- BxT Trading is a joint venture between TotalEnergies and Bapco Energies.
- The venture is backed by flows from Bapco Energies' Refinery.
- BxT Trading aims to enhance trading, pricing, analysis, and risk management capabilities.
- The initiative strengthens TotalEnergies' trading position in the Middle East.
Joint Venture Launch
TotalEnergies and Bapco Energies have launched BxT Trading, a joint venture focused on trading petroleum products in the Middle East. The venture is equally owned and supported by flows from Bapco Energies' Refinery.
Strategic Objectives
BxT Trading aims to enhance Bahrain's oil industry by leveraging its downstream portfolio to maximize value and broaden access to global markets. The joint venture will develop advanced trading, pricing, analysis, and risk management capabilities.
Regional Impact
This initiative strengthens TotalEnergies' trading position in the Middle East, complementing its existing trading activities and international hubs in Houston, Geneva, and Singapore. It enhances the trading teams' responsiveness and agility, allowing them to better address regional specificities.
