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Petroliam Nasional Berhad, commonly known as PETRONAS (stylized 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.
Universiti Teknologi Petronas. Uzbekistan GTL. Categories: Oil and gas companies of Malaysia. Government-owned companies of Malaysia. Automotive fuel retailers. Malaysian brands. Conglomerate companies of Malaysia. Hidden categories:
In 2006 White Nile (5B) Petroleum Operating Co started production at the Thar Jath field in Block 5A on behalf of the Contractors (Petronas, ONGC and Sudapet). The company was jointly owned by Petronas of Malaysia (50%) and Sudapet of Sudan (50%). The initial rate of production was 40,000 bbl/day, expected to rise to 54,000 bbl/day by 2009 and ...
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.
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80 km 2. 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 will house oil refineries, naphtha crackers, petrochemical plants, liquefied natural gas (LNG) terminals and a regasification plant upon completion. [1][2][3]
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.
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]