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HomeMarkets & MacroBahrain Oil Company Declares Force Majeure After Attack on Energy Infrastructure

Bahrain Oil Company Declares Force Majeure After Attack on Energy Infrastructure

MASERU — Bahrain’s state-owned oil company has declared force majeure after damage to its energy infrastructure disrupted operations, raising concerns about the stability of global oil supplies amid the rapidly escalating conflict in the Middle East. The declaration was made by Bapco Energies, the national energy company of Bahrain, following reported attacks that affected parts of the country’s oil facilities. A force majeure declaration is a legal step companies take when extraordinary events such as war, natural disasters, or attacks prevent them from fulfilling…Continue reading with a subscriptionSubscribe for full access to every story.Subscribe - M85/monthAlready a subscriber? Sign in Advertisement ...

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