TotalEnergies and Bapco Energies have officially launched BxT Trading, a joint venture designed to transform petroleum product trading in the Middle East. As a result, the partnership will create a competitive platform for regional energy markets.
The signing ceremony took place in Bahrain and was attended by Shaikh Nasser bin Hamad Al Khalifa, Chairman of Bapco Energies, and Patrick Pouyanné, Chairman and CEO of TotalEnergies. Consequently, the event marked a major step toward strengthening Bahrain’s oil industry while broadening its access to global markets.
BxT Trading merges Bapco Energies’ local expertise with TotalEnergies’ international trading capabilities. Therefore, the venture will develop advanced trading, pricing, analysis, and risk management functions. By doing so, it aims to maximize downstream value and increase operational efficiency.
With this initiative, TotalEnergies further strengthens its trading footprint in the Middle East. Already active in global hubs such as Houston, Geneva, and Singapore, the company can now respond more quickly to regional market dynamics. In addition, the joint venture improves flexibility for the trading teams, allowing them to address local challenges more effectively.
Shaikh Nasser bin Hamad Al Khalifa said the launch demonstrates Bahrain’s commitment to long-term strategic partnerships. He added that BxT Trading enhances the Kingdom’s global trading capabilities, strengthens its downstream value chain, and positions Bahrain as a reliable and competitive player in international energy markets.
Patrick Pouyanné highlighted that the venture reflects TotalEnergies’ dedication to innovation, operational excellence, and sustainable value creation. Furthermore, he emphasized that the partnership reinforces the company’s role as a trusted partner in the Middle East.
BxT Trading will operate with strict risk management, high operational standards, and strong HSSE protocols. Consequently, the venture ensures the efficient and reliable flow of petroleum products while delivering sustainable value to stakeholders.
Industry analysts suggest that BxT Trading could enhance regional competitiveness and attract additional foreign investment into Bahrain’s energy sector. Moreover, the move reflects broader Gulf trends, where integrated trading platforms increasingly optimize refinery outputs.
The joint venture represents a strategic milestone for both companies. While Bapco Energies gains from global trading expertise, TotalEnergies strengthens its local presence. Together, they aim to capitalize on market opportunities and support Bahrain’s economic diversification.
BxT Trading is expected to play a critical role in improving downstream efficiency and providing flexible, reliable access to international energy markets. Therefore, such partnerships are essential for regional energy security and sustained growth.
