French oil and gas company TotalEnergies has formed a partnership with Bapco Energies to enhance the operations of the Sitra refinery and facilitate the trading of petroleum products.
The collaboration will leverage TotalEnergies' global supply and trading expertise to benefit Bapco Energies' operations.
It aims to improve production and efficiency at the Sitra refinery in Bahrain, which is presently undergoing renovations.
In addition to the refinery optimisation, TotalEnergies will contribute its experience in oil and feedstock supply, refining and trading to the partnership.
The collaboration was finalised after a meeting between TotalEnergies chairman and CEO Patrick Pouyanné and Bapco Energies' leadership, including chairman Shaikh Nasser bin Hamad Al Khalifa and group CEO Mark Thomas.
Pouyanné said: "We are pleased to have been selected by the Bahraini authorities to support Bapco Energies in optimising their downstream petroleum operations, with a view to maximising value for Bahrain.
“We are indeed a global integrated energy company and are willing to bring for the benefit of the Kingdom of Bahrain and Bapco Energies our full expertise along integrated oil, LNG and power value chains. We will work to extend our collaboration beyond oil and petroleum products to potential future developments in other energies such as LNG or renewable power."
Hamad Al Khalifa said: “Bapco Energies and TotalEnergies’ collaboration will pursue opportunities for the Kingdom of Bahrain's oil and gas products and offer new energy solutions to our customers. With the start-up of our $7bn Bapco Modernization Programme refinery upgrade project later this year, our partnership with TotalEnergies will help build a quality customer base for our expanded production.”
The partnership announcement follows TotalEnergies' recent agreement with Sembcorp Fuels for a long-term supply of liquefied natural gas (LNG).
The agreement, set to begin in 2027, will see the delivery of up to 800,000 tonnes per annum of LNG over 16 years.
Earlier this year, reports emerged that TotalEnergies is looking to divest its minority stake in the Shell Petroleum Development Company of Nigeria.
