Cnergyico Pk intends to acquire majority stake in Puma Energy Pakistan

News Image

MG News | December 21, 2021 at 03:49 PM GMT+05:00

0:00

December 21, 2021 (MLN): The board of directors of Cnergyico Pk Limited (CNERGY), formerly known as Byco Petroleum, in its meeting held on 21' December 2021, has given go-ahead to the management to negotiate with shareholders of Puma Energy Pakistan (Private) Limited for the acquisition of its majority stake therein, the company informed through a notice issued to exchange today.

Recently, Byco Petroleum Pakistan, the country’s largest oil refinery in terms of design and installed capacity had announced changing its name from Byco Petroleum to Cnergyico Pk Limited.

According to the press release, Chief Executive Officer Cnergyico Pk Ltd, Amir Abbassciy said, “The journey from Bosicor to Byco and then Cnergyico had been challenging yet exciting.”

“Since the company's inception, innovation has played an important role, and as a result, we have, throughout the years, evolved from an oil company to a strategic oil refining and marketing company,” he said.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 141,034.99
304.55M
1.18%
1644.56
ALLSHR 87,318.24
607.11M
1.23%
1057.27
KSE30 43,334.54
168.35M
1.68%
715.94
KMI30 201,116.98
176.63M
2.14%
4209.12
KMIALLSHR 58,357.22
362.26M
1.89%
1080.35
BKTi 38,265.16
18.85M
1.18%
444.89
OGTi 29,938.42
82.25M
6.11%
1723.79
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 114,265.00 117,125.00
113,440.00
-3170.00
-2.70%
BRENT CRUDE 69.52 72.00
69.40
-2.18
-3.04%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.26 69.58
67.05
-2.00
-2.89%
SUGAR #11 WORLD 16.20 16.42
16.12
-0.15
-0.92%

Chart of the Day


Latest News
August 01, 2025 at 08:17 PM GMT+05:00

SCRA records Rs.3.74 bn net sale of securities


August 01, 2025 at 05:45 PM GMT+05:00

CCP cracks down on fan manufacturers


August 01, 2025 at 05:19 PM GMT+05:00

PSX Closing Bell: Stronger Than Yesterday


August 01, 2025 at 04:28 PM GMT+05:00

Nishat Group joins hands with Chery to build EVs in Pakistan


August 01, 2025 at 04:18 PM GMT+05:00

Gold price in Pakistan falls Rs100 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg