Standard Asiatic Oil Company Limited is a Bangladeshi government owned oil company under Bangladesh Petroleum Corporation.[1] The company sells several grade lubricant, bitumen, diesel oil, furnace Oil, and LP gas.[2]
History
Standard Asiatic Oil Company Limited was established in 1965 as a joint venture of Asiatic Industries Limited and Esso.[3]
After the Independence of Bangladesh in 1972, Esso left the company and their shares were taken over by the government of Bangladesh.[3] The shares of Esso given to Bangladesh Petroleum Corporation, under the Ministry of Power, Energy and Mineral Resources, which now owns 50 per cent of Standard Asiatic Oil Company Limited.[3][4]
Only Standard Asiatic Oil and Eastern Refinery Limited store oil condensate in Bangladesh.[5]
References
- Fuel sales jumped just before price hike The Daily Star, 2021-11-07, retrieved 2022-11-30^
- Company Profile saocl.gov.bd, retrieved 2022-11-30^
- Background saocl.gov.bd, retrieved 2022-11-30^
- BPC records up to 50% spike in oil sales just before hike of prices The Daily Star, 2021-11-06, retrieved 2022-11-30^
- Pvt refineries to get condensate on condition of clean energy The Business Standard, 2021-08-28, retrieved 2022-11-30^