Petronas

INTRODUCTION

PETRONAS (Petroliam National Berhad) is the national oil and gas company of Malaysia and is wholly-owned by the Government of Malaysia. It was incorporated on 17 August 1974 as the national oil company of Malaysia, vested with the entire ownership and control of the petroleum resources in the country. It has since grown from merely being the manager and regulator of Malaysia’s upstream sector into a fully integrated oil and gas corporation, ranked among the FORTUNE Global 500® largest corporations in the world.

Over the years, we have gained unique experience and expertise in nation building and this, coupled with our technical and operational competencies have allowed PETRONAS to be increasingly accepted as the preferred strategic partner by international companies and the host countries where we operate. This augurs well for the realisation of our vision to become a “Leading Oil and Gas Multinational of Choice”.

Much of PETRONAS’ success can be attributed to our ability to strike a balance between being a state-owned entity and a full-fledged commercial organisation. As a state-owned entity, PETRONAS is responsible for the effective management of Malaysia’s oil and gas resources, to add value to this national asset and to ensure the orderly and sustainable development of the nation’s petroleum industry. As a business entity, we conduct our operations in a prudent and commercially oriented manner to compete effectively in the increasingly challenging global business environment, while maximizing returns to our shareholders.

With a proven track record in integrated petroleum operations on our home ground, we embarked on a strategic globalization programme in the early 1990s to augment Malaysia’s crude oil and gas reserves, add value to our core business and provide exciting new challenges for our young employees.

INTRODUCTION

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