Company type | Public |
---|---|
Industry | Oil and Gas Industry |
Predecessor | Bangladesh Mineral Oil and Gas Corporation |
Founded | 1972 |
Headquarters | Kawran Bazar, Dhaka, Bangladesh |
Area served | Bangladesh |
Key people | Abul Mansur Md Faizullah |
Products | Oil and gas Minerals |
Revenue | US$12.1 billion (2016) |
(US$200 million (2016)) | |
Total assets | US$18.6 billion (2016) |
Subsidiaries | BAPEX |
Website | www |
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]
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]