Published 12th October, 2010
One of Bangladesh's largest public share offerings will go ahead when Mobil Jamuna floats four crore shares on the country's stock exchange.
The public offering, will be the second largest in the country's financial history and will allow the state-private owned energy company to build a liquified petroleum uni in Khulna as well as buying land for a new headquarters building and crude oil refinery.
Mobil Jamuna is state run and controls nearly 26% of the domestic oil market. It was established in 1998, began producing lubricants in 2003 and has also been driving Bangladesh's oil exports since 2007 with significant year-on-year growth. Of the 240 energy and power companies in the country, only 11 are publically listed.