Eastern Refinery Limited | |
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General information | |
Type | Oil refinery |
Location | North Patenga, Chittagong, Bangladesh |
Coordinates | 22°16′02″N91°48′04″E / 22.2672°N 91.8010°E |
Elevation | 12 m (39 ft) |
Completed | 1963 |
Owner | Bangladesh Petroleum Corporation [1] |
Eastern Refinery Limited, or ERL, is a state-owned oil refinery in Bangladesh. ERL, a subsidiary of Bangladesh Petroleum Corporation, supplies around 40% of the country's current petroleum products demand and thus maintains stability in the petroleum, oil, and lubricants (POL) products market of the country. ERL sometimes becomes the only fallback system available to avoid product crises in the face of disruption of products' imports. [2]
ERL, as a profitable company in the public sector, contributes substantially to the national exchequer in the form of dividend, taxes, VAT etc. [3]
Eastern Refinery was incorporated under the Indian Companies Act 1913 as a public limited company in 1963 [4] with 35% EPIDC's (East Pakistan Industrial Development Corporation) shares, 30% shares held by Burmah Oil Company and the rest 35% by private entrepreneurs. From November 1985, Bangladesh Petroleum Corporation (BPC) became the 100% share holder of the company. [3]
Refinery first went on-stream with three processing units: [5]
New process units added to the original configuration:
An oil refinery or petroleum refinery is an industrial process plant where petroleum is transformed and refined into products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha. Petrochemical feedstock like ethylene and propylene can also be produced directly by cracking crude oil without the need of using refined products of crude oil such as naphtha. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. In 2020, the total capacity of global refineries for crude oil was about 101.2 million barrels per day.
Petroleum products are materials derived from crude oil (petroleum) as it is processed in oil refineries. Unlike petrochemicals, which are a collection of well-defined usually pure organic compounds, petroleum products are complex mixtures. Most petroleum is converted into petroleum products, which include several classes of fuels.
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