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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 ...
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Petronas is also the custodian of oil and gas reserves for Malaysia. Hence, all oil and gas activities are regulated by Petronas. Malaysia encourages foreign oil company participation through production sharing contracts, in which significant amount of oil will be given away to the foreign oil company until it reaches a production milestone.
On 21 November 2019, the Sarawak government filed a suit against Petronas for not paying the 5% sales tax. [45] In February 2020, Petros took full control of natural gas supply, sales, and distribution network in the state from Petronas. [46] In March 2020, high court ruled that Sarawak has the power to impose sales tax on Petronas. [47]
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 ...
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PETRONAS CHEMICALS GROUP BHD: 5183 Chemicals 55.36 billion PETRONAS DAGANGAN BHD: 5681 Oil and gas 20.29 billion PETRONAS GAS BHD: 6033 Oil and gas 36.30 billion PPB GROUP BHD: 4065 Plantation & Properties 21.26 billion PRESS METAL ALUMINIUM HOLDINGS BERHAD: 8869 Metals 44.16 billion PUBLIC BANK BHD: 1295 Financial services 81.65 billion QL ...
Pengerang Integrated Petroleum Complex (PIPC) is a megaproject development in Pengerang, Kota Tinggi District, Johor, Malaysia.It spans over an area of 80 km 2 and is currently the largest petrochemical complex in Malaysia, and one of the major petrochemical hubs in the world. [1]