Cnergyico Pk Limited (formerly Byco Petroleum Pakistan Limited / Bosicor Pakistan Limited) is a Pakistani

petroleum Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude ...

company which is a subsidiary of the

Mauritian Mauritians (singular Mauritian; french: Mauricien; Creole: ''Morisien'') are nationals or natives of the Republic of Mauritius and their descendants. Mauritius is a multi-ethnic society, with notable groups of people of South Asian (notably ...

company Cnergyico Industries Incorporated.

Company overview

It is based in

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former ...

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...

. It works in oil refining, petroleum marketing, and petroleum logistics business in Pakistan. It is traded on the

Pakistan Stock Exchange The Pakistan Stock Exchange ( ur, , abbreviated as PSX) is a stock exchange in Pakistan with trading floors in Karachi, Islamabad and Lahore. PSX was classified by MSCI as a frontier market on 8 September 2021. The PSX was established on ...

.Byco Petroleum to become Pakistan's largest fuel maker says: Bloomberg
Pakistan Today (newspaper), Published 16 June 2017, Retrieved 21 June 2021 Cnergyico’s holdings has 982 petrol pumps. Whereas the State-owned Pakistan State Oil Co. has 3,500 petrol pumps, Total Parco Pakistan Ltd. has 800 petrol pumps and Shell Pakistan Ltd. has 766 petrol pumps. Cnergyico is Pakistan's largest oil refinery by design capacity (155,000 barrels per day) and is the nation's only firm having a dedicated Single Point Mooring (SPM).Byco's SPM: Pakistan's first and only Floating Liquid Port
YouTube website, Published 18 April 2018, Retrieved 21 June 2021 Cnergyico's SPM the first and only liquid port in the country. The SPM is Pakistan's only terminal having a tier 3 oil spill response membership. Cnergyico refines crude oil into various marketable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil. Having operated as a low complexity refinery since inception, it is upgrading to produce more high value products, with reduced sulphur content, in diesel and convert furnace oil into gasoline and diesel. Cnergyico's marketing network supports retail outlets in more than 100 cities all over Pakistan and is an emerging player. Cnergyico aims to become the first refinery in Pakistan by upgrading its facilities to ensure environmental compliance.Byco begins constructing plants for Euro 5 and 6 gas and diesel
The News International (newspaper), Published 13 January 2021, Retrieved 21 June 2021

Acquisition

Cnergyico Pk Ltd acquiring 57.37 per cent shares of

Puma Energy Pakistan Puma Energy Pakistan, formerly known as Admore Gas, is a Pakistani oil marketing company which is a subsidiary of Singaporean company Puma Energy and is based in Karachi, Pakistan. It was founded in 2001. The company operates more than 470 retai ...

and has become the country’s second-largest fuel retailer.

Financial Performance

Cnergyico posted Rs 5.0 billion overall loss for the fiscal year 2020, which resulted in Rs 0.46 loss per share.

Products

Liquid fuels Liquid fuels are combustible or energy-generating molecules that can be harnessed to create mechanical energy, usually producing kinetic energy; they also must take the shape of their container. It is the fumes of liquid fuels that are flammable ...

Gasoline Gasoline (; ) or petrol (; ) (see ) is a transparent, petroleum-derived flammable liquid that is used primarily as a fuel in most spark-ignited internal combustion engines (also known as petrol engines). It consists mostly of organic ...

Jet fuel Jet fuel or aviation turbine fuel (ATF, also abbreviated avtur) is a type of aviation fuel designed for use in aircraft powered by gas-turbine engines. It is colorless to straw-colored in appearance. The most commonly used fuels for commercial a ...

* Ultra winterized diesel *

Furnace oil Fuel oil is any of various fractions obtained from the distillation of petroleum (crude oil). Such oils include distillates (the lighter fractions) and residues (the heavier fractions). Fuel oils include heavy fuel oil, marine fuel oil (MFO), bunk ...

Compressed natural gas Compressed natural gas (CNG) is a fuel gas mainly composed of methane (CH4), compressed to less than 1% of the volume it occupies at standard atmospheric pressure. It is stored and distributed in hard containers at a pressure of , usually in ...

(CNG) * Liquefied petroleum gas (LPG) *

Lubricants A lubricant (sometimes shortened to lube) is a substance that helps to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move. It may also have the function of transmitting forces, t ...

References

External links

Official websiteCnergyico Detailed company financials
{{KSE 100 Oil and gas companies of Pakistan Oil refineries in Karachi Companies listed on the Pakistan Stock Exchange Pakistani subsidiaries of foreign companies Energy companies established in 1995 Automotive fuel retailers Companies based in Karachi Pakistani companies established in 1995