The Padma Oil Company Limited, formerly Burmah Eastern Limited, is a Bangladeshi-state

owned petroleum company with its head office in Strand Road, Chittagong. It is a descendant of
the historic Burmah Oil Company in the British Empire and began operations in Bengal in 1903.
In 1965, Burmah Eastern was established in Chittagong jointly by Burmah Oil and East Pakistani
investors.[1]
Burmah Oil sold the company to the Bangladesh Petroleum Corporation in 1977. It was renamed
as the Padma Oil Company in 1988 after the Padma river. Today, the company is one of the
largest distributors of petroleum products in Bangladesh, and is listed on the Dhaka Stock
Exchange and the Chittagong Stock Exchange.[2]
http://en.wikipedia.org/wiki/Padma_Oil_Company
Padma Oil Company Limited (POCL) is not only the biggest but also the oldest with its
antecedents stretching well back to the colonial period of British-India. Its ancestral enterprise
Rangoon Oil Company established petroleum business in this part of the world by the middle
of nineteenth century.
Prior to the partition of the sub-continent in 1947, mainly two oil marketing companies namely
Burmah Oil Company ( BOC ) and Burmah Shell Oil Storage and Distribution Company
( BSOC ) were operating Petroleum Business in the area what now comprise Bangladesh.
Burmah Shell established Aviation Depot at Tejgaon Airport in the year 1948.
Considering the Oil Marketing situation in erstwhile East Pakistan, Burmah Shell Transferred
their share to BOC and in the year 1965 a new company called Burmah Eastern Limited was
formed with 49% share of BOC. The rest portion of the share was issued to public & private
individuals of Pakistan.
In 1977, Burmah Eastern Limited became a subsidiary of Bangladesh Petroleum Corporation.
In the year 1985, BOC transferred its entire property in Bangladesh ( including share of Burmah
Eastern Limited ) in favour of Bangladesh Petroleum Corporation ( BPC )
As per terms of the transfer of BOC Burmah Eastern Limited was required to change its name
and as such subsequently the companys name was changed as PADMA OIL COMPANY
LIMITED . In the year 1988
http://www.pocl.gov.bd/?w=1280