BPC
Why not to privatise fuel oil refinery
It seems that the government is creating a new threat of the quality and price of refined fuel oil being manipulated by permitting private companies to import and refine crude oil
Doorstep fuel delivery plan is fraught with risk
Even though the government has approved a guideline, experts point out concerns in carrying flammable items in such manner
Single point mooring project / BPC again seeks time, funds
The deadline for the “Installation of Single Point Mooring (SPM) with Double Line” project will be extended for the fourth time with the cost to be raised by around Tk 1,000 crore, or 15 percent, according to the Planning Commission.
Standard Asiatic Oil corruption: Eight employees siphon out Tk 21.64cr
Eight officials of Standard Asiatic Oil (SAOCL), a subsidiary of the Bangladesh Petroleum Corporation, have embezzled Tk 21.64 crore by showing advance cost and fake bill vouchers, found investigations by the Directorate of Power and Energy Audit and BPC.
Power, gas to get costlier
The prices of electricity, gas and diesel are set to increase one by one as the government pulls back the subsidies in keeping with the austerity measures.
A BPC concern robs state coffers of Tk 472.7cr
The government has been deprived of Tk 472.7 crore for 21 counts of irregularities by Standard Asiatic Oil Company, a subsidiary of the Bangladesh Petroleum Corporation, found an audit.
State coffers robbed of Tk 4,697cr by Petrobangla, BPC
The government has been deprived of about Tk 4,697 crore for 19 counts of irregularities by Petrobangla and Bangladesh Petroleum Corporation, found an audit.
BPC irregularities: JS committee stunned
There has been no external audit of the accounts of Bangladesh Petroleum Corporation over the last 10 years, the Parliamentary Standing Committee on Public Undertakings has found.
BPC plans to import discounted Russian diesel, jet fuel
Bangladesh Petroleum Corporation (BPC) is considering buying discounted diesel and jet fuel from Russia as it seeks relief from the elevated prices in the global market.
8th grader holds senior officer’s post at Standard Asiatic Oil Company
Shahidul Islam landed a job in Standard Asiatic Oil Company Limited (SAOCL), a partner company of state-run Bangladesh Petroleum Corporation (BPC), as a senior officer (maintenance) in 2015.
BPC for new oil pricing formula
Bangladesh Petroleum Corporation has put forward a proposal to the energy ministry to introduce an automated pricing formula to adjust petroleum prices against international prices on a monthly basis.
Is making profit BPC's only job?
For around 15 years, Bangladesh had to struggle with import of oil because the price continued to climb from just $25 in1998 a barrel to $145 in 2008. The country's oil importing agency Bangladesh Petroleum Corporation (BPC) counted staggering losses from 1999 till mid 2014.
Price cut not on govt's mind
Bangladesh Petroleum Corporation this year is expected to log in twice the profit it counted in fiscal 2014-15 on the back of the low oil price on the international market. The benefits of this low price, however, are yet to trickle down to the consumers.