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OGDCL profit down 20pc to Rs24.120bln in Q3


Business
April 28, 2021
KARACHI: Oil and Gas Development Company Limited (OGDCL) profit declined 20 percent to Rs24.120 billion in the quarter ended March 31, 2021, translating into earnings per share (EPS) of Rs5.61, a bourse filing said on Tuesday.
The company earned Rs30.010 billion with EPS of Rs6.98 during the same period last year. The company announced third interim cash dividend at Rs1.80/share in addition to earlier interim dividends of Rs3.60/share.
OGDCL’s nine month profit in fiscal year 2020-2021 declined 20 percent to Rs66.346 billion compared to Rs83.122 billion in the same period last fiscal. The EPS in 9MFY21 was Rs15.43 compared to Rs19.33 in the same period of FY20. ....

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Byco Refinery to convert FO into petrol, diesel by 2024


Byco Refinery to convert FO into petrol, diesel by 2024
National
April 17, 2021
HUB, Balochistan: In a welcoming development, the Byco Refinery has taken the lead in initiating the process to install an upgraded plant in its vicinity aiming to convert furnace oil (FO) by 2024 into petrol and diesel at par with standards of Euro-5/6.
And this is how the refinery, with the capacity to convert crude oil of 155,000 barrels per day into POL products, will be having the capacity to refine the crude oil of 200,000 BPD.
Top notches of various departments of the refinery told this to a select group of journalists from Islamabad here at Hub. The journalists were not only shown various important facilities of the refinery and briefed about their working, they were also taken to the central control room from where the whole functions of various important plants are controlled while refining the crude oil into different petroleum, oil and lubricants. ....

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