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About Us:

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.LXLX 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.

Functions of BPC
- to acquire, import crude petroleum and other refined petroleum products;
- to refine crude petroleum and manufacture of various 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 farm 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.

BPC has 7 (Seven) subsidiary companies of which there are 3 (three) Oil Marketing Companies, 1 (one) Refinery, 1 (one) LP Gas Plant and 2 (two) Lube Blending Plants. Company-wise share of BPC are as under:


 Name of subsidiaries  Capital (Tk. in crore )  Ownership
Authorized Paid-up
 Refinery

 1. (a) Eastern Refinery Limited (ERL)
           erl.gov.bd

500.00 33.00

100% BPC

 Oil Marketing Companies
 2. Padma Oil Company  Limited(POCL)
     pocl.gov.bd
100.00 29.40

50.35% BPC
49.65% Other

 3. Jamuna Oil Company Limited (JOCL)
     jamunaoil.gov.bd
300.00 45.00 70% BPC
30% Others
4. Meghna Petroleum Lmimite (MPL)
      mpl.gov.bd
400.00 40.00 100% BPC
30% Others
 5. LP Gas Limited (LPG) 50.00 10.00 100% BPC
 Lube Blending Plants

 6. Eastern Lubricants Blenders Limited (ELBL)

1.00 0.99

59.32% BPC
40.68% Others

 7.Standard Asiatic Oil Company Limited (SAOCL)
saocl.com

0.50 0.50

50%  BPC
50%  Private