TotalEnergies SE has signed an settlement to help Bapco Energies in optimizing its Sitra refinery, which is presently being upgraded, and within the buying and selling of its petroleum merchandise. TotalEnergies will convey its world oil and feedstock provide capability, in addition to its refining and buying and selling experience, the corporate mentioned in a media launch.
The settlement got here forth through the latest go to to Bahrain of Patrick Pouyanné, Chairman and CEO of TotalEnergies. Throughout the go to Pouyanné held conferences with Shaikh Nasser bin Hamad Al Khalifa, the King’s Consultant for Humanitarian Works and Youth Affairs and Chairman of Bapco, an built-in power firm main the power transition within the Kingdom of Bahrain – and Mark Thomas, Group CEO of Bapco, TotalEnergies mentioned.
“We’re happy to have been chosen by the Bahraini authorities to help Bapco Energies in optimizing their downstream petroleum operations, with a view to maximizing worth for Bahrain”, Pouyanné mentioned. “I sincerely hope that this new partnership marks the start of a promising relationship between TotalEnergies and the Kingdom of Bahrain”.
“We’re certainly a worldwide built-in power firm and are prepared to convey for the good thing about the Kingdom of Bahrain and Bapco Energies our full experience alongside built-in oil, LNG and energy worth chains”, Pouyanné added. “We’ll work to increase our collaboration past oil and petroleum merchandise to potential future developments in different energies, corresponding to LNG or renewable energy”.
“Bapco Energies and TotalEnergies’ collaboration will pursue alternatives for the Kingdom of Bahrain’s oil & gasoline merchandise and supply new power options to our prospects”, Nasser mentioned. “With the start-up of our US$7 billion Bapco Modernization Programme (BMP) refinery improve challenge later this yr, our partnership with TotalEnergies will assist construct a high quality buyer base for our expanded manufacturing. We stay up for working in partnership with the TotalEnergies’ crew and bringing their expertise and know-how to Bapco Energies”.
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