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TotalEnergies SE ( (FR:TTE) ) just unveiled an announcement.
TotalEnergies and Bahrain’s Bapco Energies have formed BxT Trading, a 50:50 joint venture that will trade petroleum products sourced from Bapco Energies’ refinery, creating a new competitive trading player in the Middle East. The venture is designed to maximise the value of Bahrain’s downstream portfolio and widen its access to global markets, while giving Bapco Energies access to TotalEnergies’ global trading, pricing, analytics and risk-management expertise. For TotalEnergies, BxT Trading strengthens its trading footprint in the region alongside its hubs in Houston, Geneva and Singapore, improving responsiveness to local market dynamics and reinforcing Bahrain’s ambition to position itself as a trusted, competitive participant in international energy markets.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company active in about 120 countries, producing and marketing oil and biofuels, natural gas, biogas and low‑carbon hydrogen, as well as renewables and electricity. With more than 100,000 employees, it focuses on providing reliable, affordable and more sustainable energy, embedding sustainability into its strategy, projects and operations across the energy value chain.
For a thorough assessment of TTE stock, go to TipRanks’ Stock Analysis page.