi Arabian Oil Co., Aramco reported a profit of [] The post Saudi oil giant Aramco sees Q1 profits rise 25 by shifting exports to its East-West Pipeline appeared first on CityNews Montreal.