BxT Trading. the joint-venture between Bahraini state firm BapcoEnergies and TotalEnergies, was officially launched last month (MEES, 16 January) and has wasted little time entering the market. The JV is taking a sizeable clean products’ storage position at Jebel Ali – a prominent regional storage and trading hub.
Sources say the firm has taken at least four storage tanks at the Advario (previously Star Energy) terminal in Jebel Ali and has begun moving cargoes down from Bapco’s Sitra refinery in Bahrain. It has apparently converted gasoline tanks to gasoil. Kpler shows multiple middle distillate cargoes discharging at the terminal so far this year, and MEES understands that the firm may be looking to add additional tanks later on for gasoline blending operations. (CONTINUED - 290 WORDS)
