Hormuz is closed, but where did Saudi Aramco's profits come from... Is this a game? Smart revelations...
The world's largest oil company, Saudi Aramco, released its first-quarter financial results on Sunday, according to which the company's profits recorded an astonishing 25 percent increase compared to last year.
🔴 The biggest reason for this is the full use of Saudi Arabia's "East-West Crude Pipeline".
Through this pipeline, Saudi Arabia bypassed the Strait of Hormuz and transported its crude oil directly from the eastern parts of the country to the ports of the Red Sea, from where it was exported to global markets.
🔴 Figures and record profits
Net profit: Aramco earned a profit of $32.5 billion in the quarter ending March 31, which was $25.5 billion during the same period last year.
Full Capacity: Aramco CEO Amin Nasser says the East-West Pipeline is currently operating at its full capacity of 7 million barrels per day, which has saved the global supply chain from breaking down.$ORDER