Manama: Bapco Energies, the integrated energy company leading theenergy transition in the Kingdom of Bahrain, and TotalEnergies, a global integrated energycompany, announced the official signing of a strategic partnership agreement for petroleumproducts trading.This joint venture marks a significant milestone for Bapco Energies and the Kingdom of Bahrainas it aligns with the vision of His Majesty King Hamad bin Isa Al Khalifa's and the aspirations ofHis Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, forthe Kingdom's energy sector.Commenting on the joint venture, His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majestythe King's Representative for Humanitarian Works and Youth Affairs, Chairman of BapcoEnergies commended this trading partnership as it stands as one of the many strategicinitiatives within Bapco Energies' ongoing transformation efforts in the Kingdom of Bahrain'senergy landscape.He emphasised the important role this partnership wi ll play in setting up Bapco Energies to compete on the global stage and to become a key player in the international energy market. His Highness expressed that this partnership is a culmination of a collective effort between Bapco Energies and TotalEnergies, allowing both companies to unlock new avenues for growth in years to come.The signing ceremony, held in Paris, was attended by His Highness Shaikh Nasser bin Hamad AlKhalifa alongside senior representatives from both entities, including Dr.Mohammed bin Mubarak bin Daina, Minister of Oil and Environment, Special Envoy forClimate Affairs; Abdulla Al Zain, Bapco Refining Chairman; Mark Thomas, Bapco Energies Group Chief Executive Officer; and Dr. Abdulrahman Jawahery, Bapco Refining Chief Executive Officer.The partnership between Bapco Energies and TotalEnergies will create substantial value as itaims to optimise Bapco Energies' trading capabilities through TotalEnergies global petroleumproduct trading expertise. This comes as a result of the co llaborative foundation establishedearlier this year during TotalEnergies' Chairman and CEO Patrick Pouyanné's visit to theKingdom of Bahrain.The partnership, set to commence in July 2024, will also empower Bapco Energies to capturenew market opportunities, enhance its trading strategies, and gain access to TotalEnergies'extensive network, significantly expanding its reach and influence in the global market.Furthermore, this partnership will provide opportunities for the development of human capitalthrough the exposure to world-class expertise in trading and risk management.Source: Bahrain News Agency