Aramco Profits Surge as Somalia Drought Aid Vanishes #
Amin Nasser sat in a Dhahran boardroom as he announced that Saudi Aramco’s first-quarter profits have surged 25 percent to $33.6 billion. The state-owned giant reported that its East-West Pipeline is now pumping a record 7 million barrels of oil per day, successfully bypassing the Iranian blockade of the Strait of Hormuz. Nasser stated that the pipeline has "proven itself to be a critical supply artery, helping to mitigate the impact of a global energy shock and providing relief to…