The Company s business is marketing refined Petroleum Oil, Lubricants, L.P.Gas and Bitumen.
The Company s Vision:
Efficient and fair marketing of fuel oil.
The Company s Mission:
Evolving into the country s leading oil marketing company through development of energy infrastructure, automation of management systems, good governance and efficient human resource management.
History:
1964:The Company was incorporated in 1964 under name Pakistan National Oil Limited (PNOL)), the maiden National Oil Company of Pakistan was established as a Private Limited Company.
1971:The Company started functioning with an authorized capital of Tk.2.00 crore. After the Independence of Bangladesh in 1971, the Government of People s Republic of Bangladesh acquired the assets and liabilities of Pakistan National Oil Limited by virtue of Bangladesh Abandoned Property (Control, Management Disposal) Order, 1972 (P. O. No. 16 of 1972) and the Company was renamed as Bangladesh National Oil Limited.
1973:The Company has been finally renamed as Jamuna Oil Company Limited (JOCL) by the Government on 13 January, 1973 registered as a Private Limited Company on 12th May, 1975 under the Companies Act, 1913 (amended in 1994).
1976 : in the year 1976 the assets and liabilities of the Company were transferred handed over to Bangladesh Petroleum Corporation (BPC) as per schedule stated in clause 31(c) of BPC Ordinance No. LXXXVIII (published in Bangladesh Gazette extra ordinary on 13 November, 1976). Since then Jamuna Oil Company Limited has been functioning as a Subsidiary of BPC.
1977:It has been functioning as a subsidiary of Bangladesh Petroleum Corporation (BPC) since 1977.
1986:On 1 January, 1986 all assets and liabilities of Indo-Burmah Petroleum Company Limited (IBPCL) were transferred to the Company
2007: As per decision taken by Government BPC, the Company was converted into a Public Limited Company on 25th June, 2007.
2008:The Company was listed on Dhaka Stock Exchange and on Chittagong Stock Exchange in January 9, 2008.
Headquarters
Jamuna Bhaban Agrabad Commercial Area, Po Box 694
Chittagong; Chittagong;
Contact Details: Purchase the Jamuna Oil Co. Ltd report to view the information.
Website: http://www.jamunaoil.gov.bd
EMIS company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets.
Request a demo of the EMIS serviceTo view more information, Request a demonstration of the EMIS service