CNERGY refinery shuts down

In a notification sent to PSX on 14/04/2024, Cnergyico PK Limited (CNERGY) announced the refinery disruption for seeking help to dispose of excess petroleum products.

This is to inform your good office that Cnergyico Pk Limited is to temporarily shut down its refinery due to unavoidable ullage issues pertaining the alarmingly high petroleum products stocks (mainly HSD & PMG). In view of the above, we request support in timely disposal of our petroleum stocks, enabling us to restart production.

CNERGY shares were last trading at Rs 4.63. today.