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Petroliam Nasional Berhad, commonly known as PETRONAS (stylised in all caps), is a Malaysian multinational oil and gas company headquartered in Kuala Lumpur.Established in 1974, it is a legal entity incorporated under the Malaysian Companies Act 1965 and reports to the company's Board of Directors.
Azizan joined Petronas as President and CEO, holding the position from February 1988 to February 1995 under the recommendation of Prime Minister Mahathir Mohamad.In addition, he was chairman of Malaysia Airlines, Putrajaya Corporation, KLCC Holdings (M) Sdn Bhd, Petronas Carigali Sdn Bhd, MTBE Malaysia Sdn Bhd, Petronas Trading Limited, Malaysia LNG Sdn Bhd and Suria KLCC Sdn Bhd.
Petron Corporation is the largest oil refining and marketing company in the Philippines, [4] supplying more than a third of the country's oil requirements. It operates a refinery in Limay, Bataan with a rated capacity of 180,000 barrels per day (29,000 m 3 /d). From the refinery, Petron moves its products mainly by sea to 32 depots and ...
In June 2017, the Chief Minister of Sarawak, Abang Johari Openg, announced that Sarawak will establish a state-owned oil and gas exploration company. [24] On 4 July 2017, Abang Johari announced [25] that the petroleum company would be 100 percent owned by Sarawak and will work with Petronas on an equal basis. [26]
The company's growth was halted by the 1973 oil crisis. The entire country was affected, and the "Brazilian miracle", a period when annual GDP growth exceeded 10%, ended. Petrobras nearly went bankrupt. [30] In 1974, the company discovered an oil field in the Campos Basin. This discovery boosted its finances and helped it restructure nationwide ...
Brunei, which was the world's ninth-largest liquified natural gas (LNG) exporter in 2013, [5] also created a joint venture with the Malaysian oil company, Petronas, to build a natural gas liquification plant in British Columbia, Canada. The move would give PetroleumBRUNEI new and additional expertise in the LNG industry. [6]
In 2004, Petronas sold a 46% interest in KLCCP in one of the largest initial public offerings in Malaysia that year. [3] In 2013, the company undertook a corporate restructuring in which it injected the Petronas Twin Towers, Petronas Tower 3 and Menara ExxonMobil into the newly created KLCC REIT. [4]
He was the president and CEO of Petronas from April 2015 until 30 June 2020, [1] taking over from Tan Sri Shamsul Azhar Abbas. [6] In June 2018, Attorney General of Sarawak requested that Petronas be relieved of its authority role in the oil and gas market in the Sarawak region. [7] Zulkiflee has stated that oil and gas royalties and regulatory ...