BANDAR SERI BEGAWAN, BRUNEI – April 29, 2026 – Brunei Energy Services & Trading (BEST) and Glencore have officially entered into a strategic collaboration agreement for 2026, marking a pivotal shift in BEST’s strategy and elevating the company’s presence within the global trading landscape. The agreement establishes a robust framework for trading both Bruneian and international crude grades, effectively expanding BEST’s operational footprint beyond national borders while fostering deeper cooperation in logistical sectors such as shipping and petroleum product optimizations.
This partnership is designed to drive global portfolio diversification by incorporating non-Bruneian crude into BEST’s trading activities and creating a path for strategic entry into emerging energy markets. By leveraging Glencore’s extensive global reach, the collaboration aims to enhance Brunei’s value-driven approach to energy trading and set a new benchmark for the nation’s international commercial partnerships.
“This is more than a commercial agreement; it is a strategic platform for growth.” said Yang Mulia Hajah Sharidatul Maryani Binti Hj Md Saidin, CEO of BEST. She further noted that by incorporating non-Bruneian crude grades into their portfolio, the organization is positioning BEST as a globally competitive national asset. This transition aligns with the company’s aspiration for economic diversification and reinforces BEST’s standing to be a world-class energy trading entity.
Quek Chin Thean, Managing Director of Glencore Singapore, said: “We are pleased to partner with BEST. This collaboration reflects our confidence in BEST’s growing capabilities and strategic vision. We look forward to unlock value across both Bruneian and international energy streams.”
This milestone underscores BEST’s commitment to a proactive energy strategy that maximizes economic returns through high-level international cooperation.
About Brunei Energy Services & Trading (BEST)
Brunei Energy Services & Trading is a government-linked company dedicated to the management and trading of Brunei’s energy resources. Guided by the company’s core values of Dynamic Teamwork, Resilience, Integrity & Accountability, Visionary and Excellence (DRIVE), BEST is building its reputation as a globally competitive trading company focused on maximizing economic returns for the Sultanate.
About Glencore
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities. Through a network of assets, customers and suppliers that spans the globe, the company produce, process, recycle, source, market and distribute the commodities that advance everyday life.
