440:(SPM). 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. 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.
365:. A year later, the company began construction of 120,000 barrels per day oil refinery (ORC-II). In 2009, the company developed the largest capacity Storage Tanks in Pakistan. In early 2010, the company changed its name from Bosicor Pakistan Limited to Byco Petroleum Pakistan Limited. Byco Petroleum started working on the Single Point Mooring and Pipeline network project in 2010 and the project was launched in 2012. The Single Point Mooring (SPM) oil terminal was deployed in the deep sea off the coast of Balochistan. This allowed Byco Petroleum to directly import crude oil for its oil refineries, without relying on other ports that frequently experience congestion and delivery delays. On December 2012, the first oil vessel, M.T ARIETIS, carrying 70,000 tons of crude oil, delivered its cargo to Byco Petroleum through the SPM.
372:. By 2017, both oil refineries became fully operational, making Byco Petroleum the largest oil refiner in Pakistan with a total installed capacity of 156,000 barrels per day. In the same year, the company opened its 300th petrol pump and the SPM achieved a milestone of handling 5 million metric tons of oil since its inception. In 2018, Byco Petroleum commissioned the Catalytic Reformer at ORC-II to produce higher octane fuels. In 2021, Byco Petroleum started working on the Upgrade-1 project to expand and modernize its operations. In late 2021, Byco Petroleum got renamed to Cnergyico Pk Limited. The word Cnergyico has been derived from Chemical Energy Integrated Company.
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448:
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.
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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
447:
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
395:
Cnergyico operates a network of more than 475 petrol pumps located in all the major cities, towns, and highways of
Pakistan. 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
443:
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.
420:
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. Cnergyico also owns a petrochemical plant at the oil refining complex that can produce
350:
Cnergyico was formed by the father-son-duo of Parvez Abbasi and Amir
Abbassciy on January 9, 1995, and was granted a certificate of commencement of business on March 13, 1995. It was initially called Bosicor Pakistan Limited.
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358:. It began commercial production on July 1, 2004. The refining capacity was initially 18,000 barrels per day which was later increased to 36,000 barrels per day.
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In 2012, the company’s second oil refinery (ORC-II) began commercial operations and was inaugurated by the then Prime
Minister of Pakistan Mr
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388:. It works in oil refining, petroleum marketing, and petroleum logistics business in Pakistan. It is traded on the
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In 2001, Bosicor began construction of its first refinery (ORC-1) and a year later, it was listed on the
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939:"Cnergyico leaps ahead of Shell and Total to become largest private-sector fuel retailer"
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The News
International (newspaper), Published 13 January 2021, Retrieved 21 June 2021
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824:"The Upgrade-1 project will further cement our position as an industry leader"
507:
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342:, a network of petrol pumps, and a crude oil terminal, single point mooring.
1263:
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328:
73:
528:"The scapegoating of Byco… and what it says about Pakistan's energy sector"
876:
Pakistan Today (newspaper), Published 16 June 2017, Retrieved 21 June 2021
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887:"Pak Army's School of Artillery visits Cnergyico's oil refining complex"
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Byco
Petroleum to become Pakistan's largest fuel maker says: Bloomberg
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430:
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774:"ksestocks.com | Re-Named Companies | Pakistan Stock Exchange (PSX)"
589:
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1019:
YouTube website, Published 18 April 2018, Retrieved 21 June 2021
1112:
1032:
Byco begins constructing plants for Euro 5 and 6 gas and diesel
913:"Cnergyico Poised to Become Pakistan's Largest Fuel Retailer"
618:"Cnergyico's Single Point Mooring helps unclog oil terminals"
1101:
460:
and has become the country’s second-largest fuel retailer.
361:
The company opened its first petrol pump in June 2007 near
1017:
Byco's SPM: Pakistan's first and only
Floating Liquid Port
436:
Cnergyico is the nation's only firm having a dedicated
288:
456:
Cnergyico Pk Ltd acquiring 57.37 per cent shares of
1070:Reporter, The Newspaper's Staff (14 January 2022).
588:Reporter, The Newspaper's Staff (3 December 2021).
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26:
1704:Companies listed on the Pakistan Stock Exchange
1072:"Cnergyico buys majority stake in Puma Energy"
1124:
670:"Black Gold – Amir Abbassciy CEO @ Cnergyico"
8:
396:1,000 petrol pumps. Whereas the State-owned
331:company Cnergyico Industries Incorporated.
21:
1709:Pakistani subsidiaries of foreign companies
1131:
1117:
1109:
20:
1045:"Cnergyico 27 Years Of Making An Impact"
1684:Pakistani companies established in 1995
726:"Amir Abbassciy, CEO of Byco Petroleum"
668:Magazine, Milestone (18 January 2021).
