TotalEnergies and Bapco Launch Middle East Trading Joint Venture

France’s TotalEnergies and Bahrain’s state-owned Bapco Energies have officially launched BxT Trading, a 50/50 trading joint venture backed by production flows from Bapco Energies’ refinery. The new entity is positioned as a competitive regional trading player, designed to maximize downstream value and broaden access to international markets for Bahraini oil products. The signing ceremony took place in Abu Dhabi and was attended by senior leadership from both sides, including Shaikh Nasser bin Hamad Al Kh ...