Bahrain’s state-owned oil company Bapco has declared force majeure after an attack set the country’s only refinery ablaze. The firm says domestic supplies remain secure, but operations are disrupted by the ongoing Middle East conflict, underscoring regional energy risks.
The oil refinery has declared force majeure on Monday on its shipments after an Iranian attack set its refinery ablaze, the Bahrain News Agency reported. Bapco, the only oil processing facility in the country, has been significantly affected.
The company said its operations “have been affected by the ongoing regional conflict in the Middle East and the recent attack on its refinery complex.”
“Outbreak of a fire due to the Iranian aggression targeting a facility in Al Ma’ameer, with material damage reported but no casualties recorded, and the competent authorities have begun firefighting procedures,” Bahrain News Agency says in a post on X.
Force majeure is a legal provision that frees a company from contractual obligations in extraordinary circumstances.
This means that the country's trading partners including Saudi Arabia, South Africa, India and the United States cannot bring any claim against the country in the event that they are unable to fulfil any outstanding trade orders.
Bapco however reassured that all domestic market needs remain fully secured and that supplies will continue without disruption, supported by contingency plans already in place.
For Bahrainis, this means fuel, electricity, and essential energy needs should remain secure despite the refinery attack.
The move comes amid rising regional tensions, as countries take steps to secure energy reserves for their domestic needs following the U.S./Israel-Iran escalations.
Afghanistan and Belarus have agreed to advance joint industrial projects, investment and technical cooperation following talks in Minsk, as Kabul s...
Uzbekistan and Azerbaijan are drawing up a new programme aimed at boosting bilateral trade to $1 billion by 2030, as the two countries move to deep...
Australia on Thursday condemned Israel’s decision to close its criminal investigation into the deaths of Australian aid worker Zomi Frankcom ...
The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
Afghanistan and Belarus have agreed to advance joint industrial projects, investment and technical cooperation following talks in Minsk, as Kabul seeks Belarusian machinery and support to develop domestic manufacturing.
Uzbekistan and Azerbaijan are drawing up a new programme aimed at boosting bilateral trade to $1 billion by 2030, as the two countries move to deepen economic and industrial ties.
Syria says it assured Israel that Türkiye had no plans to establish a military presence at the Abu al-Duhur airbase before Israeli forces struck the site on Tuesday.
Israeli Prime Minister Benjamin Netanyahu has issued his strongest warning yet over Türkiye's growing military role in Syria, saying Israel will not accept Turkish forces expanding their presence further south.
Azerbaijan’s support for Ukraine could provide a model for neighbouring countries seeking to strengthen their sovereignty, the director of development at an organisation supporting Ukraine’s armed forces has told AnewZ.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment