TotalEnergies, Bapco Launch Petroleum Trading JV in Bahrain

TotalEnergies and Bapco Energies have launched BxT Trading, a Bahrain-based joint venture focused on trading petroleum products and expanding Middle East market access.

(P&GJ) — TotalEnergies and Bapco Energies have launched BxT Trading, a jointly owned petroleum products trading venture aimed at expanding market access for volumes from Bapco Energies’ refinery and strengthening trading capabilities in the Middle East.

The new company will operate as an equal joint venture and is expected to leverage Bapco Energies’ downstream assets alongside TotalEnergies’ global trading experience. The partners said BxT Trading will focus on developing advanced pricing, market analysis and risk management capabilities while broadening access to international markets.

TotalEnergies said the venture will add to its existing trading footprint in the Middle East, complementing its established trading hubs in Houston, Geneva and Singapore. The company said the local presence is intended to improve responsiveness to regional market dynamics.

“The launch of BxT Trading reflects the Kingdom’s commitment to forging long-term strategic partnerships with leading global energy companies,” said His Highness Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty for Humanitarian Works and Youth Affairs and Chairman of Bapco Energies. “BxT Trading represents a strategic step forward for Bapco Energies and the Kingdom of Bahrain. Through this partnership with TotalEnergies, we are enhancing our global trading capabilities, strengthening our downstream value chain, and reinforcing Bahrain’s position as a competitive and trusted player in the international energy markets.”

Patrick Pouyanné, Chairman and CEO of TotalEnergies, said: “We are happy about this new partnership with Bahrain and Bapco Energies, which strengthens our presence in the Middle East. BxT Trading reflects our long-standing commitment to act as a trusted partner in the region, dedicated to innovation, operational excellence and value creation.”