1.9 Million bpd of Gulf Refining Capacity Shut Amid Iran War, IIR Says

Nearly 1.9 million barrels per day of oil refining capacity across the Persian Gulf has been shut down as the Iran war disrupts regional energy infrastructure and threatens global fuel markets.

(Reuters) — Nearly 1.9 million barrels per ​day of crude refining capacity in the ‌Gulf has been shut in due to the U.S.-Israeli war on Iran, consultancy IIR said ​on March 10.

Map of Iran. (Map Source: Global Energy Infrastructure.)

This includes outages in Bahrain, ​Iraq, Kuwait, Qatar, Saudi Arabia and the ⁠United Arab Emirates, it said in ​an emailed statement to Reuters.

A 255,000-bpd condensate ​splitter at Saudi Arabia's Ras Tanura refinery was already offline for maintenance prior to the Feb. 28 ​start of the conflict, IIR added.

The ​U.S.-Israeli strikes on Iran and Tehran's attacks on Israel ‌and ⁠Gulf neighbors have disrupted oil and natural gas exports from the Middle East and forced production stoppages as the war enters ​its second ​week.

Wood Mackenzie ⁠added that all three of Kuwait's refineries - Al-Zour, Mina Al-Ahmadi ​and Mina Abdullah - have lowered processing ​rates ⁠as storage tanks begin to fill, and it expects other refineries to do the ⁠same ​if the situation continues.