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Petrobangla

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Bangladesh Oil, Gas & Mineral Corporation (Petrobangla)
Company typePublic
IndustryOil, Gas and mineral exploration and distribution Industry
PredecessorBangladesh Oil, Gas and Mineral Corporation
Founded26-march,1972
HeadquartersKawran Bazar, Dhaka, Bangladesh
Area served
Bangladesh
Key people
Abul Mansur Md Faizullah
ProductsOil and gas
Minerals
RevenueIncreaseUS$112.1 billion (2016)
 (US$900 million (2016))
Total assetsIncreaseUS$118.6 billion (2016)
SubsidiariesBAPEX
Websitewww.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

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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

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References

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  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. ^ a b c d e f "Bangladesh Oil, Gas & Mineral Corporation (Petrobangla)". www.petrobangla.org.bd. Retrieved 12 July 2022.
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