Bahrain: State Oil Company Declares Force Majeure After Iranian Attack
Bahrain's state oil company, BAPCO, has declared a force majeure following an attack by an Iranian drone on its refinery near Manama.
Bahrain Petroleum Company (BAPCO), the state-owned oil company of Bahrain, is facing disruptions in its operations after an Iranian drone attack targeted its refinery close to the capital, Manama. In response to the attack, BAPCO has declared a force majeure, which relieves the company from its obligations due to extraordinary circumstances, effectively shielding it from liability for any failures that are beyond its control.
The declaration comes amid ongoing regional conflicts in the Middle East, which have increasingly affected oil production and supply chains. BAPCO stressed that while its operations have been impacted, it believes that local demand can still be met despite the current circumstances. The company is taking these measures in light of the recent events and the escalating tensions in the region, which pose challenges to its operational stability.
Reports indicate that the Iranian drone strike on the Al Ma’ameer oil facilities caused a fire and property damage, heightening concerns about the security of critical infrastructure in the oil-rich region. BAPCO’s declaration of force majeure reflects the broader geopolitical tensions affecting the energy sector, emphasizing the vulnerability of oil supplies to military actions and escalating hostilities between regional powers.