Cnergyico
Cnergyico Pk Limited (formerly Byco Petroleum Pakistan Limited / Bosicor Pakistan Limited) is a Pakistani petroleum company which is a subsidiary of the Mauritian company Cnergyico Industries Incorporated. Company overview. It 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. 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). 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. Acquisition. Cnergyico Pk Ltd acquiring 57.37 per cent shares of Puma Energy Pakistan and has become the country’s second-largest fuel retailer. Financial Performance. Cnergyico posted Rs 2.43 billion overall loss for the fiscal year 2020, which resulted in Rs 0.46 loss per share.