Petrobangla

Bangladesh Oil, Gas & Mineral Corporation (Petrobangla)

Seal of Petrobangla
Petrobangla Building
Company type	Public
Industry	Oil, Gas and mineral exploration and distribution Industry
Predecessor	Bangladesh Oil, Gas and Mineral Corporation
Founded	26-march,1972
Headquarters	Kawran Bazar, Dhaka, Bangladesh
Area served	Bangladesh
Key people	Abul Mansur Md Faizullah
Products	Oil and gas Minerals
Revenue	US$112.1 billion (2016)
Operating income	(US$900 million (2016))
Total assets	US$118.6 billion (2016)
Subsidiaries	BAPEX
Website	www.petrobangla.org.bd

Bangladesh Oil, Gas & Mineral Corporation (Petrobangla; Bengali: পেট্রোবাংলা) is a government-owned oil, gas and mineral exploration and distribution corporation of Bangladesh.[1] It has the mandate to explore, produce, transport, manage and sell oil, natural gas and other mineral resources. It also concludes production-sharing agreements with international oil companies for exploration and development of oil, gas and mineral resources in Bangladesh.[2]

History

Victory Day celebration by PetroBangla

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] To import liquefied natural gas, Petrobangla signed an agreement with Gunvor Singapore in 2018.[4] In September 2019, QatarEnergy LNG delivered the first cargo of liquefied natural gas from a Q-Flex vessel to Petrobangla's Floating Storage and Regasification Unit off Bangladesh.[5] In January 2020, PetroBangla and Gazprom signed a Memorandum of Understanding for strategic cooperation.[6][7]

The group's current Chairman, Nazmul Ahsan, was appointed in December 2021[8] replacing Abdul Fattah who had become chairman in January 2020.[9][10]

Gas distribution companies

• Bakhrabad Gas Distribution Company Limited[11]
• Jalalabad Gas Transmission and Distribution System Limited[11]
• Karnaphuli Gas Distribution Company Limited[11]
• Pashchimanchal Gas Company Limited[11]
• Sundarban Gas Company Limited[11]
• Titas Gas Transmission and Distribution Company Limited[11]

References

1. "Petrobangla". banglapedia.org.
2. Amarsys. "Bangladesh: Gazprom in talks with Petrobangla to drill gas wells". energy-pedia.com.
3. ":: PETROBANGLA". petrobangla.org.bd. Archived from the original on 9 August 2016. Retrieved 1 August 2013.
4. "Petrobangla signs multiple LNG import agreements". eiu. 25 September 2017. Retrieved 4 December 2020.
5. "Qatargas delivers first Q-Flex LNG cargo to Petrobangla". Hellenic Shipping News. 23 September 2019. Retrieved 24 September 2019.
6. "Gazprom and Petrobangla sign MOU". lngindustry. 31 January 2020. Retrieved 4 December 2020.
7. "Gazprom and Petrobangla sign Memorandum of Understanding". gazprom. 29 January 2020. Retrieved 10 December 2020.
8. "Nazmul Ahsan joins as new chairman of Petrobangla". unb.com.bd. Retrieved 20 June 2022.
9. "Petrobangla gets new chairman". dhakatribune. 13 January 2020. Retrieved 10 December 2020.
10. "Abdul Fattah joins Petrobangla as new chairman". unb. 13 January 2020. Retrieved 10 December 2020.
11. "Bangladesh Oil, Gas & Mineral Corporation (Petrobangla)". www.petrobangla.org.bd. Retrieved 12 July 2022.

External links

• Official website