PETROLEUM PARTNERS

TotalEnergies, Bahrain’s Bapco launch joint oil products venture

The two companies said they expect the partnership to strengthen Bahrain’s competitiveness and enhance TotalEnergies’ presence in the MENA region

Walaa Alshaer/Bloomberg via Getty Images

TotalEnergies CEO Patrick Pouyanne

French energy giant TotalEnergies has formed a joint venture with Bahrain’s Bapco Energies aimed at boosting trade in petroleum products across the Middle East.

The venture called BxT Trading will handle flows from Bapco’s expanded Sitra refinery...