National Refinery Limited

New CUIN Registration number 0001747 NTN-No 0711325-7
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National Refinery Limited ( NRL ) was incorporated on August 19, 1963 as a public limited company. Government of Pakistan took over the management of NRL under the Economic Reforms Order, 1972 under the Ministry of Production, which was exercising control through its shareholding in State Petroleum Refining and Petrochemical Corporation (PERAC).

Intorduction

The management of the Company was taken over by the (Attock) Pharaon Group in Pakistan on July 7, 2005 from Government of Pakistan. The investment of the Pharaon Group in Pakistan have over the past decade achieved phenomenal expansion as a result of which it has not only become the largest stakeholder in the oil and gas sector of the country.

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News


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.

The Annual General Meeting of National Refinery Limited is scheduled to be held on October 24, 2017 at 1400 hours at Marriott Hotel, Karachi.

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.

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 pm.

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 mid of July 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.

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.

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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