Yes
The pancreas produces insulin and glucagon, which are hormones, to  control sugar levels in your body. The liver stores and makes  glucose, and helps to keep blood sugar lev … els circulating. The need  to store or release glucose is signaled by insulin and glucagon  hormones. The pancreas is an organ the upper abdomen. Enzymes (chemicals) made by cells in the pancreas pass into the gut to help digest food. The hormones insulin and glucagon are also made in the pancreas and help to regulate the blood sugar level. The pancreas is an organ in the upper abdomen. It is about the size of a hand. Your pancreas constantly monitors and controls your blood sugar levels using two hormones. The best known of these is insulin. When your blood sugar levels rise after a meal your pancreas releases insulin. Insulin allows glucose to be taken into the cells of your body where it is used in cellular respiration. Blood sugar levels. Your pancreas produces insulin and glucagon, two hormones that regulate sugar levels in your blood. Insulin and glucagon are secreted from your pancreas directly into your blood. When the concentration of glucose (a sugar) rises in your blood, insulin is released. Insulin lowers blood glucose levels by stimulating cells throughout your body to use and store glucose. Glucagon has the opposite effect of insulin.
http://www.answers.com/Q/What_organ_controls_the_blood_glucose_level http://patient.info/health/the-pancreas http://www.abpischools.org.uk/page/modules/homeostasis_sugar/sugar2.cfm http://www.bbc.co.uk/science/humanbody/body/factfiles/pancreas/pancreas.shtml
pancreas is an organ that regulate blood glucose levels