Titas Gas

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The Titas Gas Transmission and Distribution Company is the largest natural gas distributor in Bangladesh, with an 80% market share. As of 2005, they employed 2,678 staff (1,975 regular employees and 700 officials) and served 987,507 domestic customers, 7,947 commercial customers, and 3,046 industrial customers.[1][2] However, due to massive internal corruption, their market share has not translated into high revenues; their 2007 net profit was a mere US$37 million on sales of US$557 million. Bangladesh's anti-corruption office claims that several of their employees have become multi-millionaires by giving discounts on gas to large industrial customers, and pocketing kickbacks in returns.[2]

[edit] References

  1. ^ Mohiuddin, Sheikh. "Frustration in Titas Gas: No promotion, posting, recruitment", Ittefaq, 2005-01-14. Retrieved on 2008-02-06. 
  2. ^ a b "The multimillionaire gas workers of Bangladesh", The Times, London, 2008-02-05. Retrieved on 2008-02-06. 

[edit] External links

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