By Joshua Kirby
France's TotalEnergies said a refinery complex jointly owned with the Saudi national oil company has been shut down after sustaining damage this week, the latest hit to crude production in the region as the Iran War continues to disrupt global energy supply.
The Satorp site was affected by incidents that occurred during the night of Tuesday to Wednesday, causing damage to one of the refinery's two processing trains, the energy major said in a statement Friday. The Saudi Aramco Total Refining and Petrochemical Co., or Satorp, is a joint venture between Saudi Aramco, which holds a majority stake, and TotalEnergies, with a 37.5% interest. It is situated in Jubail in Saudi Arabia, close to the Persian Gulf.
The shutdown adds further pressure on energy operations in the Middle East from the conflict between the U.S. and Israel and Iran. As a result of the war, TotalEnergies has shut down or is shutting down production in Qatar, Iraq and offshore United Arab Emirates, representing around 15% of total output and around 10% of upstream cash flow for the group.
The Paris-listed group is particularly exposed to disruption to the upstream production capacity at risk from the conflict, analysts at Berenberg wrote in a recent note to clients.
The damage to the Satorp site comes after an important crude export outlet, Saudi Arabia's East-West pipeline, was hit by an Iranian drone this week, the Wall Street Journal reported. The flow of crude was reportedly affected amid a partial shutdown of the pipeline.
The world's other big oil companies have also suffered from the war. Shell's giant Pearl gas-to-liquids facility in Qatar was struck by Iranian missiles last month. Chevron shut off gas assets offshore Israel for more than a month. And Exxon Mobil stands to lose billions in annual revenue from the hit to Qatar's natural-gas production.
No casualties were reported from the incidents at Satorp, TotalEnergies said. The units were shut down as a safety precaution and an assessment of the consequences for refinery operations at the site is underway, the company said.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
April 10, 2026 05:05 ET (09:05 GMT)
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