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Petrobangla was founded in 1985(Notification of Ordinance-21 in 11-April,1985) by merging two government organizations Bangladesh Oil & Gas Corporation (BOGC) and Bangladesh Mineral Exploration and Development Corporation (BMEDC) into Bangladesh Oil, Gas and Mineral Corporation(BOGMC). [3]
Gas Transmission Company Limited was established on 14 December 1993 under the Companies Act of 1993, as a public limited company with an authorized capital of Tk.100 billion of 100,00,000.00 shares of Tk.1000 each.
As of 2024, Bangladesh currently has 29 gas fields, with 20 of them in production. Petrobangla estimates that the proven reserves are at 28.79 trillion cubic feet (TCF). Out of which 20.33 TCF has been extracted until June 2023, leaving the reserve at 8.46 TCF. [17] The Bibiyana gas field in Habiganj District is the country's largest gas field.
Bakhrabad Gas Distribution Company Limited was established on 7 June 1980 as Bakhrabad Gas Systems Limited with the responsibility to operate Bakhrabad Gas Field.
Bangladesh Gas Fields Company Limited (Bengali: বাংলাদেশ গ্যাস ফিল্ডস কোম্পানী লিমিটেড), abbreviated as BGFCL, is a major gas fields company that the Bangladesh government owns through Petrobangla. [1]
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 .
Sylhet Gas Fields Limited traces its origins to gas fields in Haripur, Jaintapur Sylhet District discovered by Pakistan Petroleum in 1955. In 1960, the Sylhet gas fields starting producing gas to supply the Chhatak Cement Factory.
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