March 10, New Delhi – Iran launched fresh strikes on energy installations in the Gulf on Monday, including a petroleum complex in Bahrain, as oil prices soared due to fears of supply disruptions caused by the escalating conflict in West Asia.
The sprawling Al Ma'ameer oil facility in Bahrain was hit, causing a fire and damage. The country's state-owned energy firm, Bapco, declared "force majeure" – the latest Gulf producer to activate this legal clause.
Energy producers in Qatar and Kuwait had previously made similar declarations, which serve as a warning that events beyond their control may lead them to miss export targets.
Bapco Energies, the integrated energy company of the Kingdom of Bahrain, declared a "force majeure" situation on its operations. The company stated in a statement that it "hereby serves notice of force majeure on its group operations, which have been affected by the ongoing regional conflict in West Asia and the recent attack on its refinery complex."