Petrobangla
National Gas corporation of Bangladesh
From Wikipedia, the free encyclopedia
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 the exploration and development of oil, gas and mineral resources in Bangladesh.[2]
Seal of Petrobangla | |
 Petrobangla Building | |
| 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 |  $ 112.1 billion (2016) |
| ($ 900 million (2016)) | |
| Total assets | $ 118.6 billion (2016) |
| Subsidiaries | BAPEX |
| Website | www |
History
Petrobangla was established in 1974 (under Ordinance-21, dated 11 April 1985) through the merger of two government organizations — the Bangladesh Oil & Gas Corporation (BOGC) and the Bangladesh Mineral Exploration and Development Corporation (BMEDC) — forming the 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 Russia's Gazprom signed a Memorandum of Understanding for strategic cooperation.[6][7]
The group's current chairman is Md Abdul Mannan.[8] A previous chairman was Nazmul Ahsan, appointed in December 2021,[9] replacing Abdul Fattah who was appointed in January 2020.[10][11]
