A meeting between TotalEnergies, Bapco Energies and the King of Bahrain has laid the foundations for a partnership, under which TotalEnergies will support Bapco Energies in optimising its Sitra refinery, which is currently being upgraded, and in trading of its petroleum products.
TotalEnergies Chairman and CEO Patrick Pouyanné said they 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.
“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.”
His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty the King’s Representative for Humanitarian Works and Youth Affairs and Chairman of Bapco Energies 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 and gas products and offer new energy solutions to our customers.
“With the start-up of our US$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 TotalEnergies’ team and bringing their experience and technology to Bapco Energies.”
Bapco Energies Group CEO Mark Thomas said the 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.”
