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Gear oil is a lubricant made specifically for transmissions, transfer cases, and differentials in automobiles, trucks, and other machinery. It has high viscosity and ...
In 2015, Eastern Lubricants Blenders Limited became the official distributors of GS Yuasa International, a Japanese company, in Bangladesh. [12] Eastern Lubricants Blenders Limited signed an agreement in July 2019 to sell bitumen to Bangladesh Petroleum Corporation. [13] The company's profit increased in 2021 due to a decline in global oil ...
In 1966, Castrol was acquired by company Burmah Oil, which was renamed "Burmah-Castrol". Burmah-Castrol was purchased by London-based multinational BP (then, "BP Amoco plc") in 2000. [5] At the time of purchase, Burmah-Castrol had a turnover of nearly £3 billion with operating profits of £284 million.
Eastern Refinery Limited, or ERL, is a state-owned oil refinery in Bangladesh.ERL, a subsidiary of Bangladesh Petroleum Corporation, supplies around 40% of country's current petroleum products demand and thus maintains stability in petroleum, oil and lubricants (POL) products market of the country.
After the Independence of Bangladesh in 1972, Esso left the company and their shares were taken over by the government of Bangladesh. [3] 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 Petroleum Corporation deposited 50 billion taka to the national treasury. [9] Bangladesh Petroleum Corporation decided to use private oil tanks to store oil as its own tanks were near full capacity in 2020. [10] This was the result of a 60 percent decline in sales following the lockdown during the COVID-19 pandemic in Bangladesh. [10]
Padma Oil Company Limited (POCL) is the largest and oldest oil company in Bangladesh, with its ancestor companies dating back to British-India's colonial period. Its ancestral enterprise, Burmah Oil Company, formerly Rangoon Oil Company in the British Empire, was established in the middle of the nineteenth century. In 1874, the Rangoon Oil ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...