Cnergyico PK Limited, Pakistan’s largest vertically integrated oil refining company, Tuesday announced that it is temporarily shutting down its refinery.
In a notice to Pakistan Stock Exchange (PSX), the company said that the decision has been taken due to unavoidable ullage issues pertaining the alarmingly high petroleum products stocks (mainly HSD & PMG).
The company highlighted that it has written a letter to the Ministry of Energy (Petroleum Division) to support in timely disposal of its petroleum stocks, enabling it to restart production.
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