Meghna Petroleum, JMI sign deal to expand LPG business

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Business Desk :
Meghna Petroleum, a subsidiary of Bangladesh Petroleum Corporation, has signed an agreement with JMI Industrial Gas Ltd as part of business expansion.
Under the agreement, the petroleum company will sell LPG by establishing LPG (Auto gas) refueling station and liquefied petroleum gas (LPG) conversion workshop parallel with the sale of refueling oil through the company’s registered filling stations.
The Meghna Petroleum will receive royalty of Tk 0.50 against per liter sale of LPG, according to a disclosure posted on the Dhaka Stock Exchange (DSE) website on Sunday.
The signing ceremony took place at the Dhaka office of Meghna Petroleum at Meghna Bhaban on Saturday evening, according to a press release.
Mir Saifullah-Al-Khaled, managing director of Meghna Petroleum and Md Abdur Razzaq, managing director of JMI Group signed the agreement on behalf of their respective companies.
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