Attock Refinery shutting down distillation unit for eight days

MG News | December 13, 2022 at 12:55 PM GMT+05:00

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December 13, 2022 (MLN): On the back of ullage constraints resulting from low demand for Furnace Fuel Oil, Attock Refinery Limited (ARL) is temporarily shutting down its main distillation unit for approximately eight days, the company's filing on PSX showed on Tuesday.

During this period some necessary maintenance jobs would also be carried out, it added.

Consequently, as a result of this shutdown, the refinery will be operating at a capacity of 35%. However, adequate inventories of products are available to meet the current requirements.

This has been intimated to the Ministry of Energy (Petroleum Division) and Oil & Gas Regulatory Authority (OGRA) accordingly.

ARL is principally engaged in the refining of crude oil. The company is a subsidiary of The Attock Oil Company Limited, England and its ultimate parent is Coral Holding Limited (a private limited company incorporated in Malta).

At the time of writing, the scrip is being traded at Rs155.32 per share, up by Rs1.07 or 0.69% DoD.

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