Cnergyico Pk Limited Announces Temporary Refinery Shutdown Due to Excess Stock

Karachi, Cnergyico Pk Limited has announced a temporary shutdown of its refinery operations, citing high petroleum products stocks as the primary reason. According to information available from the Pakistan Stock Exchange (PSX), the company communicated this decision through a letter to the Ministry of Energy (Petroleum Division).

The shutdown is a direct response to "unavoidable ullage issues" related to the significant accumulation of petroleum products, particularly High Speed Diesel (HSD) and Premier Motor Gasoline (PMG). The company has requested support from the Ministry for the timely disposal of these stocks to facilitate an early restart of production activities.

This measure follows the guidelines set by Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited. The TRE Certificate Holders of the Exchange have been informed about this operational adjustment.