business / news / / Zee News
Saudi Arabia’s state-run oil giant Aramco has adjusted its export system.
Aramco is now operating its 1,200-kilometre East-West pipeline at full capacity.
KEY POINTS
- The pipeline is moving nearly 7 million barrels of crude oil per day to the Red Sea.
- Aramco's Q1 net profit rose 25% to $32.5 billion, aided by higher pipeline usage.
- Nearly 1 billion barrels of oil have been affected by trade route disruptions so far.
- Aramco warns that Strait of Hormuz instability could disrupt global oil supply chains by 2027.
COMPANIES
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