KARACHI: Cnergyico Pk Limited held its 32nd Annual General Meeting (AGM) on October 28, 2026, in Karachi, reviewing the company’s performance for FY2026 and outlining its strategic priorities for the coming year.
Thank you for reading this post, don't forget to subscribe!The meeting was chaired by Vice Chairman Usama Qureshi and attended by members of the Board of Directors and senior management.
A key highlight was the Upgradation Agreement signed with the Government of Pakistan in September 2026 under the Pakistan Oil Refining Policy. The agreement marks an important step towards modernising Cnergyico’s refinery operations, improving efficiency and strengthening its contribution to Pakistan’s energy sector.
Cnergyico operates some of the country’s largest oil refining and storage infrastructure, including:
156,000 barrels per day (bpd) of refining capacity, the largest in Pakistan.
Pakistan’s first and only Single Buoy Mooring (SBM), recognised as a strategic national asset and serving as the country’s third port for crude oil imports.
The country’s largest crude oil storage facility.
A nationwide network of more than 480 Byco fuel stations.
During the meeting, shareholders and analysts held discussions with the company’s leadership on its financial and operational performance, ongoing initiatives and future plans.
The management expressed its appreciation to employees, shareholders, business partners, suppliers, financial institutions, customers and the Government of Pakistan for their continued confidence and support.
Cnergyico reiterated its commitment to supporting Pakistan’s growing energy requirements, reducing dependence on imported fuels and enhancing national energy security. The company also emphasised its focus on environmental protection and supporting communities in areas surrounding its operations.
