From MarketWatch, April 11:
Investors are eager to gain insights into the extend of the damage to energy infrastructure in the Middle East after six weeks of war
Following six weeks of war in Middle East, more than 60 energy facilities have been struck across the Persian Gulf. The damage spans at least nine countries, and can be easily counted in terms of shuttered crude-oil terminals and smoking natural-gas refineries.
What’s harder to measure is what comes next — and how long a recovery might take. That’s one of the key factors at play as a U.S. delegation is set to meet with Iranian counterparts in Pakistan over the weekend about their fragile cease-fire.
Drone and missile attacks by both U.S.-Israeli and Iranian forces have pushed the Middle East conflict beyond the Strait of Hormuz — hitting refineries, oil fields, ports and gas plants across Gulf states including Qatar, the UAE, Saudi Arabia and Oman, with different degrees of damage, according to data compiled by JPMorgan Commodities Research.
“We expect most attacks will not cause long-lasting disruptions. Some facilities, however, will face lengthy repair timelines, with at least eight assets appearing severely impacted,” a team led by Natasha Kaneva, head of global commodities strategy at JPMorgan, said Thursday in a client note.
The table below shows the eight energy facilities with the highest levels of damage....
....MUCH MORE
