Attock Refinery Limited (ARL) is a key player in Pakistan’s downstream petroleum sector. On Thursday, the company announced a major update. Receipts of crude oil and product dispatches through oil tankers have finally started to normalize. Consequently, the listed refinery shared this crucial development through an official notice to the Pakistan Stock Exchange (PSX).
Earlier on Wednesday, Attock Refinery Limited (ARL) faced a sudden operational hurdle. The company had to shut down its main crude distillation unit (HBU-I). This specific unit holds a substantial capacity of 32,400 Barrels Per Stream Day (BPSD).
This shutdown occurred due to the expected arrival of foreign delegates in Islamabad. Because of these high-profile visits, authorities abruptly suspended oil tank lorry movement to and from the facility. Therefore, the restriction adversely impacted crude oil receipts and product dispatches. It directly affected the refinery’s core operations.
Fortunately, the operational disruption was temporary. In its latest PSX notice today, ARL confirmed that the situation has started to normalize. This improvement happened following timely intervention and support from the relevant authorities.
Furthermore, the company shared an optimistic outlook with the bourse. ARL officially expects completely normal operations to resume within the next few days.
Attock Refinery principally engages in the refining of crude oil. Originally, the business was incorporated in Pakistan as a private limited company on November 8, 1978. Later, it converted into a public company on June 26, 1979.
Presently, the company operates as a subsidiary of Attock Oil Company Limited (England). Meanwhile, its ultimate parent company is Coral Holding Limited, a private limited company incorporated in Malta.
