Our History

Cnergyico Group was founded by the Founder Chairman, Mr. Parvez Abbasi (Late) in mid-90’s with a vision to pioneer change in the energy sector of Pakistan. With his vision, Cnergyico Pk Limited was formed in January 1995 as a public limited company.

Cnergyico installed its first oil refinery with a capacity of 30,000 bpd at Mouza Kund, Hub, Balochistan, and started its commercial production from July 1, 2004 with various saleable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil.

In 2007, Cnergyico decided to enter the Petroleum Marketing Business and set up its first retail outlet, and since then the retail network has grown immensely.

After the first refinery implementation, the group decided to commence another project to implement a 120,000 barrels a day refinery under the new company, Byco Oil Pakistan Limited, in 2008.

In 2012, Cnergyico achieved another milestone by successfully completing its Single Point Mooring (SPM) project. This floating liquid port is the first of its kind in the country and has a capacity to handle very large petroleum cargo vessels.

In Dec 2015, Cnergyico successfully commissioned the largest refinery in the country. This new refinery is installed in the vicinity of the existing refinery and has a capacity of 120,000 barrels a day.


Historical Highlights

2021Byco Petroleum Pakistan Limited is renamed Cnergyico Pk Limited.
Byco Petroleum Pakistan Limited is renamed Cnergyico Pk Limited.

2021Upgrade-1 Project
Groundbreaking of Byco's Upgrade-1 Project

2020Annual gross profit
Byco Petroleum reports 48% increase in annual gross profit to Rs. 2.9 billion, despite unprecedented challenges

2019UNDP partners with Byco
UNDP partners with Byco Petroleum Pakistan Limited to conserve water

2018Byco Commissioned
Byco Commissioned Catalytic Reformer at ORC-2.

2017Import of 5 million metric
Byco's Single Point Mooring completes the import of 5 million metric tons of oil since its commissioning in 2012

2017ORC-2 is re-commissione
ORC-2 is re-commissione adding additional refining capacity of 120,000 bpd bringing Byco's total capacity to 155,000 bpd, making BPPL Pakistan's largest oil

2017300th Retail Outlet.
BPPL launches its 300th Retail Outlet

2017BOPL and BTPL, BPPL merged
Byco Oil Pakistan Limited(BOPL) and Byco Terminals Pakistan Limited(BTPL) are merged into BPPL.

2017AAA rated private sector Sukuk
Byco issues it's first-ever AAA rated private sector Sukuk on 17 February 2017

2015ORC-2 Inauguration
ORC-2 is inaugurated by the Prime Minister of Pakistan on 12 June 2015.

2012Byco Commissions First Ever Single Point Mooring in Pakistan
Dec 2012, the first ever oil tanker berthed at its newly-established deep sea Single Point Mooring (SPM) facility constructed by BTPL. Oil tanker, M.T ARIETIS, carrying 70,000 tons of Upper Zakum crude oil from Abu Dhabi marked the commissioning of 3rd port in Pakistan.

2012Long Service Awards & Safety Awards
Oct 2012, Byco held Long Service Awards and the Safety Awards ceremony.

2010Single Point Mooring and Pipeline Project
Project for Single Point Mooring and Pipeline network was initiated after a ground breaking project ceremony.

2010Rebranding Byco
An unparalleled and unique brand architecture exercise was performed by international brand consultants to position Byco over and above its competition. This exercise was aimed to strengthen the corporate image and enabling to compete locally and globally.

2010Capacity Enhancement of Byco Petroleum Pakistan Limited Refinery
ORC I refining capacity was enhanced to 35,000 bpd.

2010Acquisition of BTPL by Byco Petroleum Pakistan Limited
Byco Petroleum acquired 100% shares of Byco Terminals Pakistan Limited - with a terminal at Kemari, Karachi.

2009Completion of Storage Tanks
Byco Petroleum Pakistan Limited built the largest capacity Storage Tanks in the country.

2009Petroleum Marketing Business
Byco Petroleum Pakistan Limited entered into the Oil Marketing arena by formally relaunching its Petroleum Marketing Business formerly Oil Marketing Unit.

2008Relocation of Byco Oil Pakistan Limited (BOPL) Refinery
Commencement of construction of 120,000 bpd refinery.

2008Joint venture with Abraaj Capital Limited
Abraaj Capital Limited (ACL), a leading private equity firm of Middle East, North Africa and South Asia (MENASA), joined hands with Byco group. Under the agreed arrangement, Abraaj acquired 40 % share in Byco group.

2008Revamp and Debottlenecking
BPPL Refinery Capacity was revamped and debottlenecking was done.

2007First Retail Outlet
Byco commenced the sale of petroleum products with the establishment of its first retail outlet in June 2007 near Sukkur.

2006SAP Implementation
SAP enterprise resource planning, one of the leading ERP software is active with strong presence in the Organization since 2006. This has enhanced system efficiencies by providing real time information to the Management for decision making.

2004Commencement of commercial operations
The Company started its commercial production from July 1, 2004 refining crude oil into various saleable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil.

2001Relocation of BPPL Refinery
Commencement of construction of Byco first refinery (ORC I).

1995Incorporation of Byco Petroleum Pakistan Limited (BPPL)
Byco Petroleum Pakistan Limited was incorporated in Pakistan as a public limited company on January, 1995 and was granted a certificate of commencement of business on March 13, 1995. The shares are listed on the Pakistan Stock Exchange Limited.