Eastern Refinery Limited or ERL is the sole country-owned

oil refinery An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, lique ...

Bangladesh Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...

. ERL, a subsidiary of

Bangladesh Petroleum Corporation 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. History Founded in 1976 by Presi ...

, plays a vital role in supplying around 40% of country's current

petroleum products 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. The m ...

demand and thus maintains stability in petroleum, oil and lubricants (POL) products market of the country. ERL sometimes becomes the only fall back system available, to avoid products crisis in the face of disruption of products'

import An import is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade. In international trade, the importation and exportation of goods are limited ...

. ERL as a profitable company in the

public sector The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, infra ...

contributes substantially to the national

exchequer In the civil service of the United Kingdom, His Majesty’s Exchequer, or just the Exchequer, is the accounting process of central government and the government's ''current account'' (i.e., money held from taxation and other government reven ...

in the form of

dividend A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-in ...

taxes A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or ...

VAT A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the en ...

etc.

History

Eastern Refinery was incorporated under Companies' Act 1913 as a

public limited company A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company ...

in 1963 with 35% EPIDC's( East Pakistan Industrial Development Corporation) shares, 30% shares held by

Burmah Oil Company The Burmah Oil Company was a leading British oil company which was once a constituent of the FTSE 100 Index. In 1966, Castrol was acquired by Burmah, which was renamed "Burmah-Castrol". BP Amoco (now BP) purchased the company in 2000. History ...

and the rest 35% by private entrepreneurs. From November, 1985, Bangladesh Petroleum Corporation (BPC) became the 100% share holder of the company.

Refining facilities

Refinery went on-stream with three processing units: # Crude

Distillation Distillation, or classical distillation, is the process of separation process, separating the components or substances from a liquid mixture by using selective boiling and condensation, usually inside an apparatus known as a still. Dry distilla ...

Unit #

Catalytic Reforming Catalytic reforming is a chemical process used to convert petroleum refinery naphthas distilled from crude oil (typically having low octane ratings) into high-octane liquid products called reformates, which are premium blending stocks for high-o ...

Unit #

Hydrodesulphurization Hydrodesulfurization (HDS) is a catalytic chemical process widely used to remove sulfur (S) from natural gas and from refined petroleum products, such as gasoline or petrol, jet fuel, kerosene, diesel fuel, and fuel oils. The purpose of remov ...

Unit New process units added to original configuration: # Asphaltic

Bitumen Asphalt, also known as bitumen (, ), is a sticky, black, highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product, and is classed as a pitch. Before the 20th century, the term a ...

Plant( Commissioned in December 1980) # Long Residue Visbreaker Unit (Commissioned in December 1994) # Mild Hydrocracker Unit (Hydrodesulphurization Unit revamped to MHC unit, commissioned in December 1994); # MHC unit Converted to NGC (

Natural Gas Condensate Natural-gas condensate, also called natural gas liquids, is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas produced from many natural gas fields. Some gas species within the raw natur ...

) unit, Commissioned in November 2007 by ERL Engineers

References

External links

Official siteBangladesh Petroleum Corporation official website
{{authority control Oil refineries in Bangladesh Government-owned companies of Bangladesh 1963 establishments in East Pakistan Organisations based in Chittagong Energy companies established in 1963

History

Refining facilities

See also

References

External links