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Bahrain's Bapco Declares Force Majeure After Refinery Attack

Bloomberg Markets •
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Bahrain Petroleum Company (Bapco) declared force majeure on its operations, citing damage to its 90-year-old refinery caused by an attack linked to the ongoing Middle East conflict. The company stated local market needs are being met despite the disruption. Bapco recently modernized the facility, boosting its capacity to 400,000 barrels a day to produce more jet fuel and diesel.

This move follows similar force majeure declarations by QatarEnergy and Kuwait due to regional instability, impacting global energy supplies. Persian Gulf producers Iraq and the United Arab Emirates have also cut output, raising concerns about regional oil market stability. The declaration highlights the vulnerability of key Middle East energy infrastructure to conflict and its potential ripple effects on global fuel markets.