Petrobangla


Bangladesh Oil, Gas & Mineral Corporation is a government-owned oil, gas and mineral exploration and distribution corporation of Bangladesh. 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 the exploration and development of oil, gas and mineral resources in Bangladesh.

History

Petrobangla was established in 1985 through the merger of two government organizations — the Bangladesh Oil & Gas Corporation and the Bangladesh Mineral Exploration and Development Corporation — forming the Bangladesh Oil, Gas and Mineral Corporation. To import liquefied natural gas, Petrobangla signed an agreement with Gunvor Singapore in 2018. 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. In January 2020, Petrobangla and Russia's Gazprom signed a Memorandum of Understanding for strategic cooperation.
The group's current Chairman is Md Rezanur Rahman. A previous chairman was Nazmul Ahsan, appointed in December 2021, replacing Abdul Fattah who was appointed in January 2020.

Gas distribution companies