On July 5, CVO Petro halted production for three months as Petrobangla stopped supplying condensate to themCVO Petrochemical Refinery Limited extended its production halt indefinitely on Thursda due to continuing shortage of condensate, a gas by-product used as a main raw material by refineries. On July 5, CVO Petro halted production for three months as Petrobangla stopped supplying condensate to them. The company is engaged in the production and sale of fuel like motor spirit, high speed diesel and mineral turpentine from natural gas condensate. The share price of CVO Petrochemical Refinery closed at Tk115.40 each on Thursday with a loss of 0.09% or Tk0.01 on the Dhaka bourse. CVO Petrochemical Refinery was known as Chittagong Vegetable Oil Industries Limited before 2010.

Source: Dhaka Tribune October 01, 2020 15:00 UTC