TotalEnergies and Bapco Energies Form Partnership to Enhance Petroleum Products Trading
TotalEnergies and Bapco Energies Form Partnership to Enhance Petroleum Products Trading

TotalEnergies and Bapco Energies Form Partnership to Enhance Petroleum Products Trading

  • 06-Mar-2024 6:23 PM
  • Journalist: Harold Finch

In Bahrain, Patrick Pouyanné, the Chairman and CEO of TotalEnergies, convened with His Highness Shaikh Nasser bin Hamad Al Khalifa, who holds the esteemed position of His Majesty the King’s Representative for Humanitarian Works and Youth Affairs and also serves as the Chairman of Bapco Energies. Accompanying them was Mark Thomas, the Group CEO of Bapco Energies. The purpose of this meeting was to lay the groundwork for a strategic collaboration between TotalEnergies and Bapco Energies, the integrated energy company spearheading the Kingdom of Bahrain's transition in the energy landscape.

The envisioned partnership entails TotalEnergies providing support to Bapco Energies in the optimization of its Sitra refinery, a facility currently undergoing upgrades, and facilitating the trading of its petroleum products. TotalEnergies, leveraging its extensive global presence and proficiency in oil and feedstock supply, refining, and trading, will play a pivotal role in enhancing the efficiency and value proposition of Bapco Energies' downstream petroleum operations.

Expressing his satisfaction at being selected by the Bahraini authorities for this collaboration, Patrick Pouyanné conveyed his optimism about the partnership contributing to the advancement of Bapco Energies and the Kingdom of Bahrain. He emphasized TotalEnergies' commitment to bringing forth its comprehensive expertise across integrated oil, liquefied natural gas (LNG), and power value chains. Furthermore, Pouyanné expressed the company's eagerness to explore opportunities for collaboration beyond traditional oil and petroleum products, extending into potential future developments in alternative energies such as LNG or renewable power.

Mark Thomas, the Group CEO of Bapco Energies, echoed these sentiments, highlighting the incremental value that the collaboration with TotalEnergies is poised to bring to the Kingdom of Bahrain and Bapco Energies. The application of TotalEnergies' global prowess in product trading and feedstock optimization is anticipated to enhance the efficiency and competitiveness of Bapco Energies in the global market. Thomas expressed eagerness to work closely with TotalEnergies to establish Bapco Energies as a trusted and dependable global supplier, fostering a reputation for delivering top-tier products.

The collaboration between TotalEnergies and Bapco Energies stands as a testament to the dynamic shifts occurring in the global energy landscape. The strategic alliance not only aims to optimize existing operations but also seeks to explore future avenues in alternative and renewable energies. The joint commitment to excellence and innovation is poised to create a symbiotic relationship, contributing to the growth and sustainability of both TotalEnergies and Bapco Energies in the evolving energy paradigm.

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