PetroBangla (Bangladesh Oil, Gas & Mineral Corporation; bn, পেট্রোবাংলা) is a government-owned

national oil company A national oil company (NOC) is an oil and gas company fully or in the majority-owned by a national government. According to the World Bank, NOCs accounted for 75% global oil production and controlled 90% of proven oil reserves in 2010. Due to the ...

Bangladesh Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mo ...

. It explores, produces, transports, manages and sells

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbon d ...

and other mineral resources. It also concludes production sharing agreements with other international oil companies for exploration and development of oil and gas resources in Bangladesh.

History

PetroBangla was founded in 1985 by merging two government organization, Bangladesh Oil & Gas Corporation (BOGC) and Bangladesh Mineral Development Corporation (BMEDC). To import

liquefied natural gas Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the vol ...

, PetroBangla signed an agreement with

Gunvor Gunvor Group Ltd is a Cypriot-domiciled multinational commodity trading company registered in Cyprus, with its main trading office in Geneva, Switzerland. Gunvor also has trading offices in Singapore, the Bahamas, and Dubai, with a network of r ...

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

in 2018. In September 2019, Qatargas delivered the first cargo of

from a Q-Flex vessel to Petrobangla's Floating Storage and Regasification Unit off Bangladesh. In January 2020, PetroBangla and

Gazprom PJSC Gazprom ( rus, Газпром, , ɡɐzˈprom) is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. As of 2019, with sales over $120 billion, it was ranked as the large ...

signed a Memorandum of Understanding for strategic cooperation. The group's current Chairman is

Nazmul Ahsan Nazmul Ahsan is a Bangladesh Civil Servant and Secretary to the Ministry of Water Resources to the Bangladesh Government. Early life Ahsan completed his undergraduate and masters in physics from the University of Dhaka. Career Ahsan joined the ...

, appointed in December 2021 replacing

Abdul Fattah Abd al-Fattāḥ (ALA-LC romanization of ar, عبد الفتاح) is a Muslim male given name, and in modern usage, surname. It is built from the Arabic words '' ʻabd'' and ''al-Fattāḥ'', one of the names of God in the Qur'an, which give rise t ...

who became Chairman in January 2020.

Gas distribution companies

Bakhrabad Gas Distribution Company Limited Bakhrabad Gas Distribution Company Limited is a government owned major gas company in Bangladesh. It is under Petrobangla and is headquartered in Chapapur, Comilla. History Bakhrabad Gas Distribution Company Limited was established on 7 June 198 ...

Jalalabad Gas Transmission and Distribution System Limited Jalalabad Gas Transmission and Distribution System Limited () is a Bangladeshi state-owned gas distribution company in the Sylhet Division. Nazmul Ahsan is a Bangladesh government owned natural gas distribution company in the Sylhet Division. I ...

Karnaphuli Gas Distribution Company Limited Karnaphuli Gas Distribution Company Limited () is a Bangladesh government owned major gas distribution company that is responsible for distributing gas in Chittagong District and the Chittagong Hill Tracts The Chittagong Hill Tracts ( bn, ...

Pashchimanchal Gas Company Limited Pashchimanchal Gas Company Limited () is a Bangladesh government owned natural gas company responsible for supplying natural gas in the North-western part of Bangladesh. History Pashchimanchal Gas Company Limited was established on 29 November ...

Sundarban Gas Company Limited Sundarban Gas Company Limited () is a Bangladesh government owned gas company under Petrobanglaresponsible for distributing gas in South-Western region of Bangladesh. History Sundarban Gas Company Limited was established on 23 November 2009 u ...

Titas Gas Transmission and Distribution Company Limited The Titas Gas Transmission and Distribution Company ( bn, তিতাস গ্যাস ''Titas Gas'') is the natural gas distributor in Bangladesh, with an 80% market share. As of 2020, they employed 2,100 staff and served 2.8 million domesti ...

References

External links

* Oil and gas companies of Bangladesh

Government-owned companies of Bangladesh Non-renewable resource companies established in 1972 Mining in Bangladesh Energy companies established in 1972 Bangladeshi companies established in 1972 Bangladeshi companies established in 1985 {{petroleum-company-stub