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

The Independent·Associated Press·22 days ago
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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 $32.5 billion for the quarter ending March 31. The state-owned company had reported a 12% decline in annual profits in 2025. “Aramco’s first-quarter performance reflects strong resilience and operational flexibility in a complex geopolitical environment,” Aramco President and CEO Amin H. Nasser said in a statement, adding that the company’s East-West Pipeline, which runs across Saudi Arabia from its Eastern oil fields to the Red Sea , is now operating at its maximum capacity of 7 million barrels of oil per day.…

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