BGFCL profited Tk174 crore in the Fiscal
Bangladesh Gas Fields
Company Limited (BGFCL) profited Tk174 crore in the Fiscal Year 2020-21, after
paying Tk558.71 crore as vat, dividend and income tax to the government.
This natural gas
production company, which is the largest in the country, had earned a total
revenue of Tk1,125.60 crore during this fiscal, while it incurred operating
expenses of Tk951.58 crore (including VAT).
These information were
provided in a press release published by the Gas Fields Authority on Saturday.
Earlier, the 66th annual
general meeting of the company was held at BGFCL's head office in Birasar area
of Brahmanbaria town at 6pm on Saturday.
The general meeting
chaired by the Senior Secretary of the Department of Energy and Mineral
Resources, Md Anisur Rahman, was attended by BGFCL shareholders, directors and
senior officials.
The press release further
said that out of six gas fields operated by BGFCL, five fields are currently in
production.
In FY 2020-21, a total of
2,36,523 million cubic feet of gas was supplied to Petrobangla's gas
distribution companies at an average rate of 648 million cubic feet per day
from 42 wells of BGFCL.
In addition, 1,51,194
barrels of natural gas condensate was produced from the company's own wells.
The continuous success of
BGFCL in the socio-economic context of the Covid-19 pandemic is the result of
strong morale and determination of its board of directors and all the staff,
read the statement.