(BRIEF) Patrick Pouyanné, Chairman and CEO of TotalEnergies, met with His Highness Sheikh Nasser bin Hamad Al Khalifa and Mark Thomas of Bapco Energies in Bahrain, laying the groundwork for a collaboration. TotalEnergies will help Bapco Energies optimize its Sitra trade in refineries and petroleum products, leveraging its global expertise. His Highness expressed optimism about the partnership, anticipating a higher price for Bahrain’s oil and fuel products. Thomas highlighted the prospects of collaboration with the Bapco Energies logo as a global supplier.
(PRESS RELEASE) PARIS, March 5, 2024 — /EuropaWire/ — Patrick Pouyanné, Chairman and CEO of TotalEnergies, met in Bahrain with His Highness Sheikh Nasser bin Hamad Al Khalifa, His Majesty the King’s Representative for Humanitarian Works and Youth and Chairman of Bapco Energies, the incorporated energy company leading the energy transition in the Kingdom of Bahrain, and Mark Thomas, CEO of Bapco Energies Group.
The assembly laid the groundwork for a cooperation between TotalEnergies and Bapco Energies, under which TotalEnergies will support Bapco Energies in the optimisation of its newly modernised Sitra refinery and in the trading of its petroleum products. TotalEnergies will bring its global oil and raw curtain sourced capacity, as well as its refining and marketing expertise.
“We are pleased that the government of Bahrain has decided to rely on Bapco Energies to optimize its downstream oil operations, with a view to maximizing the price for Bahrain. I sincerely hope that this new partnership will usher in a promising relationship between TotalEnergies and the Kingdom of Bahrain,” said Patrick Pouyanné, President and CEO of TotalEnergies. “In fact, we are a global incorporated energy company and we are in a position to bring to the Kingdom of Bahrain and Bapco Energies all our expertise in the oil, LNG and electricity price chain sector. We will work to expand our collaboration beyond oil and petroleum products to potential long-term advances in other energies, such as LNG or renewables.
His Highness Sheikh Nasser bin Hamad Al Khalifa, His Majesty the King’s Representative for Humanitarian Works and Youth and Chairman of Bapco Energies, said: “We are pleased to welcome such a reputable and wonderful global player in the energy trading sector. The collaboration between Bapco Energies and TotalEnergies will unlock opportunities for petroleum products and fuels in the Kingdom of Bahrain and offer new energy answers to our visitors. With the start of our $7 billion Bapco Modernization Program (BMP) refinery modernization task later this year, our partnership with TotalEnergies will build a quality visitor base for our increased production. We look forward to working in partnership with the TotalEnergies team and bringing their expertise and generation to Bapco Energies. “
“This new collaboration with TotalEnergies will bring additional value to the Kingdom of Bahrain and Bapco Energies through the application of TotalEnergies’ global expertise in commodity trading and raw optimization. We look forward to partnering with TotalEnergies to build the Bapco Energies logo as a trusted company and trusted global supplier of quality products,” concluded Mark Thomas, Group Chief Executive Officer of Bapco Energies.
About TotalEnergies
TotalEnergies is a global multi-energy corporation that produces and markets energy: oil and biofuels, vegetable fuels and green fuels, renewable energy and electricity. Our more than 100,000 workers are committed to making energy increasingly affordable, more sustainable, more reliable and more available. to as many other people as possible. Active in approximately 130 countries, TotalEnergies puts sustainable progress in all its dimensions at the heart of its projects and operations to contribute to the well-being of populations.
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SOURCE: TotalEnergies
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