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Bangladesh Petroleum Corporation [1] 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.
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 ...
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]
In May 2018, IOCL became India's most profitable government corporation for the second consecutive year, with a record profit of ₹21,346 crores in 2017–18. [16] In February 2020, the company signed a deal with the Russian oil company Rosneft to buy 140,000 barrels per day of crude in year 2020. [17]
pocl.gov.bd The Padma Oil Company Limited ( Bengali : পদ্মা অয়েল কোম্পানী লিমিটেড ) formerly known as Burmah Eastern Limited , is a subsidiary of Bangladesh Petroleum Corporation (BPC), a statutory organization of the government under the Ministry of Power, Energy, and Mineral Resources.
Petrobangla is the principal energy company in Bangladesh. Its subsidiary, the Bangladesh Petroleum Exploration Company (BAPEX), is responsible for exploration activities. International oil companies must sell natural gas to Petrobangla at a government-determined price and are restricted in their ability to sell natural gas to customers ...
This is a list of notable oil and gas companies of Bangladesh This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by adding missing items with reliable sources .
[2] [10] [11] It became the official distributor of Visco 3000 in Bangladesh. [12] In August 2019, Meghna Petroleum Limited signed an agreement with BM Energy (BD) Limited to sell their LPG at Meghna owned gas stations. [13]