By Alan Baldwin
Activists seeking to oust Bahrain's monarchy have threatened "days of rage" to coincide with the race, while organizers have ignored appeals to call off an event that was cancelled last year due to violent demonstrations during the Arab Spring.
While international sports correspondents are in Bahrain for the race, non-sports reporters from Reuters and some other news organizations have been refused visas to visit the Gulf island.
Bahrain's chief of public security said a number of "rioters and vandals" had been arrested for taking part in unlawful protests.
Bahrain has been in turmoil since a democracy movement erupted more than a year ago after uprisings in Egypt and Tunisia. Protests were initially crushed with the loss of dozens of lives but youths still clash with riot police and thousands take part in opposition rallies.
For Bahrain's al-Khalifa family - a Sunni Muslim dynasty ruling a majority Shi'ite population and caught between powerful neighbors Saudi Arabia and Iran - this year's race has been an opportunity to tell the world that all is back to normal.
But with demonstrations taking place daily, two members of the British-based Force India team asked to go home after the petrol bomb scare.
The Bahrain race circuit said four members of the team travelling between the track and the capital, Manama, drove through "an isolated incident involving a handful of illegal protesters acting violently towards police".
"During this incident a Molotov cocktail landed in the vicinity of their vehicle," a statement said.
The circuit said it was confident that Bahrain authorities could deal with such sporadic problems and "can confirm that all the usual precautions are being taken around the track to ensure the level of security is maintained".
Force India, whose drivers are Germany's Nico Hulkenberg and Britain's Paul Di Resta, said they had not been a target of the violence and no one in the team was hurt.
"It is obviously not right that sort of stuff happens," Hulkenberg said. "We are here to race. The F1 business is about entertainment and these sort of things should not really be happening to us."
A day before the Formula One cars appear on the track for practice sessions, there were signs of nervousness among race teams. The MRS team, entered in the supporting Porsche SuperCup series, withdrew its entry from the weekend season-opener, citing safety reasons, without travelling to Bahrain.
Overnight, police trying to suppress protests in the Shi'ite village of Sanabis fired tear gas and shotguns to disperse hundreds of demonstrators, a Reuters photographer said.
They were chanting anti-government slogans such as "The people want the fall of the regime!" and "Down, down Hamad!", referring to the ruler, King Hamad.
"A number of rioters and vandals had been arrested for taking part in illegal rallies and gatherings, blocking roads and endangering people's lives by attacking them with petrol bombs, iron rods and stones," the Information Affairs Authority said in a statement, citing Major-General Tariq Al Hassan.
A precise number of arrests was not given, but the opposition and human rights activists say that at least 90 people have been arrested so far this week.
Nabeel Rajab, founder of the Bahrain Centre for Human Rights, said holding the race showed a lack of respect for those hurt in the past year of protests.
"We are not against Formula One because we are against Formula One - every part of our nation likes to enjoy this sport. We are against rewarding dictators. Formula One in Bahrain has been taken as PR for the ruling elite, the repressive dictators who are ruling the country," he said.
Manama has been blanketed with security, with police stationed on the various bridges linking the capital to the rest of the country and the Bahrain International Circuit in Sakhir, where the Grand Prix will take place.
Politics aside, considerable sums of money are stake this weekend. Last year, Bahrain paid a "hosting fee" of $40 million despite cancelling the race. The Bahrain race drew 100,000 visitors to the nation of just 1.3 million and generated half a billion dollars in spending when it was last held two years ago.
A group of British lawmakers warned Formula One sponsors that they risk damaging their brands by supporting the Bahrain Grand Prix and said the race should have been called off.
"The scheduling of the Bahrain Grand Prix will provide a forum and indicate to the rest of the world that it is business as usual - when the reality could not be further from the truth," he wrote.
"We are most alarmed that you see no grounds to sever your brand and save its reputation from a totalitarian regime," he added. "We sincerely hope you will rethink your associations with the Bahrain Grand Prix and decide to curtail your sponsorship of the race at Sakhir."
The letter was sent to Royal Dutch Shell, Vodafone, Unilever, Total, Siemens, Red Bull, UBS, News Corp, Hugo Boss, Ferrari, ExxonMobil, Deutsche Post and Daimler, Slaughter said.
Thomson Reuters, parent company of Reuters news agency, sponsors the Williams Formula One team but Slaughter did not include it on his list of firms that were sent the letter.
A number of the Formula One teams are based in Britain and Briton Bernie Ecclestone, 81, runs the sport's commercial operations.
John Yates, a former assistant commissioner of London's Metropolitan police, is advising the government in Bahrain, a British protectorate until 1971. He said there were certain to be protests in over the weekend.
"People say can we guarantee security. Of course we can't guarantee security. I'd be a fool to sit here and say that," he told Britain's Guardian newspaper.
The race weekend comes as the Bahrain government must decide what to do about a jailed Shi'ite rights activist who is on hunger strike.
Abdulhadi al-Khawaja is one of 14 men in prison for leading the uprising last year. Releasing him would involve a loss of face for the government, but his death would create a martyr.
Bahrain is the base for the U.S. Navy's Fifth Fleet, among whose tasks is deterring Iran from making good on recent threats to disrupt Gulf oil tanker routes to the West. Washington has only gently prodded Bahrain's Saudi-allied rulers to improve human rights and push forward political reforms.
Thirty-five people were killed during the uprising last year, including five from torture, as well as security personnel.
(Writing by Giles Elgood; Additional reporting by Andrew Hammond and Reed Stevenson in Dubai; Editing by Alastair Macdonald)