Saudi oil giant Aramco posts record income of $161.1 billion for 2022

(FILE) An image taken through a bus window showing installations seen at a construction site at an oil facility in the desert at Khurais oil field, about 160 km from Riyadh, Saudi Arabia, 23 June 2008. EFE/EPA/ALI HAIDER

Riyadh, Mar 12 (EFE).- Saudi Arabia’s state oil company Aramco on Sunday announced record profits of $161.1 billion for 2022, a year that saw energy prices soar due to the war in Ukraine and increased demand following the Covid-19 pandemic. The annual profits, up 46.5% from the previous year, are the largest ever recorded by … Read more