Company overview
Cnergyico is based in Karachi, Pakistan. It works in oil refining, petroleum marketing, and petroleum logistics business in Pakistan. It is traded on the Pakistan Stock Exchange .[17]
Cnergyico operates a network of more than 475 petrol pumps located in all the major cities, towns, and highways of Pakistan.[18] Upon completion of the acquisition of Puma Energy, Cnergyico will become the largest fuel retailer of Pakistan in the private sector with a retail network of approximately 1,000 petrol pumps.[19] 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.[20]
Cnergyico owns and operates Pakistan's largest oil refining complex in terms of design capacity of 156,000 barrels per day. Cnergyico alone accounts for 37% of Pakistan's total oil refining capacity of approximately 420,000 barrels per day. The company's oil refining complex is located near the city of Hub in the Balochistan province. The complex houses two oil refining units ORC-1 and ORC-II, crude oil and petroleum products storage facilities, and other related energy infrastructure assets.[21] Cnergyico also owns a petrochemical plant at the oil refining complex that can produce petrochemical products such as Benzene, Mixed Xylene, and Para Xylene.[22]
Cnergyico is the nation's only firm having a dedicated Single Point Mooring (SPM).[23] Cnergyico's SPM the first and only liquid port in the country. The SPM is Pakistan’s third terminal used for importing crude oil and liquid petroleum products, besides Karachi Port Trust (KPT) and Fauji Oil Terminal (Fotco). Cnergyico began working on the SPM project in 2010 and installed it in 2012 to avoid problems of congestion at KPT and Fotco. The SPM is situated in the deep sea, roughly 15 km away from Cnergyico’s oil refining complex. It connects with the onshore oil storage facilities through 11.5 km offshore and 3.3 km onshore 28-inch pipelines. Unlike other ports in Pakistan, the SPM can handle Very Large Crude Carriers (“VLCC”s) of up to 250,000 DWT.[5] The SPM received Pakistan’s largest-ever shipment of crude oil of 102,000 metric tons in 2017. The SPM is Pakistan's only terminal having a tier 3 oil spill response membership.[23]
Cnergyico actively supports the development of a coral reef around its subsea oil pipeline to enhance the region’s marine biodiversity. The coral reef situated between the SPM and Cnergyico’s oil refining complex is a rare marine habitat found in Pakistani waters.[24]
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.[25]
