| Eastern Refinery Limited | |
| Altitude: | 120NaN0 |
| Building Type: | Oil refinery |
| Location: | North Patenga, Chittagong, Bangladesh |
| Owner: | Bangladesh Petroleum Corporation[1] |
| Coordinates: | 22.2672°N 91.801°W |
| Completion Date: | 1963 |
Eastern Refinery Limited, or ERL, is a state-owned oil refinery in Bangladesh. ERL, a subsidiary of Bangladesh Petroleum Corporation, supplies around 40% of country's current petroleum products demand and thus maintains stability in petroleum, oil and lubricants (POL) products market of the country. ERL sometimes becomes the only fall back system available, to avoid products crisis in the face of disruption of products' import.
ERL as a profitable company in the public sector contributes substantially to the national exchequer in the form of dividend, taxes, VAT etc.
Eastern Refinery was incorporated under the Indian Companies Act 1913 as a public limited company in 1963[2] with 35% EPIDC's(East Pakistan Industrial Development Corporation) shares, 30% shares held by Burmah Oil Company and the rest 35% by private entrepreneurs. From November, 1985, Bangladesh Petroleum Corporation (BPC) became the 100% share holder of the company.
Refinery went on-stream with three processing units:[3]
New process units added to original configuration: