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Eastern Lubricants Blenders Limited

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Eastern Lubricants Blenders Limited ( Bengali : ইস্টার্ন লুব্রিকেন্ট ব্লেন্ডার লিমিটেড ) is a subsidiary of the government-owned Bangladesh Petroleum Corporation . This organization is listed on the Dhaka Stock Exchange in 1976 and traded as EASTRNLUB .

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28-683: The company had officially started operations in 1960. Eastern Lubricants Blenders Limited started production in 1963 as the East Pakistan Lubricants Blenders Limited in Chittagong; it was owned by Burmah Oil Company . By 1969, it was one of three lubricant companies in East Pakistan. Since the Independence of Bangladesh in 1971, Eastern Lubricants Blenders Limited had a monopoly position till

56-742: A century, the company played a major role in the oil industry, and in the discovery of oil in the Middle East through its significant influence over British Petroleum. It marketed itself under the BOC brand in Burma , Bangladesh (formerly East Pakistan ) and Assam (in India ), and through a joint venture Burmah-Shell with Shell in the rest of India. Until 1901, when the Standard Oil Company started operations in Burma , Burmah Oil enjoyed

84-660: A hereditary peerage on 23 July 1856. In 1873 William Ewart Gladstone 's government passed the Judicature Act 1873 , which reorganised the court system and abolished the appellate jurisdiction of the House of Lords in respect of English appeals. In February 1874, before the Act came into force, Gladstone's Liberal Government fell. The Conservative Benjamin Disraeli became prime minister. In 1874 and 1875 Acts were passed delaying

112-452: A joint venture of Sena Kalyan Sangstha . This article about a Bangladeshi organisation is a stub . You can help Misplaced Pages by expanding it . Burmah Oil Company The Burmah Oil Company was a leading British oil company which was once a constituent of the FTSE 100 Index . In 1966, Castrol was acquired by Burmah, which was renamed Burmah-Castrol . BP Amoco purchased

140-549: A monopoly in the region. The company operated in Burma until 1963, when Ne Win nationalized all industries in the country. Out of the nationalized assets of Burmah Oil, the Myanma Oil and Gas Enterprise was created. The company was involved in a landmark legal case in 1964, Burmah Oil Co. v Lord Advocate , concerning compensation for the destruction of oil fields in Burma by British forces in 1942 to avoid them falling into

168-798: The Appellate Jurisdiction Act 1876 to the British House of Lords , as a committee of the House, effectively to exercise the judicial functions of the House of Lords , which included acting as the highest appellate court for most domestic matters. On 1 October 2009, the Appellate Jurisdiction Act 1876 was repealed owing to the creation of the Supreme Court of the United Kingdom . The House of Lords thus lost its judicial functions and

196-631: The Court of Appeal , High Court or Court of Session —for a period of two years. Lords of Appeal in Ordinary were required to retire from judicial office at 70 or 75 years of age, though as barons they continued to serve as members of the House of Lords in its legislative capacity for life. While letters patent issued by the Monarch under the terms of the Life Peerages Act 1958 just name

224-516: The Appellate Jurisdiction Act (e.g. life peers under the Life Peerages Act 1958 ). The Lords of Appeal continue to hold the style for life. The two most senior Lords of Appeal in Ordinary were designated the Senior and Second Senior Lords of Appeal in Ordinary respectively. The Senior Lord of Appeal in Ordinary historically was the Law Lord who was senior by virtue of having served in the House for

252-572: The Commonwealth Defender of the Faith / To whom these Presents shall come Greeting / Whereas Our [ name of retired Lord of Appeal in Ordinary ] has resigned his Office of a Lord of Appeal in Ordinary and the same is now vacant Now Know Ye that We of Our especial grace have in pursuance of the Appellate Jurisdiction Act 1876 as amended by subsequent enactments nominated and appointed and by these Presents Do nominate and appoint Our [ name of

280-493: The Sovereign to make a statutory instrument , if each House of Parliament passed a resolution approving a draft of the same, increasing the maximum number of Lords of Appeal in Ordinary. Of all members of the House of Lords, only Lords of Appeal in Ordinary ever received state salaries by virtue of their position (other Lords have only ever received a daily allowance for attending sittings, plus expenses of attendance). In 2004,

308-702: The Supreme Court. The House of Lords historically had jurisdiction to hear appeals from the lower courts. Theoretically, the appeals were to the King (or Queen) in Parliament , but the House of Commons did not participate in judicial matters. The House of Lords did not necessarily include judges, but it was formerly attended by several judges who gave their opinions when the Lords desired. They did not, however, have

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336-426: The United Kingdom . As a result, the power to create life peers under the Appellate Jurisdiction Act 1876 lapsed, although the validity of peerages created thereunder remains intact. To be appointed a Lord of Appeal in Ordinary under the 1876 Act, a person was required to have been a practising barrister for a period of fifteen years or to have held a high judicial office—as Lord Chancellor (before 2005) or judge of

364-497: The appointment of two Lords of Appeal in Ordinary, who would continue to serve while holding judicial office, though in 1887, they were permitted to continue to sit in the House of Lords for life, with the style and dignity of baron . The number of Lords of Appeal in Ordinary was increased incrementally over the years—to three in 1882, to four in 1891, to six in 1913, to seven in 1929, to nine in 1947, to eleven in 1968 and to twelve in 1994. The Administration of Justice Act 1968 allowed

392-537: The coming into force of the Judicature Act 1873. The Appellate Jurisdiction Act 1876 repealed the provisions rescinding the jurisdiction of the House of Lords. Additionally, the Act provided for the appointment of two persons to be Lords of Appeal in Ordinary, who were to sit in the House of Lords under the dignity of baron. Originally, though they held the rank of baron for life, they served in Parliament only while holding judicial office. In 1889, however, an Act

