Bangladesh Petroleum Corporation Ordinance, 1976 (Ordinance No. LXXXVIII of 1976).

This Ordinance establishes the Bangladesh Petroleum Corporation and regulates its functions, powers and internal organization and external relationships.
The Corporation shall have the following functions: acquire, import crude petroleum and other refined petroleum products; refine crude petroleum; set up refineries; import lubricating oil; process and setup facilities for processing of refinery waste or residual products; establish and expand petroleum marketing facilities; export petroleum and petroleum products; etc.
The Ordinance further provides for: establishment of a Reserve Fund; powers of the Corporation to acquire by purchase, lease, exchange or otherwise any land for carrying out the purposes of the Ordinance; rule and regulation making powers of the Corporation; etc.