jocl type public dse jocl industry petroleum founded 1964 headquarters chittagong bangladesh area served national products oil petrol octane diesel kerosene revenue bdt 489.4 million 2011 operating income bdt 179.3 million 2011 net income 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 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 1 history 2 organization and structure 3 operations 4 references 5 external links history edit in 1964 pakistan national oil limited pnol the maiden national oil company of the then pakistan was established as a private limited company . the company started functioning with an authorized capital of tk .2.00 crore . after the independence of bangladesh in 1971 the government of the peoples republic of bangladesh acquired the assets and liabilities of pakistan national oil limited by virtue of bangladesh abandoned property control management & disposal order 1972 p. o. no. 16 of 1972 and the company was renamed as bangladesh national oil limited . the company has been finally renamed as jamuna oil company limited jocl by the government on 13 january 1973 . at that time the company was operated by an adhoc committee called oil companies advisory committee ocac under petrobangla constitute by the notification no. 21 m 4 76 nr dated 21 4 73 m o. natural resources . jamuna oil company limited was registered with the registrar of joint stock companies & firms as fully government owned private limited company on 12 march 1975 under companies act 1913 with authorized capital of tk . 10.00 crore and paid up capital of tk . 5.00 crore . subsequently in the year 1976 the assets and liabilities of the company were transferred & handed over to bangladesh petroleum corporation bpc as per schedule stated in clause 31 c of bpc ordinance no . lxxxviii published in bangladesh gazette extra ordinary on 13 november 1976 . since then jamuna oil company limited has been functioning as a subsidiary of bpc . on 1 january 1986 all assets and liabilities of indo burmah petroleum company limited ibpcl were transferred to the company . in 2005 2006 fy the paid up capital of the company was increased to tk . 10.00 crore from tk . 5.00 crore by issuing of bonus share out of its profit . the company was converted into a public limited company from a private limited company on 25 june 2007 and its authorized capital was increased to tk . 300.00 crore . on 10 august 2007 the paid up capital of the company was increased to tk .45.00 crore by issuing bonus share of tk . 35.00 crore . the company was enlisted with dhaka stock exchange limited and chittagong stock exchange limited on 9 january 2008 with a view to off load 1.35 crore shares of tk .10.00 each under direct listing procedure and accordingly the shares of the company were off loaded in the capital market . 2 organization and structure edit jamuna oil is managed by a board of directors a team of 6 executives all of them are nominated by the government of bangladesh . 3 the board is responsible for over all decisions and top policy making body of the company . general manager the chief executive of the company is appointed by bangladesh petroleum corporation in addition to approval by the government . the chairman is the joint secretary of energy & mineral resources division at the ministry of power energy & mineral resource of the government of bangladesh . the general manager is the top official and executive from jamuna oil company at chittagong of the government of bangladesh . the first director is a member of tax admn . & director national board of revenue at dhaka of the government of bangladesh . the second director is the joint secretary of ministry of commerce dhaka the government of bangladesh . the third director is the joint secretary of ministry of finance dhaka the government of bangladesh . the fourth director is the deputy secretary of ministry of power energy & mineral resource dhaka the government of bangladesh . in recent times the board has added 2 more directors who are all nominated by the national government . operations edit 335 filling stations 573 distributors point and 153 packed paint dealers . besides the company delivers products directly to industries and power plants . apart from that company has 732 liquefied petroleum gas dealers and 83 pesticide dealers . company gets supply of lpg from lp gas limited chittagong and kailashtila project sylhet . the present employee strength of the company is 591 which include 176 officers 123 staff and 292 workers . 4 references edit energy sector description organization history management operational details external links edit official website jamunaoil.gov.bd organization history retrieved from https en.wikipedia.org w index.php title jamuna oil company & oldid 737314418 categories oil and gas companies of bangladeshcompanies based in chittagongenergy companies established in 1964non renewable resource companies established in 1964companies listed on the chittagong stock exchange navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 2 september 2016 at 00 29 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view