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The Bangladesh Petroleum Corporation Ordinance, 1976

( Ordinance NO. LXXXVIII OF 1976 )

Functions of the Corporation
6. Subject to the provisions of the Petroleum Act, 1974 (LXIX of 1974), and this Ordinance, the functions of the Corporation shall be-
(a) to acquire, import crude petroleum and other refined petroleum products;
(b) to refine crude petroleum and manufacture of various grades of refined petroleum products;
(c) to set up refineries and ancillary facilities;
(d) to import lubricating oil, both in the form of base stock, necessary additives and other chemicals as well as finished products;
(e) to manufacture blended lubricating products; (f) to set up lubricating plants including plants for recycling or revamping of used lubricants;
(g) to process and set up facilities for processing of refinery waste or residual products;
(h) to plan and instal petroleum (crude and refined) storage facilities;
(i) to determine allocation of petroleum products against the marketing companies;
(j) to procure inland oil tankers;
(k) to establish and expand petroleum marketing facilities;
(l) to export petroleum and petroleum products; (m) to act as managing agents of, or to enter into any management or any other agreement or contract with, any firm or company;
(n) to supervise, co-ordinate and control the affairs of the enterprises;
(o) to discharge any other function assigned or delegated to it by the Government from time to time; and
(p) to do such other acts and things as may be necessary for carrying out the purposes of this Ordinance.

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