Saudi state-owned oil giant Aramco sees record income of $161bn
the company results were "underpinned by stronger crude oil prices, higher volumes sold and improved margins for refined products".
To address those challenges, he said, the company would not only focus on expanding oil, gas and chemicals production - but also invest in new lower-carbon technologies. She added: "It is all the more shocking because this surplus was amassed during a global cost-of-living crisis and aided by the increase in energy prices resulting from Russia's war of aggression against Ukraine."The Gulf kingdom has been condemned for a range of human rights abuses: its involvement in the conflict in neighbouring Yemen, the murder in 2018 of journalist Jamal Khashoggi, for jailing dissidents, and for the widespread use of capital punishment.
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