Bahrain Petroleum Company, the largest energy company in Bahrain, temporarily suspended oil product exports on March 9 due to force majeure. This was caused by a major fire at the oil refinery in the Al-Mamir area. Videos circulating on social media show columns of black smoke rising from the plant. In an official statement, the company emphasized that the incident is linked to ongoing military conflicts and attacks on infrastructure in the region. Currently, the plant is focused on meeting domestic market needs, and the extent of the damage is being assessed by experts.
Local officials stated that the fire was caused by further missile strikes by Iran. Recall that last week, QatarEnergy was also forced to take similar measures due to attacks on its production facilities. The Qatari Ministry of Energy warned that if the US and Israel do not stop the war with Iran, Persian Gulf countries may completely stop oil exports.
The situation in the region escalated on February 28 with the start of US and Israel military actions against Iran. In response, Iran is striking American military bases and critical energy facilities in the region with drones and missiles. Iran has also closed the Strait of Hormuz, a key oil transit route. Due to these factors, oil prices in the global market rose sharply, with the price of a barrel of oil approaching $120 on Asian exchanges on March 9. This is a record level not seen since 2022.
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