Cnergyico to resume refinery operations from May 25

By MG News | Category Equity | May 24, 2024 at 03:18 PM GMT+05:00

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May 24, 2024 (MLN): Cnergyico PK Limited (PSX: CYNERGY) will resume its refinery operations from Saturday, May 25, 2024, the company disclosed in its recent filing on the Pakistan Stock Exchange (PSX).

Earlier, on May 14, the company announced the suspension of its operations due to unavoidable ullage issues related to the alarmingly high stocks of petroleum products, mainly HSD and PMG.

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

Following a certain recovery, CYNERGY has managed to resume its operations.

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