Saudi Aramco’s earnings rose in the first three months of the year as shipments via its east-west pipeline allowed it to mitigate the impact of conflict in the Middle East.
The Saudi oil company’s adjusted earnings in the first quarter stood at $33.6bn, 26 per cent higher than the same period last year, it said in a statement.
“Our east-west pipeline, which reached its maximum capacity of 7mn barrels of oil per day, has proven itself to be a critical supply artery,” said Aramco president and chief executive Amin Nasser.
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