Shams ul Nisa

 Cnergyico PK Limited leads efforts to advocate  regulatory reforms to fast-track refinery expansion and brownfield project development, reports WealthPK. The company aims to enhance efficiency, strengthen infrastructure, and meet the nation’s rising energy needs as part of its broader vision to modernize the refining sector.

Furthermore, Cnergyico is actively engaging with government authorities to address tax policy changes that have disrupted refinery investments. Additionally, the company is pushing for reforms under the Brownfield Oil Refining Policy to restore investor confidence, support upgrades, and ensure the long-term sustainability of Pakistan’s refining sector.

Cnergyico demonstrated resilience in the 1HFY25, with a strong financial performance despite market challenges. The company’s gross sales surged by 54% to Rs185.9 billion, while net profit rebounded to Rs1.7 billion after a loss in the previous year. Similarly, operating profit also saw significant growth, reaching Rs4.4 billion, driven by enhanced efficiency and cost management.

Despite challenges such as high borrowing costs, fuel smuggling, and inventory losses from surplus imports, Cnergyico has adopted strategic measures to reinforce its operations. The company effectively reduced finance costs amid declining KIBOR rates, eased inventory burdens by exporting surplus furnace oil and naphtha, and optimized refining efficiency through enhanced crude oil planning and cost management.

Moreover, Cnergyico is strengthening its commitment to sustainability by adopting advanced, eco-friendly technologies in its refinery upgrades. These enhancements aim to reduce emissions, improve energy efficiency, and align with global clean energy standards. The company is also exploring renewable energy solutions to support sustainable growth and environmental responsibility as part of its long-term strategy.

Therefore, Cnergyico remains optimistic about its future as regulatory reforms progress and market conditions stabilize. The company plans to expand refining capacity through brownfield projects, enhance operational efficiency, and adopt advanced technologies to produce cleaner fuels.

Hence, Cnergyico’s refinery expansion aligns with Pakistan’s energy objectives by enhancing cleaner fuel production, cutting reliance on imports, and minimizing emissions. The company is dedicated to driving regulatory reforms and modernization, ensuring long-term shareholder value while supporting national energy security. Thus, the company reinforces its leadership in energy production and regulatory advocacy, setting new benchmarks for industry excellence by continuously innovating and responding to market dynamics.

Credit: INP-WealthPk