Karachi, National Refinery Limited informed Pakistan Stock Exchange that during maintenance work on sub soil Korangi Keemari pipeline in the early hours today a gas explosion occurred over the surface due to entrapped gases injuring three members of contractor’s maintenance team and a security guard and damaging two vehicles.
National Refinery Limited was incorporated in Pakistan on August 19, 1963 as a public limited company. The Company is engaged in the manufacturing, production and sale of a large range of petroleum products.
The refinery complex of the Company comprises of three refineries i.e. two lube refineries and one fuel refinery having a total crude oil refining capacity of 24,570,000 Bbl per annum which corresponds to 70,000 Bbls/day. Two Lube refineries process reduced crude to produce LBO, Bitumen, Wax and other specialty products.
The total number of shares are 79,966,560. The Earnings per share is (50.82) in 2020 which was (108.70) in 2019. The Company had a loss of Rs. 4,063,762,000 in 2020 which was 8,692,427,000 in 2019.