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Jan 14, 2026 8:00 AM

TotalEnergies Strengthens Portfolio With Bahrain JV, Nigeria Sale

TotalEnergies SE (NYSE:TTE) announced two major deals in the Middle East and West Africa on Wednesday.

BxT Trading Launch

TotalEnergies, along with Bapco Energies, launched BxT Trading, which is a 50/50 trading joint venture supported by Bapco Energies' refinery flows in the Kingdom of Bahrain.

BxT Trading, which is a new competitive player in the Middle East, will help Bahrain's oil industry maximize value and expand access to global markets.

For TotalEnergies, BxT Trading strengthens its Middle East trading presence alongside hubs in Houston, Geneva, and Singapore, enhancing agility and responsiveness to regional market needs.

The joint venture ...