ATRL initiates refinery turnaround, anticipates 40% throughput reduction

MG News | January 26, 2024 at 03:09 PM GMT+05:00

0:00

January 26, 2024 (MLN): Attock Refinery Limited (PSX: ATRL) is planning the refinery turnaround to carry out essential maintenance with effect from February 10, 2024, for a period of about one month, as indicated in a notice issued by the company to the local bourse today.

Consequently, some of the existing units of the Refinery will be shut down which will result in a reduction of the Refinery's throughput to around 40%.

This shutdown plan has the approval of the Ministry of Energy (Petroleum Division) and Oil and Gas Regulatory Authority (OGRA) which have made alternate arrangements to handle crude oil production from northern oilfields and to meet any product shortfall.

At the time of writing, the company's scrip is being traded at Rs327, up by 17 paisa compared to the previous closing.

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