Aramco recorded a profit of 32.5 billion dollars in the first quarter, a 25% increase compared to last year.

Aramco, the Saudi oil giant, reported a 25% increase in profit in the first quarter of the year, reaching $32.5 billion, compared to the same period last year. This increase was made possible by the use of a pipeline that bypasses the Strait of Hormuz, a crucial maritime route affected by the conflict with Iran. Amin H. Nasser, the president and CEO of Aramco, emphasized that the company's performance reflects resilience and operational flexibility in a complex geopolitical environment. The East-West pipeline has reached its maximum capacity of 7 million barrels per day, thus providing some support in the face of global energy shocks. However, Nasser noted that this pipeline cannot compensate for the capacity losses in the Strait of Hormuz, where before the conflict, 20% of the world's traded oil passed through. Iran's control over this waterway, along with the naval blockade imposed by the U.S., further complicates the situation. Nasser highlighted the importance of a reliable energy supply for global energy security. Aramco continues to focus on its strategic priorities, utilizing its internal infrastructure and global network to navigate through these disruptions.