On 14 January, Bahrain state vitality agency Bapco Energies and TotalEnergies introduced the official launch of their joint-venture BxT Buying and selling, based mostly within the Dubai Worldwide Monetary Centre (DIFC). After Kuwait’s KPC launched its buying and selling agency final yr (MEES, 21 March 2025), all six GCC nations have now established oil buying and selling arms as they search to extract extra worth from their manufacturing.
In partnering with TotalEnergies, Bapco is following the trail laid out by Oman, which pioneered the institution of state-led oil buying and selling entities within the area. Oman’s OQ Buying and selling was initially arrange in partnership with buying and selling big Vitol in 2006, and whereas the Swiss buying and selling big is not concerned, OQ Buying and selling remains to be broadly seen as essentially the most refined of the NOC merchants. (CONTINUED – 798 WORDS)
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