420-589: The company in 2000. The company was founded in Glasgow in 1886 by David Sime Cargill , an East India merchant, to succeed his Rangoon Oil Company Ltd, also of Glasgow, to further expand and develop oil fields in the Indian subcontinent . On his death in 1904, the ownership and chairmanship passed to his son John Cargill . In the 1900s, the Admiralty was planning a changeover from coal to fuel oil for powering

448-568: The early 2000s when other lubricant companies where allowed to operate in the market. 12 percent of the shares of the Eastern Lubricants Blenders Limited are listed on the stock exchange. In 1977, the Eastern Lubricants Blenders Limited became a subsidiary of Bangladesh Petroleum Corporation. In 2004, the company declared 25 percent dividends. In 2009, the company shares were moved from A category to B category. In 2015, Eastern Lubricants Blenders Limited became

476-584: The engines of its warships. In 1905, Burmah signed a contract with the Admiralty to supply naval fuel oil from Rangoon. In the first decade of the 20th century, Burmah Oil founded Anglo-Persian Oil Company to succeed the early prospecting in Persia of William Knox D'Arcy with Burmah Oil owning 97%. Burmah Oil became the largest oil company in the British Empire. The subsidiary was later renamed Anglo-Iranian Oil Company and eventually BP . For about

504-748: The hands of the invading Japanese army, winning a 3-2 decision in the Judicial Committee of the House of Lords , but the effect of this was specifically reversed by the War Damage Act 1965 . In 1963, the company left Burma and undertook new exploration in India, Pakistan, Bangladesh, Australasia, the Americas, Canada and the North Sea until 1986. In 1966, Burmah acquired Castrol renaming it Burmah-Castrol. The Bank of England came to

532-406: The new appointee ] to be a Lord of Appeal in Ordinary by the style of [ full peerage title of the new appointee ] to hold the said Office so long as he shall well behave himself therein subject to the provisions in the said Act mentioned with all wages profits privileges rank and precedence whatsoever to the said Office belonging or in anywise appertaining and to hold the said style of Baron unto him

560-553: The official distributors of GS Yuasa International, a Japanese company, in Bangladesh. Eastern Lubricants Blenders Limited signed an agreement in July 2019 to sell bitumen to Bangladesh Petroleum Corporation. The company's profit increased in 2021 due to a decline in global oil prices. It sells oil to its three sister companies, Jamuna Oil , Meghna Petroleum , and Padma Oil . It signed an agreement with KB Petrochemicals Limited,

588-469: The power to create law life peers lapsed, although the validity of extant life peerages created under the Appellate Jurisdiction Act 1876 remains intact. Lords of Appeal in Ordinary who were in office on 1 October 2009 automatically became Justices of the Supreme Court of the United Kingdom . At the same time, those Supreme Court justices who already held seats in the House of Lords lost their right to speak and vote there until after retirement as Justices of

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616-416: The power to vote in the House. In January 1856, to permit legally qualified members to exercise the House's appellate functions without allowing their heirs to swell the size of the House, Sir James Parke , a judge, was created a life peer as Baron Wensleydale . As the House of Lords eventually decided that a peerage "for the term of his natural life" did not allow him to sit and vote, Parke also received

644-508: The recipient of the life peerage, letters patent issued under the terms of the Appellate Jurisdiction Act 1876 also name the retired Lord of Appeal in Ordinary in whose stead the recipient is appointed. In the final form used in 2009, these read: Elizabeth the Second by the Grace of God of the United Kingdom of Great Britain and Northern Ireland and Our other Realms and Territories Queen Head of

672-566: The rescue of Burmah Oil after the company made large losses on its tanker fleets in 1974. The core of the rescue operation was the provision of a year's grace so that the company could become smaller and more viable. The Bank of England also agreed to guarantee $ 650 million of the company's foreign currency borrowings. In 2000, Burmah was acquired by BP Amoco . Lords of Appeal in Ordinary Lords of Appeal in Ordinary , commonly known as Law Lords , were judges appointed under

700-438: The retirement age is 75 years of age; for those appointed on or after that date, retirement was at 70 years of age (though they were permitted to continue sitting in a part-time capacity as a "Lord of Appeal" until the age of 75 years). There have been recent suggestions that the retirement age for the United Kingdom's most senior judges should revert to 75 years of age. The Appellate Jurisdiction Act 1876 originally provided for

728-407: The said [ name of the new appointee ] during his life / In Witness whereof We have caused these Our Letters to be made Patent / Witness Ourself at Westminster the [ day ] day of [ month ] in the [ year ] Year of Our Reign. The statutory retirement age for Lords of Appeal in Ordinary depended on when they were first appointed to judicial office: for those who first became a judge before 31 March 1995,

756-459: The salary for the Senior Lord of Appeal in Ordinary was £185,705, and for other Lords of Appeal in Ordinary it was £179,431. In exercising the judicial functions of the House of Lords, Lords of Appeal in Ordinary were sometimes joined by other Lords of Appeal. Lords of Appeal included holders or former holders of high judicial office who were members of the House of Lords, but not by virtue of

784-482: Was passed allowing Lords of Appeal to continue to sit and vote in Parliament even after retirement from office. The last person to be made a law lord under the Appellate Jurisdiction Act 1876 was Sir Brian Kerr on 29 June 2009. On 1 October 2009, the Appellate Jurisdiction Act 1876 was repealed by Schedule 18 to the Constitutional Reform Act 2005 owing to the creation of the Supreme Court of

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