REG-TotalEnergies SE Bahrain: TotalEnergies and Bapco Energies Join Forces in Petroleum Products Trading

TotalEnergies SEAnnouncement

04/03/2024 07:15

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Bahrain: TotalEnergies and Bapco Energies Join Forces in Petroleum Products
Trading

 

Patrick Pouyanné, Chairman and CEO of TotalEnergies (Paris:TTE) (LSE:TTE)
(NYSE:TTE), met yesterday in Bahrain with His Highness Shaikh Nasser bin Hamad
Al Khalifa, Representative of HM the King of Bahrain for Humanitarian Works
and Youth Affairs and Chairman of Bapco Energies - the integrated energy
company leading the energy transition in the Kingdom of Bahrain – and Mark
Thomas, Group CEO of Bapco Energies.

The meeting laid the foundations for cooperation between TotalEnergies and
Bapco Energies, under which TotalEnergies will support Bapco Energies in
optimizing its Sitra refinery, which is currently being upgraded, and in
trading of its petroleum products. TotalEnergies will bring its global oil and
feedstock supply capacity, as well as its refining and trading expertise.

"We are pleased to have been selected by the Bahraini authorities to support
Bapco Energies in optimizing their downstream petroleum operations, with a
view to maximizing value for Bahrain. I sincerely hope that this new
partnership marks the beginning of a promising relationship between
TotalEnergies and the Kingdom of Bahrain," said Patrick Pouyanné, Chairman
and CEO of TotalEnergies. "We are indeed a global integrated energy company
and are willing to bring for the benefit of the Kingdom of Bahrein and Bapco
Energies our full expertise along integrated oil, LNG and power value chains.
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."

His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty the King’s
Representative for Humanitarian Works and Youth Affairs and Chairman of Bapco
Energies said: "We are pleased to welcome such a respected and experienced
global player in the energy trading sector. Bapco Energies and
TotalEnergies’ collaboration will pursue opportunities for the Kingdom of
Bahrain's oil & gas products and offer new energy solutions to our
customers. With the start-up of our US$7 billion Bapco Modernization Programme
(BMP) refinery upgrade project later this year, our partnership with
TotalEnergies will help build a quality customer base for our expanded
production. We look forward to working in partnership with the
TotalEnergies’ team and bringing their experience and technology to Bapco
Energies."

“This new collaboration with TotalEnergies will bring incremental value to
the Kingdom of Bahrain and Bapco Energies through the application of
TotalEnergies’ global expertise in product trading and feedstock
optimization. We are looking forward to partnering with TotalEnergies to
building the Bapco Energies brand as a reliable and trusted global supplier of
quality products”, concluded Mark Thomas, Group CEO of Bapco Energies.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to energy that is
ever more affordable, cleaner, more reliable and accessible to as many people
as possible. Active in nearly 130 countries, TotalEnergies puts sustainable
development in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.

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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).

TotalEnergies Contacts

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.co
(mailto:ir@totalenergies.co)



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