France’s TotalEnergies and Bahrain’s Bapco Energies have launched BxT Trading, a joint venture focused on maximizing downstream value and expanding Bahraini oil product access to international markets. The partnership brings together global trading expertise and infrastructure to strengthen Bahrain’s position in the energy market.

The signing ceremony in Abu Dhabi included top leadership from both companies, emphasizing the venture’s commitment to physical oil trading and advanced capabilities in pricing, analytics, and risk management. BxT Trading aims to enhance Bahrain’s downstream value chain and improve responsiveness to market dynamics.

The joint venture provides Bapco Energies with access to TotalEnergies’ trading expertise and infrastructure, strengthening Bahrain’s presence in international energy markets. For TotalEnergies, the partnership deepens its commercial footprint in the Middle East and enhances its ability to respond to regional market demands effectively.

BxT Trading aligns with the trend of Middle Eastern producers expanding into trading to capture additional margin beyond production. Bahrain’s investment in refining and downstream sectors positions it as an active participant in global energy markets, rather than just a price taker, reinforcing the kingdom’s energy trading credibility.

TotalEnergies’ strategy of combining upstream and downstream positions with strong trading arms is reinforced by the joint venture, enabling effective market arbitrage and volatility management. BxT Trading is expected to operate with a focus on operational excellence, high safety standards, and disciplined risk management, establishing a long-term strategic partnership for sustainable value delivery in Bahrain’s energy market.

Read more at Yahoo Finance: TotalEnergies and Bapco Launch Middle East Trading Joint Venture