Cynergico, an oil refining company, has unveiled plans to modernize its operations in Pakistan to align with global standards, aiming to produce premium-grade petrol and diesel products for enhanced profitability.
As part of this initiative, Cynergico intends to double its processing capacity to 50 thousand barrels, thereby bolstering domestic oil refining capabilities within the country.
Scheduled for completion by 2028, this ambitious project comes with an estimated investment of one billion dollars, signaling a significant commitment towards advancing Pakistan’s oil refining sector.
The upgradation initiative is expected to curb reliance on furnace oil and reduce the need for costly imports of refined products, leading to substantial foreign exchange savings. Moreover, the facilitative measures undertaken by the Special Investment Facilitation Council are poised to streamline collaboration between the government and private oil entities, fostering an environment conducive to sustainable growth and development.
