| MJL Bangladesh PLC | |
| Native Name Lang: | bn |
| Type: | Public |
| Industry: | Fuel & Power |
| Founded: | in Dhaka, Bangladesh |
| Hq Location: | Mobil House, Gulshan Avenue |
| Hq Location City: | Dhaka |
| Hq Location Country: | Bangladesh |
| Area Served: | Bangladesh |
| Key People: | Azam J Chowdhury |
| Revenue: | US$250 million (2019) |
| Net Income: | US$14 million (2019) |
MJL Bangladesh PLC () (DSE: MJLBD,[1] CSE: MJLBD[2]) widely known as Mobil Bangladesh, formerly known as Mobil Jamuna Lubricants Limited, is a company that is jointly owned by Jamuna Oil Company, a subsidiary of government-owned Bangladesh Petroleum Corporation and EC Securities Limited, a subsidiary of East Coast Group.[3] Azam J Chowdhury is the Managing Director of the MJL Bangladesh Limited.[4] M. Mukul Hossain is the Chief Executive Officer of the company.[5] It markets products of ExxonMobil as the strategic alliance partner of the company in Bangladesh.[6] [7]
MJL Bangladesh Limited was established as Mobil Jamuna Lubricants Limited in 1998 by Jamuna Oil Company, a subsidiary of the state owned Bangladesh Petroleum Corporation and Mobil Corporation. The company was founded at the initiative of Mobil. In 2003, a Lube Oil Blending Plant was established by the company; which was the first lube oil factory in Bangladesh. The base oil to blend lubricant products in the factory comes directly from ExxonMobil.[8] ExxonMobil disinvested from the company in 2003 that made EC Securities Limited the largest shareholder of the company.[9]
In 2010, MJL Bangladesh Limited entered into the stock market by issuing IPO worth 4.60 billion taka on Dhaka Stock Exchange; setting a record for the second largest IPO in Bangladesh.[10]
In 2013, MJL Bangladesh Limited signed an agreement with AKT Petroleum Ltd to launch a joint venture in Myanmar to market Mobil branded lubricant's in the country. The company owns Omera LPG which sells liquefied petroleum gas for domestic consumption.[11] In 2017, the company gave 45 percent cash dividend to its shareholders. It's profit in 2017 was 1.9 billion taka.[12] In 2018 profits rose by 14 percent for the company.[13]
In 2020, sales of the company declined for the first time in three years.[14]
Omera Petroleum Limited is a subsidiary of MJL Bangladesh Limited. Omera Petroleum Limited manufactures and distributes liquefied petroleum gas (LPG) in Bangladesh. [15]
Omera Cylinders Limited manufactures cylinders and works as a backward integration company.
MJL & AKT Petroleum Company Limited is a joint venture between MJL Bangladesh Limited and AKT Petroleum Limited that markets Mobil lubricants in Myanmar.