TotalEnergies has agreed to collaborate with Bahrain’s Bapco Energies on optimizing operations at its Sitra Oil Refinery and on petroleum products trading, the French company reported.
Bapco has invested $7 Bln in expanding the processing capacity of the Sitra Oil Refinery from around 280,000 bpd to around 380,000 bpd, as well as upgrading the facility to allow it to process heavier crudes, which is supposed to be completed later this year.
“Our partnership with TotalEnergies will help build a quality customer base for our expanded production,” Bapco Energies chairman Shaikh Nasser bin Hamad Al Khalifa said.
The French company is expected to contribute feedstock supply, as well as bringing its refining and trading expertise.
TotalEnergies chairman and CEO Patrick Pouyanné signaled that the collaboration with Bahrain could see future expansion. “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,” he said.