Sunday 21 April 2024

Bapco Energies, TotalEnergies join forces in petroleum products trading

MANAMA, March 4, 2024

Bapco Energies and TotalEnergies recently held a meeting to establish a promising collaboration, with TotalEnergies supporting Bapco Energies in optimising its upgraded Sitra refinery and trading petroleum products.
TotalEnergies will bring its global oil and feedstock supply capacity, as well as its refining and trading expertise.
Present in the meeting were Shaikh Nasser bin Hamad Al Khalifa, His Majesty the King’s Representative for Humanitarian Works and Youth Affairs and Chairman of Bapco Energies, the integrated energy company leading the energy transition in the Kingdom of Bahrain; Patrick Pouyanné, Chairman and CEO of TotalEnergies; and Mark Thomas, Group CEO of Bapco Energies.
Shaikh Nasser bin Hamad Al Khalifa said: "We are pleased to welcome such a respected and experienced global player in the energy trading sector. Bapco Energies and TotalEnergies’ collaboration will pursue opportunities for the Kingdom of Bahrain's oil & gas products and offer new energy solutions to our customers. With the start-up of our $7 billion Bapco Modernisation Programme (BMP) refinery upgrade project later this year, our partnership with TotalEnergies will help build a quality customer base for our expanded production. We look forward to working in partnership with the Total team and bringing their experience and technology to Bapco Energies."
"We are pleased to have been selected by the Bahraini authorities to support Bapco Energies in optimising their downstream petroleum operations, with a view to maximising value for Bahrain. I sincerely hope that this new partnership marks the beginning of a promising relationship between TotalEnergies and the Kingdom of Bahrain," said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
He added: "We are indeed a global integrated energy company and are willing to bring for the benefit of the Kingdom of Bahrein and Bapco Energies our full expertise along integrated oil, LNG and power value chains. We will work to extend our collaboration beyond oil and petroleum products to potential future developments in other energies, such as LNG or renewable power."
“This new collaboration with TotalEnergies will bring incremental value to the Kingdom of Bahrain and Bapco Energies through the application of TotalEnergies’ global expertise in product trading and feedstock optimisation. We are looking forward to partnering with TotalEnergies to building the Bapco Energies brand as a reliable and trusted global supplier of quality products”, concluded Mark Thomas, Group CEO of Bapco Energies. --OGN/ TradeArabia News Service


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