January 28, 2015 12:32 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Petroliam Nasional Berhad

Company Overview

Petroliam Nasional Berhad, together with its subsidiaries, operates as an integrated oil and gas company in Malaysia and internationally. It operates through Exploration and Production, Gas and Power, and Downstream segments. The company engages in the exploration, development, and production of crude oil and natural gas; liquefaction, transportation, and sale of liquefied natural gas (LNG); processing and transmission of natural gas; and sale of natural gas products. It is also involved in refining, trading, and marketing crude oil and petroleum products; and manufacturing, marketing, and trading petrochemical products. In addition, the company owns and operates a network of retail stations...

PETRONAS Twin Towers

Tower 1

Kuala Lumpur City Centre

Kuala Lumpur,  50088


Founded in 1974

49,193 Employees


60 3 2051 5000


60 3 2026 5050

Key Executives for Petroliam Nasional Berhad

Chief Executive Officer
Age: 62
Group Chief Financial Officer and Executive Vice President
Age: 54
Chief Operating Officer
Age: 52
Chief Executive Officer of Upstream
Chief Executive Officer of MISC Berhad and President of MISC Berhad
Age: 59
Compensation as of Fiscal Year 2014.

Petroliam Nasional Berhad Key Developments

Petroliam Nasional Berhad Plans to Trim its Workforce by More Than 10%

Petroleum Nasional Bhd (Petronas) plans to trim its workforce by more than 10% as part of measures to lower operating cost in response to the plunging global oil prices.

Petroliam Nasional Mulls Acquisitions

Petroliam Nasional Berhad, which is curtailing its expenditure, may look for acquisitions. Chief executive officer Tan Sri Shamsul Azhar Abbas said that there is cash urgency for the government's growth contribution and also for Petronas' own needs and future acquisitions.

Petroliam Nasional Berhad Plans USD 1 Billion Investment in C02 Fields

Petroliam Nasional Berhad announced that it will set aside up to USD 1 billion (MYR 3.49 billion) for the development of engineering and technology solutions to recover natural gas from high carbon dioxide (CO2) concentration gas fields. The investment is for the first phase of the project which will run until 2018. The project will be undertaken by Petronas' upstream arm Petronas Carigali and four local and international partners namely Technip Consultant (M) Sdn Bhd, UOP Malaysia Sdn Bhd, General Asia Sdn Bhd and Twister BV. The offshore cryogenic distillation facility aims to reduce the CO2 concentration to 6.5% which makes it suitable for liquified natural gas (LNG) processing.

Recent Private Companies Transactions

November 11, 2014
Malaysian Refining Company Sdn. Bhd.
October 13, 2014
15.5% in Shah Deniz, 15.81% in South Caucasus Pipeline, 12.4% in Azerbaijan Gas Supply
April 29, 2014
15% Stake in Pacific NorthWest LNG Ltd. and Destined Natural Gas Reserves in British Columbia

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