Amin H. Nasser

Saudi Aramco unveils record $48.4 billion profit in Q2

Published by Hurriyet on Sun, 08/14/2022 - 11:42

Oil giant Saudi Aramco yesterday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's war in Ukraine and a post-pandemic surge in demand sent crude prices soaring.    

Net income leapt 90 percent year-on-year for the world's biggest oil producer, which clocked its second straight quarterly record after announcing $39.5 billion for Q1.    

The Oil Production in Saudi Arabia Will Be Fully Restored by the End of November

Published by Novinite on Wed, 10/09/2019 - 19:58

The oil production in Saudi Arabia will be fully restored by the end of November, Amin H. Nasser, President and CEO of Saudi Arabian Oil Company Saudi Aramco, said.  The facilities of the giant Aramco were attacked by drones earlier in September and caused a temporary shutdown and halved oil production, equivalent to 6 percent of world production.