Cnergyico temporarily shuts down refinery due to high petroleum stocks

MG News | May 14, 2024 at 03:30 PM GMT+05:00

0:00

May 14, 2024 (MLN): Cnergyico Pk Limited (PSX: CNERGY) has decided to temporarily shut down its refinery due to unavoidable ullage issues pertaining to alarmingly high petroleum products stocks.

The company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday.

The petroleum products mainly include High-Speed Diesel (HSD) and Premium Motor Gasoline (PMG).

Cnergyico sent a letter to the Ministry of Energy's petroleum division, requesting support in timely disposal of its petroleum stocks, enabling the company to restart production.

Copyright Mettis Link News

Related News

PSX Closing Bell: Momentum Loses Steam

Premium Textile moves ahead with 7.5MW wind power plan

PPL executes successful workover operations in Adam West X-1 ST well

Name	Price/Vol	%Chg/NChg
KSE100	161,984.09 154.38M	-0.07% -118.84
ALLSHR	98,189.94 489.34M	-0.24% -234.12
KSE30	49,161.36 58.13M	-0.04% -17.30
KMI30	230,829.80 70.22M	-0.17% -400.50
KMIALLSHR	63,732.08 225.59M	-0.47% -301.79
BKTi	43,965.77 15.52M	-0.07% -31.87
OGTi	31,602.70 8.41M	-1.33% -424.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,410.00	88,445.00 85,200.00	3810.00 4.50%
BRENT CRUDE	63.11	63.12 61.94	0.55 0.88%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.10 0.12%
ROTTERDAM COAL MONTHLY	96.30	96.30 96.30	1.00 1.05%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	58.57	58.60 57.42	0.51 0.88%
SUGAR #11 WORLD	14.85	14.96 14.70	0.07 0.47%