Petredec and Bahri have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies, both leaders in their respective fields, will establish a dedicated joint commercial team, led by Bahri Oil and Petredec.
Building on nearly two decades of collaboration, this partnership represents a new chapter in the long-standing relationship between Petredec and Bahri. Bahri’s 40% shareholding in Petredec, combined with Petredec’s world-class LPG logistics and value chain platform, creates a strong foundation to meet increasing regional and global demand for LPG and ammonia transportation.
“This partnership is a natural progression, combining our respective strengths to meet Saudi Arabia’s growing LPG and ammonia shipping needs. I look forward to our extended collaboration with Bahri as it broadens its role within the LPG sector,” commented Giles Fearn, CEO, Petredec Group.
“By combining Bahri’s global expertise with Petredec’s renowned leadership in LPG and logistics platform, we aim to strengthen our presence in these critical markets,” remarked Eng. Ahmed Ali Al Subaey, CEO, Bahri.
