Energy, Oil & Gas

Bapco Energies declares force majeure

MANAMA
Bapco Energies declares force majeure

Bapco Energies, Bahrain’s integrated energy company, has served notice of force majeure on its group operations which have been affected by the on-going regional conflict in the Middle East and the recent attack on its refinery complex.

The company clarified that all local market needs are fully secured according to the proactive plans in place, ensuring the continuity of supplies and meeting local demand without impact.

A force majeure clause is a contract provision that excuses one or both parties from fulfilling their obligations due to extraordinary, unforeseen events beyond their control, such as natural disasters, war, pandemics, or government actions. It protects against liability for non-performance, often suspending obligations or allowing termination if the event persists. 

Bapco Energies said it values its relationships with all of its stakeholders and will continue to communicate the latest available information. OGN/TradeArabia News Service