519:
302:Financials as of 30 June 2023
1027:
1025:
1012:
1010:
750:
748:
746:
590:"Byco Petroleum renamed as Cnergyico"
7:
1679:Energy companies established in 1995
612:
610:
850:"BPPL renamed to Cnergyico Pk Ltd"
259:(US$ 650 million) (2023)
236:(US$ 1.3 billion) (2023)
213:(US$ −47 million) (2023)
190:(US$ −23 million) (2023)
167:(US$ 670 million) (2023)
14:
1694:Oil and gas companies of Pakistan
279:Cnergyico Industries Incorporated
1524:Pakistan Aluminium Beverage Cans
1374:International Industries Limited
1140:
706:Hussain, Dilawar (5 June 2002).
249:
248:
226:
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1309:FrieslandCampina Engro Pakistan
334:Cnergyico operates the largest
313:Byco Petroleum Pakistan Limited
299:Footnotes / references
32:Byco Petroleum Pakistan Limited
1714:Companies in the KSE 100 Index
568:"Cnergyico Annual Report 2023"
16:Petroleum refinery in Pakistan
1:
1689:2002 initial public offerings
146:
1379:International Steels Limited
708:"Attock Cement to go public"
327:. It is a subsidiary of the
85:; 29 years ago
1740:
1724:Companies based in Karachi
1244:Colgate-Palmolive Pakistan
1719:Automotive fuel retailers
1699:Oil refineries in Karachi
1657:
1154:
756:"Cnergyico - Our History"
404:has 800 petrol pumps and
402:Total Parco Pakistan Ltd.
297:
30:Bosicor Pakistan Limited
1564:Pakistan Tobacco Company
1294:Fauji Fertilizer Company
965:"Oil Refining Complex I"
943:Profit by Pakistan Today
532:Profit by Pakistan Today
408:. has 766 petrol pumps.
400:has 3,500 petrol pumps,
317:Bosicor Pakistan Limited
1634:Unilever Pakistan Foods
1399:Kohinoor Spinning Mills
990:"Petrochemical Complex"
502:Liquefied petroleum gas
390:Pakistan Stock Exchange
1174:Air Link Communication
496:Compressed natural gas
398:Pakistan State Oil Co.
380:Cnergyico is based in
356:Karachi Stock Exchange
1444:Mehmood Textile Mills
1419:Lucky Core Industries
1264:EFU General Insurance
1649:Yousuf Weaving Mills
1484:Nishat Chunian Power
799:"Cnergyico in Brief"
644:"Cnergyico in Brief"
546:"Board of Directors"
458:Puma Energy Pakistan
438:Single Point Mooring
309:Cnergyico Pk Limited
22:Cnergyico Pk Limited
1364:Indus Motor Company
1304:First Habib Modarba
1224:Bannu Woollen Mills
433:, and Para Xylene.
265:Number of employees
23:
1660:As of October 2024
1604:Standard Chartered
1554:Pakistan State Oil
1544:Pakistan Petroleum
1534:Pakistan Oilfields
854:www.thenews.com.pk
674:Milestone Magazine
406:Shell Pakistan Ltd
323:refinery based in
1666:
1665:
1549:Pakistan Services
1539:Pakistan Refinery
1474:National Refinery
1424:Maple Leaf Cement
1369:Interloop Limited
1284:Fatima Fertilizer
1274:Engro Fertilizers
1269:Engro Corporation
1164:Adamjee Insurance
1146:Companies of the
945:. 16 January 2022
919:. 12 January 2022
778:www.ksestocks.com
624:. 27 January 2022
486:winterized diesel
425:products such as
319:, is a Pakistani
306:
305:
1731:
1574:Punjab Oil Mills
1514:Pak-Gulf Leasing
1504:Packages Limited
1259:Dolmen City REIT
1194:Attock Petroleum
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1102:Official website
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893:. 2 October 2022
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730:The CEO Magazine
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548:. 6 January 2022
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534:. 18 April 2021.
524:
376:Company overview
340:Hub, Balochistan
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174:Operating income
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134:Uzma Abbassciy (
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1614:Systems Limited
1589:Searle Pakistan
1479:Nestlé Pakistan
1449:Millat Tractors
1359:JDW Sugar Mills
1334:HBL Growth Fund
1249:Dawood Hercules
1199:Attock Refinery
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269:725 (2023)
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257:186.613 billion
254:
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241:
234:365.244 billion
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211:−13.617 billion
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165:193.912 billion
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1569:Pioneer Cement
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1489:Nishat Chunian
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1469:National Foods
1466:
1461:
1459:Murree Brewery
1456:
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1429:Mari Petroleum
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1409:Lotte Chemical
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1404:Kot Addu Power
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1229:Bestway Cement
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1219:Bank of Punjab
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1094:External links
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1051:. 29 June 2022
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830:. 29 June 2022
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1464:National Bank
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1354:Ibrahim Fibre
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1279:Engro Polymer
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1234:Cherat Cement
1232:
1230:
1227:
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1209:Bank AL Habib
1207:
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1187:
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1148:KSE 100 Index
1143:
1134:
1129:
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1120:
1115:
1114:
1111:
1103:
1098:
1097:
1093:
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1028:
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1022:
1018:
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1007:
995:
994:cnergyico.com
991:
985:
982:
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969:cnergyico.com
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917:Bloomberg.com
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845:
842:
829:
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819:
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803:cnergyico.com
800:
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475:Gasoline
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