What Partex Petro Ltd. does

Partex Petro Limited is a Bangladesh-based condensate refinery operating a 12,000-barrel-per-day processing facility in Karnaphuli, Chittagong, with a corporate office in Dhaka. It is recognized in its own materials as the leading condensate refinery in Bangladesh and is a privately held entity within the Partex Group conglomerate. The company refines imported condensate feedstock into a multi-product finished petroleum slate that includes Liquefied Petroleum Gas (43 MT/day), Motor Spirit/MS (RON 89, 313 MT/day), Premium Gasoline/Octane (RON 100, 290 MT/day), Jet A-1 aviation fuel (228 MT/day), Jet Benzene Oil/JBO (150 MT/day), and Diesel (271 MT/day), totaling 1,425 MT of finished output per production cycle.

The refinery is built around proprietary process units designed and licensed by Axens France — specifically a Cracking Recovery Unit (CRU) and a Kerosene Hydrotreating Unit (KNHT) — with integrated sulfur removal systems that allow output to meet international ASTM specifications (e.g., gasoline RON min. 80–95, diesel cetane min. 45, Jet A-1 sulfur max. 0.25% wt). Capital infrastructure includes jetty facilities for raw material receipt and product loading, LPG and finished-product tank farms, electrical and control rooms backed by three 2,285 KVA diesel generators, and dedicated fire-protection systems. UOP America is referenced as a benchmark licensor alongside Axens.

Partex Petro sells its finished products through direct B2B channels to industrial and commercial customers, transportation operators, aviation fuel buyers, and domestic LPG distributors within Bangladesh. The company is led by Chairman Syeda Shaireen Aziz, Managing Director Rubel Aziz, and CEO Subir Kumar Ghose, with the firm founded by the late M. A. Hashem. Operations and sales are run from Dhaka, while production and logistics are concentrated at the Chittagong refinery and jetty complex. Revenue is generated through transaction-based bulk sales of refined petroleum products, with commodity-market pricing mechanics.

Name

Partex Petro Ltd.

Legal name

Partex Petro Limited

Website

https://partexpetro.com

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

Partex Petro Limited is a Bangladesh-based condensate refinery operating a 12,000 barrel-per-day facility in Chittagong, producing LPG, gasoline, jet fuel, and diesel via Axens France-licensed process units for B2B industrial, transportation, aviation, and domestic fuel customers.

Ownership category

akta.pro rank

Product category

Petroleum Refining

NAICS

Petroleum Refineries (32411), Petroleum Refineries (324110)

SIC

Petroleum Refining (2911)

akta.pro primary industry

Conversion Refineries (FCC/Hydrocracking/Coking) (EUALAGAB)

akta.pro secondary industries

Distillation & Fractionation (Crude, Condensate & NGL Splitters) (EUALAGAD), Gas Processing & NGL Recovery (Dehydration, Sweetening, Cryogenic Recovery) (EUALAGAG)

Keywords

• Condensate refining
• Petroleum products
• Fuel manufacturing
• LPG production
• Aviation fuel supply

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Petroleum Product Sales: Refining and sale of condensate-derived petroleum products including LPG, motor spirit (gasoline), jet fuel, diesel, and naphtha. Revenue generated through bulk B2B sales to industrial customers, transportation operators, and aviation sector buyers. Production output of 1,425 MT per cycle across multiple product lines.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Partex Petro Limited operates a condensate refinery in Chittagong, Bangladesh with a 12,000-barrel-per-day capacity, refining imported condensate into finished petroleum products including LPG, MS/Petrol (RON 89), Premium Gasoline (RON 100), Jet A-1, JBO, and Diesel, totaling 1,425 MT per production cycle. The company uses Axens France-licensed CRU and KNHT processing units with integrated sulfur removal technology to produce specification-compliant fuels for industrial, transportation, aviation, and domestic sectors.

Product overview

Partex Petro Ltd. operates a condensate refinery with a 12,000-barrel daily capacity, producing a portfolio of finished petroleum products and intermediate feedstocks. The refinery's finished goods include Liquefied Petroleum Gas (LPG) at 43 M.T/day, Motor Spirit/MS (RON 89) at 313 M.T/day, Premium Gasoline/Octane (RON 100) at 290 M.T/day, Jet Fuel (JET A-1) at 228 M.T/day, Jet Benzene Oil (JBO) at 150 M.T/day, and Diesel at 271 M.T/day, totaling 1,425 M.T of finished products daily. The refinery also produces intermediate products including Heavy Naphtha and Light Naphtha which serve as feedstocks for the KNHT (Kero Hydro Treating) and CRU (Catalytic Reforming Unit) processing units. The company collaborates with Axens France for the design of its CRU and KNHT units, incorporating sulfur removal processes.

