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Cnergyico to invest over $1bn in Euro V refinery upgrade

16:40
March 8, 2024

March 08, 2024 (MLN): The anticipated investment by Cnergyico Pk Limited (PSX: CNERGY) in upgrading its both refineries to manufacture Euro V standards compliant gasoline and diesel, while concurrently reducing Fuel Oil production is set to exceed $1 billion, it said in a company filing on Friday.

However, precise cost estimates will be established post the Front-End Engineering Design (FEED) of the Upgrade Project.

To note, the government of Pakistan recently approved the amendments after consultation with all refineries in the earlier approved 'Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023'.

This Policy is expected to bring an investment of approximately $5 to 6bn in the refining sector, said the company.

Copyright Mettis Link News

Posted on: 2024-03-08T16:32:54+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.60000	278.80000	278.80000	278.60000	01:02 PM
2	EUR	1.06950	1.06980	1.06980	1.06950	03:13 PM
3	GBP	1.24840	1.24860	1.24860	1.24840	03:13 PM
4	CHF	0.90382	0.90429	0.90429	0.90382	03:35 PM
5	JPY	158.09000	158.10000	158.10000	158.09000	03:13 PM
6	CAD	1.36780	1.36830	1.36830	1.36780	03:13 PM
7	AUD	0.65320	0.65360	0.65360	0.65320	03:13 PM
8	INR	83.40270	83.40320	83.40320	83.40270	08:00 PM
9	SAR	3.75050	3.75070	3.75070	3.75050	05:00 PM
10	AED	3.67240	3.67340	3.67340	3.67240	01:59 AM
11	HKD	7.82830	7.82840	7.82840	7.82830	03:13 PM
12	CNH	7.26210	7.26410	7.26410	7.26210	11:56 AM
13	CNY	7.24640	7.24650	7.24650	7.24640	09:11 PM
14	THB	36.99000	37.04000	37.04000	36.99000	11:56 AM
15	MYR	4.76500	4.77000	4.77000	4.76500	08:00 PM
16	IDR	16,232.20000	16,250.40000	16,250.40000	16,232.20000	12:37 PM
17	SGD	1.36210	1.36310	1.36310	1.36210	03:13 PM
18	NZD	0.59360	0.59420	0.59420	0.59360	02:20 PM
19	MXN	17.14510	17.17510	17.17510	17.14510	03:13 PM
20	TRY	32.50600	32.51000	32.51000	32.50600	11:56 AM
21	SEK	10.76040	11.01820	11.01815	10.76041	03:13 PM
22	ZAR	18.60010	18.96010	18.96015	18.60009	03:13 PM
23	NOK	11.03580	11.04180	11.04180	11.03580	03:13 PM
24	DKK	6.97030	6.97130	6.97130	6.97030	02:20 PM
25	ARS	875.82900	875.97800	875.97823	875.82872	03:35 PM
26	BDT	108.34000	111.70400	111.70397	108.33995	11:56 AM
27	BHD	0.37698	0.37713	0.37713	0.37698	06:54 PM
28	BRL	5.11430	5.11830	5.11830	5.11430	12:37 PM
29	KRW	1,376.43000	1,379.75000	1,379.75000	1,376.43000	12:37 PM
30	KWD	0.30808	0.30818	0.30818	0.30808	01:03 AM
31	LKR	293.46400	300.00500	300.00467	293.46353	11:56 AM
32	OMR	0.38476	0.38526	0.38526	0.38476	01:58 AM
33	QAR	3.64600	3.64800	3.64800	3.64600	01:59 AM
34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.37320	73.24210	73.24207	71.37317	11:56 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:54 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,638.40000	12,703.80000	12,703.82657	12,638.41518	11:56 AM
40	PHP	57.51700	57.76000	57.76000	57.51700	08:00 PM
42	NGN	1,305.72000	1,306.72000	1,306.72000	1,305.72000	08:00 PM
43	KES	131.42100	134.22400	134.22417	131.42083	11:56 AM
44	AMD	361.53800	417.60500	417.60501	361.53810	11:56 AM
45	TWD	32.58800	32.61800	32.61800	32.58800	12:37 PM
46	XAU	2,337.48000	2,338.39000	2,338.39000	2,337.48000	03:26 PM
47	XAG	27.15820	27.20580	27.20580	27.15820	03:26 PM
48	XPT	915.55000	917.95000	917.95000	915.55000	01:59 AM
49	XPD	954.21200	962.02800	962.02800	954.21200	02:00 AM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,781.71000	3,865.81000	3,865.81320	3,781.71284	11:56 AM
2,213	TZS	2,549.64000	2,643.09000	2,643.08742	2,549.64257	11:56 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,862.41	72,742.748	71,764.18	771.347	1.072	302,352,233.0	14,307,377,262.460	26/04/2024 05:12 PM
ALLSHR	47,721.89	47,489.465	47,040.09	314.510	0.667	540,778,150.0	22,562,380,076.020	26/04/2024 05:12 PM
KSE30	24,069.72	24,033.869	23,676.59	284.824	1.199	79,764,833.0	9,454,683,795.040	26/04/2024 05:12 PM
KMI30	122,624.63	122,414.850	120,539.93	1,511.894	1.251	130,473,781.0	8,715,975,575.960	26/04/2024 05:12 PM
KMIALLSHR	34,120.82	34,003.274	33,623.23	303.834	0.902	336,036,323.0	17,261,793,362.150	26/04/2024 05:12 PM
BKTi	18,098.00	18,061.700	17,783.46	189.341	1.059	12,829,416.0	1,502,941,695.300	26/04/2024 05:12 PM
OGTi	17,165.47	17,018.023	16,915.39	-13.038	-0.077	13,158,963.0	1,843,356,910.500	26/04/2024 05:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,530.0	65,395.0	63,775.0	-740.00
BRENT CRUDE	EB	89.3	89.8	88.8	0.32
RICHARDS BAY COAL MONTHLY	EF	106.5	0.0	0.0	-0.25
ROTTERDAM COAL MONTHLY	ET	106.3	111.3	106.0	-5.60
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	83.7	84.5	83.4	0.09
SUGAR #11 WORLD	SB	19.1	19.6	19.0	-0.04

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