Jamuna Oil Company Explained

Jamuna Oil Company LTD (JOCL)
Type:	Public
Foundation:	1964
Location:	Chittagong, Bangladesh
Area Served:	National
Products:	Oil Petrol Octane Diesel Kerosene
Revenue:	BDT 489.4 million
Revenue Year:	2011
Operating Income:	BDT 179.3 million
Income Year:	2011
Net Income:	BDT 128.7 million
Net Income Year:	2011
Num Employees:	591
Num Employees Year:	2005

Jamuna Oil Company Ltd (JOCL) (estd. as Pakistan National Oil in 1964; renamed as Bangladesh National Oil in 1972) (DSE:JOCL) is a subsidiary of the Bangladesh Petroleum Corporation that nationally markets octane, petrol, diesel, kerosene, furnace oil, bitumen and lubricants in Bangladesh. In 1975, it was renamed Jamuna Oil Company (JOCL) after the river Jamuna. It is headquartered in Chittagong, Bangladesh.^[1]

Organization and structure

Jamuna Oil is managed by a Board of Directors, a team of 6 executives, all of them are nominated by the Government of Bangladesh.^[2]

The board is responsible for over all decisions and top policy making body of the company. Managing Director, the Chief Executive of the company is appointed by Bangladesh Petroleum Corporation in addition to approval by the Government.

The Chairman is the Joint Secretary of (Energy & Mineral Resources Division) at the Ministry of Power, Energy & Mineral Resource of the Government of Bangladesh.
The Managing Director is the top official and executive of Jamuna Oil Company, at Chittagong of the Government of Bangladesh.
The First Director is a member of (Tax Admn. & Director National Board of Revenue, at Dhaka) of the Government of Bangladesh.
The Second Director is the Joint Secretary of Ministry of Commerce, Dhaka, The Government of Bangladesh.
The Third Director is the Joint Secretary of Ministry of Finance, Dhaka, The Government of Bangladesh.
The Fourth Director is the Deputy Secretary of Ministry of Power, Energy & Mineral Resource, Dhaka, The Government of Bangladesh.

In recent times, the board has added 2 more directors who are all nominated by the National Government.

Web site: Energy Sector Description . 2011-02-06 . https://web.archive.org/web/20110706132121/http://www.energysector-bpi.org.bd/bpc/jamuna/jamhome.htm . 2011-07-06 . dead .
Web site: Management . 2011-02-06 . https://web.archive.org/web/20110309212243/http://www.jamunaoil.gov.bd/management.php . 2011-03-09 . dead .