The Board of Directors of Byco Petroleum Pakistan Ltd, Pakistan’s largest refining company, resolved to change the name of the company from Byco Petroleum Pakistan Limited to Cinergyco PK Limited.
Over the years, five group companies had merged successively to form the company that will now be called Cinergyco Pk Limited. In this regard, an Extraordinary General Meeting will be called for shareholders’ approval.
“We are Pakistan’s only vertically integrated petroleum company, with more than 400 retail outlets across the country. The oil & gas industry is currently undergoing a metamorphosis, exploring alternate energy sources, responding to climate change, and evolving new business models,” said Amir Abbassciy, Chief Executive Officer, Byco Petroleum Pakistan Limited.
“We are intensifying our investment to further modernize our business and to cater to tomorrow’s petrochemicals and energy requirements of our nation. To commemorate this investment, we are rebranding ourselves as Cinergyco PK Limited to reflect our new positioning in the industry. We aim to create synergy in the energy vertical, leveraging our strengths and new forms of energy that are developing both locally and globally,” he added.