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Wednesday, 2 December 2020

Bangladesh Petroleum Corporation

 




Bangladesh Petroleum Corporation - BPC  is a rastrayatba the country's state-owned institution. It was established by Presidential Ordinance (No. 6, 13/11/1986) in 1986 for import of crude and refined fuel oil and lubricants, refining of crude fuel oil and distribution and marketing of fuel oil lubricants and other petroleum products. According to the Bangladesh Petroleum Act (1974), the power to produce, process, refine and market petroleum products in the country rests solely with the government.





Responsibility 





  1. Procurement and import of crude petroleum and other petroleum products
  2. Processing of crude petroleum and production of various quality petroleum products
  3. Establishment of Petroleum Refinery and related facilities
  4. Production of base stock and necessary additives and import of other chemicals including lubricants
  5. Production of lubricant oil through blending
  6. Reusable lubricants
  7. Establishment of necessary steps and infrastructure for processing of refinery residues
  8. Preparation and implementation of plans for storage of national petroleum products
  9. Collection and construction of intercontinental oil tankers
  10. Creation and expansion of necessary facilities for marketing of petroleum products
  11. To sign an agreement with any organization for import, storage, distribution and marketing of petroleum in the country or to represent as a management representative of any organization.
  12. Perform any other responsibilities as directed by the Government including coordinating and monitoring the activities of the institutions under BPC.





Agency 





Eight companies are operating under BPC: Eastern Refinery Limited (ERL), the only oil refinery in the country ; Three oil distribution and marketing companies namely- Padma Oil Company Limited , Jamuna Oil Company Limited and Meghna Oil Company Limited ; Two lubricant blending plants- Eastern Lubricant Blenders Limited and Standard Asiatic Oil Company Limited; An LPG bottling and distribution plant - LP Gas Limited and a bitumen manufacturing company - asphaltic bitumen plant.





Miscellaneous 





In addition to the responsibility of importing, refining and distributing fuel oil for the local market, BPC has taken initiatives to improve the quality of fuel oil in the recent past. Since July 1999, BPC has taken steps to import lead-free petrol oil and a small amount of sulfur-rich diesel oil for marketing in the country.

















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