Bangladesh Hydrocarbon Unit

Last updated

Bangladesh Hydrocarbon Unit
হাইড্রো কার্বন ইউনিট
Formation1999
Headquarters Dhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Website www.hcu.org.bd

The Bangladesh Hydrocarbon Unit is a government agency in the Ministry of Power, Energy and Mineral Resources responsible for providing the government of Bangladesh technical recommendation on the extraction of hydrocarbon resources and is located in Dhaka, Bangladesh. [1] [2] [3] It carries out research on the gas and petroleum reserves of Bangladesh. [4]

History

The Bangladesh Hydrocarbon Unit traces its origin to a project called Strengthening of the Hydrocarbon Unit in the Ministry of Energy and Mineral Resources in July 1999. The project was financed by the government of Norway. The unit signed an agreement with the Norwegian Petroleum Directorate of the Ministry of Petroleum and Energy for technical assistance. The project ended in December 2005. From April 2006 the government of Bangladesh started the second phrase of the project. The second phrase was financed by a Norwegian Government grant and it was administered by the Asian Development Bank. The government made the project a permanent bureau of the ministry on 28 May 2008. [1] [5] It was awarded by Asian Development Bank as one of the performing projects. [6]

Related Research Articles

The Government Pension Fund of Norway comprises two entirely separate sovereign wealth funds owned by the government of Norway.

<span class="mw-page-title-main">Hydrocarbon exploration</span> Attempts to locate oil and gas

Hydrocarbon exploration is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth's crust using petroleum geology.

<span class="mw-page-title-main">Ministry of Petroleum (Iran)</span> Ministry of the Government of Iran

The Ministry of Petroleum (MOP) (Persian: وزارت نفت, romanized: Vezârat-e Naft) manages the oil industry, the producer of oil and petrochemical products. MoP is in charge of all issues pertaining to exploration, extraction, exploitation, distribution and exportation of crude oil and oil products. In addition, according to the "Imports and Exports Regulation Act", issuing import licenses for such products is also among the functions of the Ministry of Petroleum. The ministry has been placed under sanctions by the United States Department of State as of 2020.

<span class="mw-page-title-main">Energy in Uganda</span>

Burning of renewable resources provides approximately 90 percent of the energy in Uganda, though the government is attempting to become energy self-sufficient. While much of the hydroelectric potential of the country is untapped, the government decision to expedite the creation of domestic petroleum capacity coupled with the discovery of large petroleum reserves holds the promise of a significant change in Uganda's status as an energy-importing country.

<span class="mw-page-title-main">Bangladesh Petroleum Corporation</span> Bangladesh government agency for petroleum and oil products

Bangladesh Petroleum Corporation (BPC) is a government agency in Bangladesh to import, distribute and market oil and petroleum products. A. B. M. Azad is the chairperson of Bangladesh Petroleum Corporation.

<span class="mw-page-title-main">Energy in New Zealand</span>

Despite abundant natural resources and a relatively small population, New Zealand is a net importer of energy, in the form of petroleum products. The ratio of non-renewable and renewable energy sources was fairly consistent from 1975 to 2008, with about 70 per cent of primary energy supply coming from hydrocarbon fuels. This ratio decreased to about 60 per cent in 2018. The proportion of non-renewable energy varies annually, depending on water flows into hydro-electricity lakes and demand for energy. In 2018, approximately 60% of primary energy was from non-renewable hydrocarbon fuels and 40% was from renewable sources. In 2007 energy consumption per capita was 120 gigajoules. Per capita energy consumption had increased 8 per cent since 1998. New Zealand uses more energy per capita than 17 of 30 OECD countries. New Zealand is one of 13 OECD countries that does not operate nuclear power stations.

<span class="mw-page-title-main">Electricity sector in Bangladesh</span>

The utility electricity sector in Bangladesh has one national grid with an installed capacity of 25,700 MW as of June 2022. Bangladesh's energy sector is not up to the mark. However, per capita energy consumption in Bangladesh is considered higher than the production. Electricity was introduced to the country on 7 December 1901 under British rule.

The Directorate General of Hydrocarbon (DGH) is the Indian governmental regulatory body under the Ministry of Petroleum and Natural Gas.

