Kuwait and Bahrain Set Up Fuel Trading Arms After Boosting Refining Capacity

The state energy companies of Middle Eastern oil producers Kuwait and Bahrain are setting up fuel trading arms to sell the higher volumes of diesel and jet fuel they are producing thanks to expanded refining capacity. Kuwait Petroleum Corporation (KPC) and Bahrain’s Bapco Energies plan to raise overseas fuel sales and launch trading activities in Dubai by early 2025, company officials said at an energy conference in Fujairah in the United Arab Emirates (UAE), Bloomberg reports. Bahrain’s Bapco Energies plans to use its trading arm to…