Differentiator

Problem solved

Functional benefit

Products and services

• Liquefied Petroleum Gas (LPG) Liquefied Petroleum Gas produced as a finished product at 43 M.T daily output from Partex Petro's condensate refinery, used as domestic and industrial fuel.
• MS (RON 89) - Motor Spirit / Petrol Motor Spirit/Petrol with a Research Octane Number of 89, produced at 313 M.T daily output, used as transportation fuel and meeting international ASTM specifications.
• Premium Gasoline (RON 100) - Octane Premium gasoline with a Research Octane Number of 100, produced at 290 M.T daily output, used as transportation fuel for high-performance engines.
• Jet Fuel (JET A-1) Aviation turbine fuel meeting JET A-1 specifications, produced at 228 M.T daily output, used as aviation fuel for commercial and private aircraft.
• Jet Benzene Oil (JBO) Jet Benzene Oil produced at 150 M.T daily output as a refined petroleum product from condensate feedstock.
• Diesel Diesel fuel meeting specification standards, produced at 271 M.T daily output, used as transportation and industrial fuel with min. 45 cetane number and max. 0.5% wt sulfur.
• Heavy Naphtha Heavy naphtha produced as an intermediate product used as feedstock for the KNHT and CRU processing units at Partex Petro's refinery.
• Light Naphtha Light naphtha produced as an intermediate product used as feedstock for the KNHT and CRU processing units at Partex Petro's refinery.

Quantifiable outcome

• 12,000 barrels per day condensate refining capacity
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and supporting.

• Axens FrancecoreTechnology or IntegrationAxens France is globally recognized as a leading authority in refinery technology licensing. Partex Petro has partnered with Axens France for the design of its CRU (Cracking Recovery Unit) and KNHT (Kerosene Hydrotreating) processing units. This partnership enables production of high-quality petroleum products with advanced sulfur removal capabilities.
• UOP AmericasupportingTechnology or IntegrationUOP America is globally recognized alongside Axens France as a leading authority in granting refinery licenses. While Partex Petro chose Axens France for CRU and KNHT unit design, UOP America is referenced as a benchmark technology provider in the refinery licensing space.
• World's Leading Research Institutions and UniversitiessupportingStrategic or Co-development PartnerPartex Petro collaborates with world-leading research institutions and universities to drive innovation in the energy sector. Through these partnerships, the company's team of dedicated scientists and engineers develops cutting-edge technology solutions addressing critical societal needs while enabling industrial and commercial customers to meet challenges while reducing greenhouse gas emissions.

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Regional players

• Singapore Refining Company: Operates a 290,000 bpd refinery in Singapore, serving regional Asian markets including South Asia. Comparable as a regional refinery whose output competes for aviation and transport fuel demand across Asia.
• ENOC (Emirates National Oil Company): UAE-based integrated oil company with refining and marketing operations across the Middle East and Asia. Comparable as a regional refiner-marketer whose exports target aviation and transport fuels in South Asia.

Direct peers

• Jamuna Oil Company Limited: Bangladesh-based petroleum products company under BPC, marketing LPG, gasoline, diesel, and jet fuel. Comparable as a domestic competitor in overlapping petroleum product segments.
• Padma Oil Company Limited: Bangladesh-based petroleum marketing company with similar downstream product exposure (LPG, lubricants, fuels). Comparable as a domestic peer competing for the same Bangladesh end-markets.
• Meghna Petroleum Limited: Bangladesh-based petroleum marketing and products company listed on the Dhaka Stock Exchange. Comparable as a domestic peer operating in the same Bangladesh downstream petroleum products market.
• Eastern Refinery Limited: Bangladesh's largest petroleum refinery (owned by Bangladesh Petroleum Corporation), operating the Chittagong refinery. Directly comparable as a domestic Bangladesh refiner competing in the same finished-product market with overlapping LPG, gasoline, jet fuel, and diesel outputs.

Broad incumbents

• Indian Oil Corporation Limited: India's largest integrated oil company with extensive refining capacity. Comparable as a much larger regional incumbent whose refined product exports can compete with domestic Bangladesh refiners including Partex Petro.
• Bangladesh Petroleum Corporation (BPC): State-owned parent of Eastern Refinery and the dominant fuel marketer in Bangladesh. Comparable as the principal domestic refining and petroleum products competitor against whom Partex Petro positions itself.
• Reliance Industries Limited (Refining & Marketing): Operator of the Jamnagar refinery complex — one of the world's largest refining complexes. Comparable as a mega-scale regional refiner whose export economics directly influence Bangladesh landed-product prices.

Emerging players

• Puma Energy: Global mid/downstream energy company active across emerging markets including Asia. Comparable as an emerging-market-focused downstream peer competing for aviation, transport, and LPG demand in similar geographies.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/partex-petro-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Partex Petro Ltd.