The petroleum fiscal regime of a country is a set of laws, regulations and agreements which governs the economical benefits derived from petroleum exploration and production. The regime regulates transactions between the political entity and the legal entities involved. A commercial or legal entity in this context is commonly an oil company, and two or more companies may establish partnerships to share economic risks and investment capital.

Bangladesh suffers with heavy energy crisis with the gradual expansion of economic activities of the country. The estimations and reserves of energy resources show future potentials but a small fraction of them are being utilized which proved to be insufficient. Moreover, the impact of climate change and environment pollution has also been significantly felt. As a result, the successive governments have aimed at formulating an effective energy policy which would address these concerns. The energy policies have also received extensive criticisms especially on the questions of energy export and methods of extraction.

Bangladesh is the sixteenth-largest producer of natural gas in Asia. Gas supplies meet 56% of domestic energy demand. However, the country faces an acute energy crisis in meeting the demands of its vast and growing population. Bangladesh is a net importer of crude oil and petroleum products. The energy sector is dominated by state-owned companies, including Petrobangla and the Bangladesh Petroleum Corporation. Chevron, ConocoPhillips, Equinor, Gazprom and ONGC are major international companies engaged in Bangladesh's hydrocarbon industry, with Chevron's gas fields accounting for 50% of natural gas production.

The Ministry of Power, Energy and Mineral Resources or Ministry of Energy is a ministry of the Government of Bangladesh. It is mainly responsible for all policies and matters relating to electricity generation, transmission, and distribution from conventional and non-conventional energy sources including hydro electricity. It also deals with the Import, Distribution, Exploration, Extraction, Pricing, and other policy related details of the primary fuels.

<span class="mw-page-title-main">Ministry of Energy and Minerals (Somaliland)</span>

The Ministry of Energy and Minerals is one of the governmental bodies of Somaliland. The ministry has the function of developing and implementing policies related to electricity, minerals, petroleum and petroleum products, the current minister is Abdillahi Farah Abdi.

Coal mining in Bangladesh started with the discovery of the first coal mine in Jamalganj in 1962. Mining in Bangladesh consists mainly of coal, granite, natural gas, and petroleum mining.

<span class="mw-page-title-main">Government agencies in Bangladesh</span>

The Government agencies in Bangladesh are state controlled organizations that act independently to carry out the policies of the Government of Bangladesh. The Government Ministries are relatively small and merely policy-making organizations, allowed to control agencies by policy decisions. Some of the work of the government is carried out through state enterprises or limited companies.

<span class="mw-page-title-main">Federal Ministry of Petroleum Resources (Nigeria)</span>

The Federal Ministry of Petroleum Resources is a part of the Federal Ministries of Nigeria that directs petroleum resources and its activities in Nigeria. The President, Bola Tinubu is the current minister of petroleum.

Ashuganj Power Station Company Limited is a state owned power company in Bangladesh. The company is located in Paltan, Dhaka, Bangladesh. The company is under the authority of Bangladesh Power Development Board.

Gabriel Mbega Obiang Lima is an Equatorial Guinean politician. Nicknamed Gabi, he is the current Minister of Finance and former Minister of Mines and Hydrocarbons of Equatorial Guinea.

Sundarban Gas Company Limited is a Bangladesh government owned gas company under Petrobanglaresponsible for distributing gas in South-Western region of Bangladesh.

Khairuzzaman Mozumder is the incumbent Secretary at the Ministry of Finance of Bangladesh. Prior to join here, he was secretary of the fuel and mineral resources department.

References

  1. 1 2 "Hydrocarbon Unit, Energy and Mineral Resources Division". hcu.org.bd. Retrieved 25 December 2017.
  2. "Consultant considered, 'poor record' ignored". The Daily Star. 7 February 2010. Retrieved 25 December 2017.
  3. Huq, Nusrat Sharmin. "Energising the engine of growth". The Daily Star. Archived from the original on 26 December 2017. Retrieved 25 December 2017.
  4. "How long will gas last in Bangladesh ?". The Daily Star. Archived from the original on 26 December 2017. Retrieved 25 December 2017.
  5. "Economy upbeat: ICCB". The Daily Star. 3 May 2011. Retrieved 25 December 2017.
  6. "ADB awards best performing projects". The Daily Star. 1 February 2010. Retrieved 25 December 2017.