Jamuna Oil Company

Last updated
Jamuna Oil Company LTD (JOCL)
Company type Public
DSE:  JAMUNAOIL
Industry Petroleum
Founded1964
Headquarters Chittagong, Bangladesh
Area served
National
Products Oil
Petrol
Octane
Diesel
Kerosene
RevenueIncrease2.svg BDT 489.4 million (2011)
Increase2.svg BDT 179.3 million (2011)
Increase2.svg BDT 128.7 million (2011)
Number of employees
591 (2005)
Website jamunaoil.gov.bd

Jamuna Oil Company Ltd (JOCL) (estd. as Pakistan National Oil in 1964; renamed as Bangladesh National Oil in 1972) (DSE:JOCL Archived 2020-01-18 at the Wayback Machine ) is a subsidiary of the Bangladesh Petroleum Corporation that nationally markets octane, petrol, diesel, kerosene, furnace oil, bitumen and lubricants in Bangladesh. In 1975, it was renamed Jamuna Oil Company (JOCL) after the river Jamuna. It is headquartered in Chittagong, Bangladesh. [1]

Contents

Organization and structure

Jamuna Oil is managed by a Board of Directors, a team of 6 executives, all of them are nominated by the Government of Bangladesh. [2]

The board is responsible for over all decisions and top policy making body of the company. Managing Director, the Chief Executive of the company is appointed by Bangladesh Petroleum Corporation in addition to approval by the Government.

In recent times, the board has added 2 more directors who are all nominated by the National Government.

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References

  1. "Energy Sector Description". Archived from the original on 2011-07-06. Retrieved 2011-02-06.
  2. "Management". Archived from the original on 2011-03-09. Retrieved 2011-02-06.