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The Peninsular Gas Utilization (PGU) is the longest pipeline in Malaysia. The 2,623 km (1,630 mi) pipeline connects the Kerteh refinery in Terengganu to other areas of peninsula Malaysia. It is owned and operated by Petronas Gas Berhad on behalf of its holding company Petronas .
On 8 May 2020, Petronas agreed to pay RM 2 billion in petroleum products sales tax to Sarawak with a condition that the tax will be lowered on a staggered basis in the future. Besides, both parties also agreed that the Petroleum Development Act 1974 is valid with Petronas as the sole regulator of oil and gas industry in Malaysia. [48]
PETRONAS was also the main sponsor for the Malaysian Grand Prix, and co-sponsored the Chinese Grand Prix, and the inaugural Korean Grand Prix. PETRONAS was the exclusive premium partner of the Sauber PETRONAS (1995–2005) and BMW Sauber (2006–2009) F1 teams. BMW had acquired the controlling stake of the former Sauber PETRONAS Engineering ...
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Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
Kerteh is the base of operations for Petronas in Terengganu, overseeing the oil platform operations off the state's coast as well as petrochemicals production, [1] natural gas processing [2] and crude oil refining. [3] The oil refinery began operating in March 1983 and reached full capacity by late 1983.
“With a 14th consecutive weekly decline, the national average price of gasoline has now surpassed 2018’s record decline, seeing its longest downward streak since 2015,” said Patrick De Haan ...
The pipeline is part of the Petronas development project of "Sabah–Sarawak Integrated Oil and Gas Project", [1] and has start operating since early 2014. [2] Due to the unstable geographic location of the pipeline with frequent soil movement and subsidence that is causing frequent gas leaks, the pipeline between Lawas to Bintulu is in the ...
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