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Bangladesh Petroleum Corporation
Introduction
A statutory organization of the Government
under the Ministry of Energy & Mineral Resources Division engaged to
supervise, co-ordinate and control all the activities relating to
import, store, marketing, distribution of petroleum products in the country
and to develop/ establish infrastructure facilities to deal in POL.
Establishment
Bangladesh Petroleum Corporation (BPC) has been
established by the Bangladesh Petroleum Corporation Ordinance, 1976
(Ordinance No. LXXXVIII (88) of 1976). BPC is governed by The Bangladesh
Petroleum Act, 1974 (Act No. LXIX of 1974), Bangladesh Petroleum Corporation
Ordinance, 1976 and The Bangladesh Petroleum Corporation Rules, 1976 (S.R.O.
169-L/77 dated 1.6.77). It has started function on the 1st January,
1977.
Function of BPC
- to acquire, import
crude petroleum and other refined petroleum products;
- to refine crude
petroleum and manufacture of various grades of refined petroleum
products;
- to set up refineries
and ancillary facilities;
- to import
lubricating oil, both in the form of base stock, necessary additives
and other chemicals as well as finished products;
- to manufacture
blended lubricating products;
- to set up
lubricating plants including plants for recycling or revamping of used
lubricants;
- to process and set
up facilities for processing of refinery waste or residual
products;
- to plan and install
petroleum (crude and refined) storage facilities;
- to determine
allocation of petroleum products against the marketing companies;
- to procure inland
oil tankers;
- to establish and
expand petroleum marketing facilities;
- to export petroleum
and petroleum products;
- to act as managing
agents of, or to enter into any management or any other agreement or
contract with, any firm or company;
- to supervise,
co-ordinate and control the affairs of the enterprises;
- to discharge any
other function assigned or delegated to it by the Government from time
to time; and
- to do such other
acts and things as may be necessary for carrying out the purposes of
this Ordinance.
Subsidiaries of BPC
BPC has 7 Subsidiary Companies, of which there
are 3 Oil Marketing Companies, 1 Refinery, 1 LP Gas Plant and 2 Lube Blending
Plant. Company wise share of BPC are as under
( 1 Crore = 10 Million = 100 Lac)
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Company
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Capital (in crore)
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Ownership
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Authorized
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Paid-up
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Refinery
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1. (a) Eastern Refinery Limited (ERL)
(b) Asphaltic Bitumen Plant (ABP)
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500.00
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33.00
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100 % BPC
100 % BPC
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Oil Marketing
Companies
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2. Padma Oil Company Limited (POCL)
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10.00
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3.50
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50.35% BPC.
49.65% others
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3. Jamuna Oil Company Limited (JOCL)
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10.00
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5.00
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100% BPC
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4. Meghna Petroleum Limited (MPL)
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10.00
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5.00
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100% BPC
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LP Gas Bottling Plants
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5. LP Gas Limited (LPGL)
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10.00
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5.00
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100% BPC
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Lube Blending Plants
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6. Eastern Lubricants Blenders Limited
(ELBL)
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1.00
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0.99
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65.92% BPC.
38.08% others
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7. Standard Asiatic Oil Company Limited (SAOCL)
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0.50
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0.50
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50% BPC.
50% private.
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Demand of Petroleum
Products
In 1976-77 the sale of petroleum products
in the country was 11.14 lac MT which has increased to 34.03 lac MT in 2001.
From 1975-76 to 1980-81 the demand increased @ 6.28% per year. From 1980-81
to 1985-86 the demand increased @ 2.9% per year. The demand dropped by 4.06%
in 1990-91 from 1985-86, which is a fall of 0.81% per year. From 1990-91 to
1995-96 the demand increased @ 11.21% per year and @ 7.40% per year from
1995-96 to 2001-02. The sale of petroleum product from 1995-96 to 2000-01 are
as follows :
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Year
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Quantity in lac MT
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Growth in %
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1995-96
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24.84
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-
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1996-97
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28.34
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14.11
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1997-98
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29.08
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2.62
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1998-99
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30.03
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3.25
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1999-2000
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32.32
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7.62
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2000-2001
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34.03
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5.30
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