Oil, Gas and Consumable Fuels
Company Overview of Petroliam Nasional Berhad
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
Kuala Lumpur City Centre
Kuala Lumpur, 50088
Founded in 1974
Key Executives for Petroliam Nasional Berhad
Chief Executive Officer, President and Executive Director
Group Chief Financial Officer, Executive Vice President and Executive Director
Executive Vice President, Chief Executive Officer of Downstream Business and Director
Senior Vice President and Chief Executive Officer of Petronas Refinery & Petrochemical Corporation Sdn Bhd
Chief Executive Officer of Upstream, Executive Vice President of Upstream and Executive Director
Compensation as of Fiscal Year 2015.
Petroliam Nasional Berhad Key Developments
Petronas Appoints New Board Members
Oct 1 15
Petronas appointed Tan Sri Zarinah Anwar and Datuk Sharifah Sofianny Syed Hussain as its board members with effect from August 17 and October 1, respectively. Zarinah, who was former Chairman of the Securities Commission, currently chairs the Malaysia Venture Capital Development Council and is a member of the Performance Management and Delivery Unit Board of Trustees. An accountant by qualification, Sharifah Sofianny began her career with Shell Malaysia, serving in auditing and accountancy roles. In 2012, she was appointed as Maybank Investment Bhd's Head of Institutional Equities and held various senior roles within the group.
Petronas Is Said To Consider Buying Statoil’s Stake In TAP Project
Sep 2 15
Petroliam Nasional Berhad (Petronas) is said to consider buying Statoil ASA's (OB:STL) stake in TAP project, a gas pipeline into Europe from the Caspian basin, two people with knowledge of the matter said. Petroliam Nasional may buy Statoil's 20% stake in the project, said the people, who asked not to be identified as the process is confidential. No final decision has been made and Petronas may choose not to pursue the acquisition, they said. A spokeswoman for TAP declined to comment via e-mail on potential changes to shareholdings in the project, reported Edge Malaysia, and representatives for Statoil and Petronas didn’t immediately respond to requests for comment.
Reliance Industries Eyeing Petronas Stake In Venezuela Project
Sep 1 15
Reliance Industries Limited (NSEI:RELIANCE) (RIL) is looking at buying Petroliam Nasional Berhad's 11% stake in Venezuela's $20 billion Carabobo-1 project, a company official said on September 1, 2015. Petroliam Nasional has decided to withdraw from the Carabobo-I project in August 2014 following dispute over terms with Venezuela's state explorer Petroleos de Venezuela SA (PdVSA). The stake was first offered to the partners, all of whom including the Indian consortium declined. Besides RIL, Chinese firms too are said to be interested in Petronas stake. Bham said RIL was looking at Petronas stake as well as other heavy oil upgrade projects in Venezuela for a possible participation. Latin America, he said, was of interest to RIL and the company was also eagerly looking at opening up of exploration licenses in Mexico.
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