TotalEnergies SE has signed an agreement to support Bapco Energies in optimizing its Sitra refinery, which is currently being upgraded, and in the trading of its petroleum products. TotalEnergies will bring its global oil and feedstock supply capacity, as well as its refining and trading expertise, the company said in a media release.
The agreement came forth during the recent visit to Bahrain of Patrick Pouyanné, Chairman and CEO of TotalEnergies. During the visit Pouyanné held meetings with Shaikh Nasser bin Hamad Al Khalifa, the King’s Representative for Humanitarian Works and Youth Affairs and Chairman of Bapco, an integrated energy company leading the energy transition in the Kingdom of Bahrain – and Mark Thomas, Group CEO of Bapco, TotalEnergies said.
"We are pleased to have been selected by the Bahraini authorities to support Bapco Energies in optimizing their downstream petroleum operations, with a view to maximizing value for Bahrain”, Pouyanné said. “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 Bahrain and Bapco Energies our full expertise along integrated oil, LNG and power value chains”, Pouyanné added. “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".
"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”, Nasser said. “With the start-up of our US$7 billion Bapco Modernization 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".
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