PetroBangla (Bangladesh Oil, Gas & Mineral Corporation; Bengali: পেট্রোবাংলা) is a government-owned national gas companyofBangladesh.[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]
Seal of Petrobangla
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Petrobangla Building
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| 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 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]
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