IRAN  issued evacuation warnings to several oil facilities in Saudi Arabia, the UAE, and Qatar, including SAMREF, a joint venture between Saudi Aramco (2222.SE) and Exxon Mobil (XOM.N).

 An industry source said that Saudi Aramco's SAMREF refinery in the Red Sea port of Yanbu was targeted in an aerial attack on Thursday. The source added that there was minimal impact. This attack follows others on energy facilities in Qatar and the UAE in response to U.S.-Israeli attacks on Iranian energy installations.

The Islamic Revolutionary Guard Corps had issued evacuation warnings to several oil facilities in Saudi Arabia, the UAE, and Qatar, including SAMREF, a joint venture between Saudi Aramco (2222.SE) and Exxon Mobil (XOM.N).

Escalation in the war with US and Israel

A strike on Iran's South Pars gas field caused the warning, which represented a significant escalation in the war with the United States and Israel. Since Iran effectively shut the Strait of Hormuz after the war erupted late last month, Yanbu has been one of two major export outlets for crude oil out of Gulf Arab countries. The Strait of Hormuz, a narrow waterway between Iran and Oman, normally carries a fifth of the world's oil supply..

Suspension of operations at the  port of Fujairah

A series of attacks has led to the suspension of operations at the United Arab Emirates' port of Fujairah, the other major export outlet. It was not immediately clear whether loadings were operational on Thursday.

Ras Laffan, the site of Qatar's core LNG processing operations

Meanwhile, on Wednesday, QatarEnergy stated that Iranian missile attacks on Ras Laffan, the site of Qatar's core LNG processing operations, caused "extensive damage Shell has a 100% interest in Pearl GTL in Qatar ​that has capacity to ⁠process up to 1.6 billion cubic feet per day of wellhead gas, converting it into 140,000 bpd of gas-to-liquids.." Saudi Arabia said it had intercepted and destroyed four ballistic missiles launched toward Riyadh, and the UAE halted operations at its Habshan gas facility following a drone interception.

Related :Hormuz stoppage will impact cost of living according to UNCTAD

International oil company  affected by the closure of Hormuz

Notably International oil companies have incurred losses due to the closure of the Strait of Hormuz. BP tops the list because its operations in the region represent about 24% of its projected free cash flow for 2026.ExxonMobil is second with 20% losses, followed by TotalEnergies with 14% and Shell with 13%. Among these companies, Chevron was the least affected, with losses of only 5%.

Related : Trump waived the Jones Act for 60 days to allow oil to flow freely to US ports.

The production of major oil companies in the Middle East

In a report on the production of major oil companies, Reuters monitors their output in the Middle East amid the escalating war with Iran.

BP's (BP.L), opens new tab oil and gas output in the Middle East in 2025, including Egypt, was around 503,000 barrels of oil equivalent per day, which accounts for around 22% of BP's ​overall production, according to Reuters calculations based on BP's latest annual report. BP has no refineries in the Middle East.

Chevron (CVX.N), opens new tab, ​which has relatively little output in the Middle East, produced 165,000 barrels of oil equivalent per day in ⁠2025 from Israel and the partitioned zone between Saudi Arabia and Kuwait. This compares with overall output of 3.7 million boed.

ConocoPhillips (COP.N), opens new tab produced 147,000 barrels of oil equivalent per day last year from non-operated projects in Qatar ​and Libya, or 6% of total global production.

Eni's (ENI.MI), opens new tab oil and gas output in the Middle East, including Egypt, was around 379,000 boed, or around 22% of its total output in 2024, according to Reuters calculations based on the latest data from the company.

Eni holds a minority stake in ADNOC Refining, which operates the ​Ruwais refinery complex in the United Arab Emirates
Exxon

Exxon's (XOM.N), opens new tab exposure in the Middle East includes a partnership in the Upper Zakum oilfield, offshore UAE. ​The field has capacity of 1 million barrels per day, CEO Darren Woods told media in November. Exxon grew its share of Qatar liquefied natural ‌gas volumes ⁠to 60 million tons per year after signing an agreement with QatarEnergy in 2022 to further develop the North Field East.The company does not disclose its production by country, but analysts have estimated about 20% of Exxon's total oil and gas output is located in the Middle East. About 5% of Exxon's global refining capacity is in the region.

Shell's (SHEL.L), opens new tab oil and gas output in 2025 in the Middle ​East, including Egypt and excluding Qatar, ​was around 307,000 boed, which ⁠accounts for around 11% of its overall production, according to Reuters calculations based on its latest annual report.

TotalEnergies' oil and gas output in the Middle ​East, including Egypt, was around 348,000 boed, or around 34% of its global output, according to Reuters calculations based on its 2024 annual report. TotalEnergies also holds stakes ​in refineries and petrochemicals plants in Saudi Arabia and Qatar.

Meanwhile BP is moving forward with a strategic reset, refocusing its spending on oil and gas production. At the same time, the company is reducing costs and selling assets to lighten its debt burden.

Source : Agencies

#TotalEnergies #Shell#ExxonMobil #Chevron #BP #Middle ​East #QatarEnergy #Ras Laffan #Aramco's SAMREF refinery#port of Fujairah #port of Yanbu # Iranian energy #U.S.-Israeli attacks #Strait of Hormuz