BB Energy Gulf - MENA and CIS Region
BB Energy Asia - APAC Region
BB Energy Trading - Europe and Mediterranean Region
BB Energy USA - Central and South America Region
We conduct our business from strategically positioned offices located in:
We are physical traders, we:
Our physical trading activities cover key strategic geographical areas, serving as a network for national oil organisations, major oil corporations and independent trading companies and refineries.
We primarily trade Crude Oil and its full array of related products. However, we are also flexible enough to deal in more specialised offerings when the opportunity arises.
BBE has become more active in trading LNG and LPG worldwide and continues to supply Base Oil to selected markets.
We have spot and term purchase and supply con- tracts with all our key trading partners.
Over the last 50 years, BB Energy has built trust and established strong relationships with leading international banks specialising in trade finance. As of date, the Group enjoys total aggregate finance lines of US$ 3.4 billion.
The Group’s financing follows typical bilateral trade finance facilities which are secured, self-liquidating and revolving in nature.
BBE’s primary banks include most of the world’s major trade finance providers.
During 2021, we expanded the pool of banks with the addition of some new trade finance lines provided by large international financial institutions. For example, in October 2021, we launched a debut US$ 500m borrowing base facility in the US, using the KomGo platform - the first digital borrowing base in the USA, which positions BB Energy at the forefront of innovation and transparency in the trade finance sector.
We also successfully refinanced a syndicated Revolving Credit Facility (RCF) with a pool of international and core relationship banks for an amount of for US$ 210 million. This facility provides BBE with added flexibility in the management of its cash requirements for normal trading activities and relevant hedging.
BBE trading business employs approximately 300 professionals in trading across 11 offices world-wide and over 474 people including downstream. The Group has been able to achieve an exceptionally high retention rate of its personnel through the years.
Having worked in the Group for more than 20 years, the team at BBE’s trading and operations have gained extensive experience. Their knowledge and commitment play a vital role in the day-to-day support of our trading activities. This long-term commitment to BBE has prompted the strong sense of trust and respect within the Group.