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It is one of three major petroleum corporations owned by the Government of Bangladesh along with Padma Oil Company and Jamuna Oil Company. History. Meghna Petroleum Limited was established on 27 December 1977 through the acquisition of the assess of Meghna Petroleum Marketing Company Limited and Padma Petroleum Limited.
After the Independence of Bangladesh in 1972, Esso left the company and their shares were taken over by the government of Bangladesh. The shares of Esso given to Bangladesh Petroleum Corporation, under the Ministry of Power, Energy and Mineral Resources, which now owns 50 per cent of Standard Asiatic Oil Company Limited.
Bangladesh is the sixteenth-largest producer of natural gas in Asia. [1] Gas supplies meet 56% of domestic energy demand. [2] However, the country faces an acute energy crisis in meeting the demands of its vast and growing population. Bangladesh is a net importer of crude oil and petroleum products. [2]
History. Founded in 1976 by Presidential Ordinance to import and distribute crude oil, fuel, lubricating oil, and petroleum products in Bangladesh. [1] It is managed by the Ministry of Power, Energy and Mineral Resources. [2] Bangladesh Petroleum Corporation had an annual import level of as much as 29 million barrels as of 2009. [3]
PetroBangla (Bangladesh Oil, Gas & Mineral Corporation; Bengali: পেট্রোবাংলা) is a government-owned national gas company of Bangladesh. It has ...
Jamuna Oil Company Ltd ( JOCL) (estd. as Pakistan National Oil in 1964; renamed as Bangladesh National Oil in 1972) ( DSE: JOCL Archived 2020-01-18 at the Wayback Machine) is a subsidiary of the Bangladesh Petroleum Corporation that nationally markets octane, petrol, diesel, kerosene, furnace oil, bitumen and lubricants in Bangladesh.
Eastern Refinery Limited, or ERL, is a state-owned oil refinery in Bangladesh. ERL, a subsidiary of Bangladesh Petroleum Corporation, plays a vital role in supplying around 40% of country's current petroleum products demand and thus maintains stability in petroleum, oil and lubricants (POL) products market of the country.
The 2014 Sundarbans oil spill was an oil spill that occurred on 9 December 2014 at the Shela River in Sundarbans, Bangladesh, a UNESCO World Heritage Site. The spill occurred when an oil-tanker named Southern Star VII, carrying 350,000 litres (77,000 imp gal; 92,000 US gal) of furnace oil, was in collision with a cargo vessel and sank in the river.