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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]
Oil refinery in Kerteh. 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.
Pages in category "Oil and gas companies of Malaysia" The following 10 pages are in this category, out of 10 total. ... Petronas Methanol; S. Sapura Energy;
The corporation, with a presence in over 100 countries, is vested with all oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. In the annual Fortune Global 500 list for 2022, Petronas was ranked at 216th. It also ranked 48th globally in the 2020 Bentley Infrastructure 500 ...
PDT received its first shipment of oil in the first quarter of 2014. The other component of PIPC is the Petronas Pengerang Integrated Complex (PIC), Petronas' largest downstream investment in a single location to date. [10] The development includes the US$16 billion Refinery and Petrochemical Integrated Development Project (RAPID).
Malaysia LNG is a subsidiary of the Malaysian national oil and gas company Petronas, which is a majority shareholder in all three LNG Ventures (MLNG Satu, MLNG Dua and MLNG Tiga). Besides Petronas, Royal Dutch Shell, Mitsubishi, JX Nippon Oil and the Sarawak Government hold a minority stake.
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 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 .