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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. The corporation, with a presence in over 100 ...
Malaysian state-owned energy giant Petroliam Nasional Berhad said on Friday it would reshape its portfolio after reporting its first quarterly loss in nearly five years following a coronavirus ...
citizenM was founded by Rattan Chadha [4] in 2005. [5] The branding and logo were designed by KesselsKramer. [6]Its guest-room entertainment as of 2013 was provided by Swisscom Hospitality Services, which provides a music library and free video-on-demand TV through a Samsung tablet in each guest room.
Petronas accounted for more than 20% of the Malaysian government's revenue from 2018 to 2023. The Malaysian government has been actively cutting down on its reliance of petroleum with an expected contribution of approximately RM32 billion (around US$7 billion) from Petronas and RM64 billion (US$13.9 billion) from petroleum-derived revenues ...
In 2023 they made revenue of USD 722 million. The drop in revenue was because of the lower price for oil per barrel that year. Their contribution to the Surinamese state treasury was USD 335 million. Other players in the off-shore oil industry in Suriname are Total Energies, Apache, Shell and Petronas.
Development of the Petronas Towers Tower 1 level 43 floor plan from a Rub el Hizb symbol. [13] The cross section of the Petronas Towers is based on a Rub el Hizb, albeit with circular sectors similar to the bottom part of the Qutub Minar. The Petronas Towers at night, 2008. The towers were designed by Argentine-American architect César Pelli.
Petronas has exclusive ownership rights over oil and gas within Malaysia's territory, although it can license rights to other companies. Revenue from Petronas provides a significant proportion of national government revenue (35% in 2019), and the states of Sabah and Sarawak additionally levy a 5% tax on production within their territory.
The group is 75%-owned by Petronas through direct and indirect interests. KLCCP was incorporated in 2004 as a vehicle to offer a portion of Petronas's property holdings to the public. In 2013, the company undertook a corporate restructuring, which involved the transfer of three prime real estate office properties, including the Petronas Towers ...