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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.
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]
Indian Oil Corporation Limited (IOCL or IOC), trading as IndianOil, is an Indian multinational [3] [4] oil and gas company under the ownership of Government of India and administrative control of the Ministry of Petroleum and Natural Gas. It is a public sector undertaking which is registered in Mumbai but headquartered in New Delhi. [5]
As per terms of the transfer of BOC's whole share to BPC, Burmah Eastern Limited was required to change its name to Padma Oil Company Limited after the Padma River in 1988. Today, the company is one of the largest distributors of petroleum products in Bangladesh and is listed on the Dhaka Stock Exchange and the Chittagong Stock Exchange. [2]
The Bangladesh Petroleum Corporation is the state-owned holding company which regulates the market for petroleum products through its subsidiaries: the Jamuna Oil Company which is the country's largest distributor and was established in 1964 as Pakistan National Oil Limited; the Padma Oil Company which was formerly known as Burmah Eastern ...
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 ...
Eastern Refinery Limited, or ERL, is a state-owned oil refinery in Bangladesh. ERL, a subsidiary of Bangladesh Petroleum Corporation , supplies around 40% of the country's current petroleum products demand and thus maintains stability in the 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. [3] [4]