A Global Energy Trader
Responsibly trading fuel and energy products around the world
A GLOBAL ENERGY COMPANY
0
k MT Gasoline Traded
0
k MT Bitumen Traded
0
k MT Crude Traded
0
k MT Middle Distillates Traded
All information correct for FY 2023
TRADING
Our Energy Trading Business
We build strong relationships with suppliers and customers to trade fuel and other energy products safely and efficiently.
We support the global energy system by responsibly trading energy. By prioritising long-term relationships with suppliers and customers we add value across the supply chain.
Our trading business primarily focuses on crude oil and its derivatives as well as transition fuels such as liquefied petroleum gas (LPG) and biofuels. Our activity revolves around buying, transporting, storing, blending, selling and delivering to end users around the world.
Our strategically located trading offices in London, Dubai, Singapore, Houston, Geneva and Brussels serve as a network for national oil organisations, major oil corporations, independent trading companies and refineries around the world.
Whether through spot purchases or through term contracts we get the right energy products to the right customers reliably and efficiently.
Trading
Our Traded Products
We trade all components of the barrel as well as specialized oil products and gas.
BB Energy trades a wide range of crude oil grades from different geographic regions.
Our crude trading business is growing as we focus on new grades and expansion into new regions. We source crude from North, West and East Africa with good volumes coming from the US.
Key destinations include the Far East and the European Mediterranean and we are increasingly active in the US.
BB Energy is a leading player in the global Middle Distillates market.
Our global book of middle distillates is made up of a wide range of products including Gasoil, Diesel and Jet Fuel.
Apart from our core presence in the EMEA region, we have a activities around much of the world particularly in the Americas and Far East, with exciting opportunities opening up in Africa.
The Group has consolidated its trading business in Europe while further growth came from South America and the Indian subcontinent. Our arbitrage and logistical capabilities ensure consistent and timely fulfilment of our customer’s requirements.
We act as swing suppliers of gasoline into the African and Mediterranean markets. In a competitive market, we also maintaining our market share by leveraging synergies with our downstream networks: SP Rwanda, SP Morocco and Hypco Turkey.
The Group is also active in the northwest European market where we have storage and blending operations. More recently, arbitrage volumes across the transatlantic have grown with additional new markets emerging in the Caribbean region.
We trade naptha across all regions with activity focused on cross-regional arbitrage to meet growth in demand coming from the Far East. We work closely with petrochemical plants and gasoline blenders in all regions.
BB Energy has been a leading fuel oil trader since 1972, where we have a well established presence in the Mediterranean. More recently trading opportunities have expanded across Africa, the Americas and Indian sub-continent through term supplies.
The recent expansion of our Belgium office has opened up opportunities in north west Europe and to the shipping industry through the ports of Amsterdam, Rotterdam and Antwerp.
The Group started trading LPG in 2015 and we have now expanded our foothold in LPG around the world including Bangladesh, the US Gulf Coast, the Far East and Mediterranean markets.
We are one of the leading LPG suppliers to Bangladesh, supplying Omera Petroleum Ltd. (“OPL”) and other domestic LPG players. OPL is the largest integrated LPG terminal, bottling, and distribution facility in Bangladesh, which the Group invested in together with a local partner and an international development institution.
In 2016, we established an LNG trading desk to develop this new product line by hiring dedicated personnel. In more recent years the Group has taken a selective view on LNG trades.
Base Oils are used to manufacture products including lubricating greases, motor oil, waxes and metal processing fluids.
Through its 100 percent owned Geneva based subsidiary, Feedco S.A, BB Energy is an established player in this sector, where expertise is particularly important. We have access to all major base oil producers, refineries and distributors on a worldwide basis which ensures we can meet all requirements for any sort of base oil.
BB Energy is a growing player in the global bitumen industry through our 3B Group subsidiary. To help meet our bitumen clients’ needs we are continuing to develop our four specialised bitumen subsidiaries: 3B Trading, 3B Shipping, Bitubulk and Maris Petrokimya.
Today 3B Group has become a major independent player in the trading, transportation, and distribution of bitumen in the Mediterranean, Arabian Gulf, Europe, Asia, and Africa.
Our bitumen products can be supplied by specialised chartered tankers, ISO containers, steel drums and polymer bags of different weight capacities.
BB Energy Asia, BB Energy Trading UK and BB Energy Belgium now have International Sustainability and Carbon Certification (ISCC), a voluntary certification scheme that is applicable to the bioeconomy and circular economy for bio-based products. We aim to increase our traded volumes in this sector given the projected growth in demand for biofuels.
We continually strive to identify opportunities and relationships that complement our core business offerings. This can typically be condensate, and small quantities of specialised oil products.
“At BB Energy, we’re not just trading energy; we’re driving global progress by responsibly providing safe, reliable access to energy that empowers people, communities and businesses.”
Mohamed Bassatne
Chief Executive Officer
Latest News
News
BB Energy USA Announces New Managing Director and Regional Head of Trading
BB Energy USA is pleased to announce the appointment of Joe Garcia as the new Managing Director USA and Regional Head of Trading (Crude and Fuel Oil).
Read more
2 September 2024
News
BB Energy Foundation launches with USD 1 million pledge to invest in women and children
The BB Energy Foundation launched today with the goal of transforming the lives of women and children through strategic investments in education, health, and wellbeing.
Read more
20 August 2024
Case Studies
Quantifying BB Energy’s Greenhouse Gas Footprint
Our purpose is to empower people, communities and businesses by responsibly trading traditional, transitional and renewable energy. This case study explains the methodology we use to calculate our GHG emissions.
Read more
19 August 2024