National Refinery Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023

National Refinery Limited is a Pakistan-based petroleum refining and petrochemical company, which is engaged in manufacturing and supplying a wide range of fuel products; lubes; Benzene, Toluene and Xylene (BTX); asphalts, and specialty products for domestic consumption and export. The Company's segments include fuel and lube. The fuel segment produces high-speed diesel, naphtha, motor gasoline, liquefied petroleum gas, jet fuels and furnace oil. The lube segment produces multiple grades of lube base oils, bitumen, furnace oil, waxes, rubber process oil and some quantities of other fuel products. Its products are marketed locally, whereas naphtha is exported. Its refinery complex comprises of three refineries, consisting of two lube refineries and a fuel refinery. It has also commissioned Diesel Hydro De-sulphurisation and Isomerisation units. Its crude oil processing and lube base production capacity is approximately 70,000 barrels per day and 6000 metric tons per year respectively.