PROJECT

Projects

Environmental & Social Review Summary

Project Number

40464

Company Name

OMERA PETROLEUM LIMITED

Date ESRS Disclosed

Apr 20, 2018

Country

Bangladesh

Region

South Asia

Last Updated Date

Mar 27, 2024

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jun 25, 2018
Signed : Jun 27, 2018
Invested : Aug 13, 2018

Sector

Other Petroleum and Coal Products

Industry

Manufacturing

Department

Regional Industry - MAS Asia & Pac

Project Description

   Omera Petroleum Ltd. (“Omera” or “the company” - http://omeralpg.com/) is the second largest liquefied petroleum gas (LPG) player in Bangladesh, with a throughput capacity of 300,000 metric ton per annum (MTPA). The company has its main import storage terminal in Mongla, and three satellite storage / bottling stations in Ghorashal (Central region), Bogra (Northern region) and Chittagong (Southern region) respectively. Omera has a fleet of one river barge, road tankers, and contract distributors’ cylinder trucks to transport LPG from central terminal to satellite stations, and to customers. All storage terminals and filling stations are located along the rivers / main roads and inside industrial areas.

IFC is considering an investment of up to US$20 million to support Omera’s expansion plans which include: increasing propane/LPG storage capacity inside the existing Mongla terminal, enhancing the bottling capacity at satellite stations, and purchasing additional cylinders, road tankers / fork lifters, and two river barges (the “project”).  

Overview of IFC's Scope of Review

    The review of this project consisted of appraising technical, environmental, health, safety (EHS) and social information submitted by the sponsor. The environmental and social (E&S) appraisal team also conducted background researches for the company’s operational history and related contextual risks. IFC E&S team also visited Omera’s headquarter in Dhaka, Bangladesh, and the main LPG terminal in Mongla as well as a satellite site in Ghorashal during 20 – 23 February, 2017. The E&S team also held meetings with the corporate and terminal/satellite station management teams and interviewed employees at Mongla terminal. Documents related to LPG storage/transportation/bottling, including corporate EHS policies and procedures, corporate EHS management system, EHS audit reports, the corporate human resources (HR) policy, stakeholder engagement, security management, were reviewed and discussed during the appraisal. 

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan