March 11, 2026 [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 Tuesday.
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 February 28 start of the conflict, IIR added.
The U.S.-Israeli strikes on Iran and Tehran’s attacks on Israel and Gulf neighbours 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.
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