BANGLADESH: Bangladesh Petroleum Corporation Act 2016 (Act No. 8 of 2016)

Meta Data
Title in national language: 
বাংলাদেশ পেট্রোলিয়াম কর্পোরেশন আইন 2016
Draft: 
No
Revision of previous policy?: 
No
Effective Start Year: 
2016
Scope: 
National
Document Type: 
Act
Economic Sector: 
Energy
Energy Types: 
Oil
Issued by: 
The Government of Bangladesh
Notes: 
No English version translation
Source: 
Faolex (BN)
File: 
Bangladesh Petroleum Corporation Act, 2016 (BN)
Overall Summary: 
The Bangladesh Petroleum Corporation Act 2016 (Act No. 8 of 2016) sets out composition, duties and responsibilities of the Bangladesh Petroleum Corporation and regulates its functions, powers, internal organization and external relationships. The Corporation aims at performing all the activities related to crude and refined oil, other petroleum materials collected and stored, etc.
Governance
National policy structure: 
This Act further provides for: establishment of a Reserve Fund; powers of the Corporation to acquire by purchase, lease, exchange or otherwise any land for carrying out the purposes of the Ordinance; rule and regulation making powers of the Corporation; etc.