Petrobangla Explained

PetroBangla Bangladesh Oil, Gas & Mineral Corporation
Type:	Public
Foundation:	1972
Predecessor:	Bangladesh Mineral Oil and Gas Corporation
Location:	Kawran Bazar, Dhaka, Bangladesh
Area Served:	Bangladesh
Industry:	Oil and Gas Industry
Key People:	Abul Mansur Md Faizullah
Products:	Oil and gas Minerals
Revenue:	US$12.1 billion (2016)
Income Year:	US$200 million (2016)
Assets:	US$18.6 billion (2016)
Subsid:	BAPEX

PetroBangla (Bangladesh Oil, Gas & Mineral Corporation; Bengali: পেট্রোবাংলা) is a government-owned national gas company 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 and gas resources in Bangladesh.^[2]

History

PetroBangla was founded in 1985 by merging two government organizations, Bangladesh Oil & Gas Corporation (BOGC) and Bangladesh Mineral Development Corporation (BMEDC).^[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
• Karnaphuli Gas Distribution Company Limited
• Pashchimanchal Gas Company Limited
• Sundarban Gas Company Limited
• Titas Gas Transmission and Distribution Company Limited

Notes and References

1. Web site: Petrobangla. banglapedia.org.
2. Web site: Bangladesh: Gazprom in talks with Petrobangla to drill gas wells. Amarsys. energy-pedia.com.
3. Web site:

   PETROBANGLA

   . petrobangla.org.bd. 1 August 2013. https://web.archive.org/web/20160809044211/http://www.petrobangla.org.bd/corp_history.php. 9 August 2016. dead.
4. Web site: Petrobangla signs multiple LNG import agreements. September 25, 2017. eiu. December 4, 2020.
5. News: Qatargas delivers first Q-Flex LNG cargo to Petrobangla . Hellenic Shipping News . 2019-09-23 . 2019-09-24.
6. Web site: Gazprom and Petrobangla sign MOU. January 31, 2020. lngindustry. December 4, 2020.
7. Web site: Gazprom and Petrobangla sign Memorandum of Understanding. January 29, 2020. gazprom. December 10, 2020.
8. Web site: Nazmul Ahsan joins as new chairman of Petrobangla . 2022-06-20 . unb.com.bd . English.
9. Web site: Petrobangla gets new chairman. January 13, 2020. dhakatribune. December 10, 2020.
10. Web site: Abdul Fattah joins Petrobangla as new chairman. January 13, 2020. unb. December 10, 2020.
11. Web site: Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) . 2022-07-12 . www.petrobangla.org.bd . en.