• March 8, 2018 : We are pleased to inform that National Refinery Limited (the Company) has entered into an agreement with M/s. HUALU of China and signed Engineering, Procurement, Construction and Commissioning (EPCC) contract for Revamp of Two-Stage Distillation Unit at Lube-I Refinery. With the contract value of US$ 8.429 million, the total estimated project cost is Rs.1.329 billion approximately. The funding of the project will be arranged by company’s own resources and the said project is expected to be completed in eighteen months. The Revamp Project aims to increase Company’s crude oil processing capacity by 5,000 barrels per day and LBO production by 6,000 M. Tons per year.
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• November 23, 2017 : We are pleased to inform our shareholders that dividend warrants in respect of NRL Final Cash Dividend (D-70) for the year ended June 30, 2017 at the rate of Rs. 22.50/- per ordinary share of Rs. 10/- each i.e. 225%, have been dispatched through registered post or courier service to all the entitled shareholders - i.e. shareholders whose names were appearing in the Register of Members of the Company as on October 18, 2017.
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• October 10, 2017 : With immense pleasure it is to inform that NRL Isomerization Unit (PENEX) and its Auxiliary Units (Naphtha Splitter and Naphtha Hydrotreater) have successfully commenced operations. Completion of Isomerization Unit has enabled the refinery to increase the production of 90 RON Motor Gasoline from 156,000 MT per year to 292,000 MT per year.
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• September 11, 2017 : The Board of Directors of the Company in its meeting held on September 11, 2017 has recommended for final cash dividend @ Rs.22.50/= per share i.e., 225% for the year ended June 30, 2017.
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• September 11, 2017 : The Board of Directors of the Company in its meeting held on September 11, 2017 has recommended for final cash dividend @ Rs.22.50/= per share i.e., 225% for the year ended June 30, 2017.
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• September 11, 2017 : The Annual General Meeting of National Refinery Limited is scheduled to be held on October 24, 2017 at 1400 hours at Marriott Hotel, Karachi.
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• June 21, 2017 : With immense pleasure it is to inform that NRL Diesel Hydro Desulphurization (DHDS) and Auxiliary Units have successfully commenced operations. Completion of DHDS has enabled the Refinery to comply with Government directives to produce High Speed Diesel (HSD) meeting low Sulphur (500 ppm) Euro-II specifications. The plant has a potential to reduce Sulphur content to a value as low as 10 ppm.
Naphtha Isomerization (ISOM) Unit is in start-up phase where its Auxiliary Units (Naphtha Splitter and Naphtha Hydrotreater) have already been commissioned and the Refinery will produce additional Motor Gasoline by end of September 2017
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• April 17, 2017 : The Board of Directors in its meeting held today, April 17, 2017 noted that the revamp of crude distillation column has been successfully completed. As a result, the crude oil processing capacity has been enhanced by 3000 barrels per day increasing the overall designed capacity from 62,000 barrels per day to 65,000 barrels per day.
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The Company has reduced its Projects financing facility with consortium of banks from Rs. 24.2 billion to Rs. 12.1 billion as most of the project is financed by company’s own resources.
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The shareholders in the Annual General Meeting held on September 26, 2016 has approved transmission
of Audited Financial Statements, auditors' report and directors' report etc. (i.e., Annual Report)
in soft form i.e., through CD/DVD/USB as allowed by the Securities and Exchange Commission of Pakistan (SECP)
through S.R.O. 470(I)2016 dated 21-05-2016. However, those members/shareholders of the Company who desire
to opt for transmission of annual report in printed hard copy form may send their request providing requisite
information in the prescribed form as available on the website under 'investor's information' section.
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