July 25, 2014 2:53 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

Malaysia

Founded in 1974

Phone:

60 3 2051 5000

Fax:

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: 58
Compensation as of Fiscal Year 2014.

Petroliam Nasional Berhad Key Developments

Petroliam Nasional Berhad Provides Update on Legal Case Files by the Kelantan Government

The Kelantan government's suit against Petroliam Nasional Berhad (Petronas) over oil royalty need not go for full trial. A five-man Federal Court panel, led by judge Tan Sri Abdull Hamid Embong, held that there was no dispute of facts in the case requiring the calling of witnesses. The court panel, which also comprised Federal Court judges Tan Sri Suriyadi Halim Omar, Tan Sri Ahmad Maarop, Tan Sri Hasan Lah and Datuk Zainun Ali, ordered the state government to pay MYR 150,000 costs to Petronas and the government. The suit will now revert for case management on July 22 before High Court judicial commissioner Rosilah Yop.

Johor Sultan Reportedly Eyes Stake In Pengerang Plant

The Sultan of Johor Sultan Ibrahim Sultan Iskandar has emerged as another contender for a stake in the MYR 3 billion project of Petroliam Nasional Berhad, says the industry executive, and has his eye on a 10% stake at least, which could eat into share of Keppel Corporation Limited (SGX:BN4). The sultan gets a stake in the plant, it could push Keppel out, say industry players.

Petronas Wins Programme Management Consultancy Contract for Refinery and Petrochemical Integrated Development Project in Pengerang

Petronas has awarded the Programme Management Consultancy contract for the Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang. The company announced the contract includes the overall project and site management, project management services for engineering, procurement, construction and commissioning packages within RAPID throughout the pre-award, engineering and procurement, construction and commissioning as well as warranty management and close-out phases.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 29, 2014
15% Stake in Pacific NorthWest LNG Ltd. and Destined Natural Gas Reserves in British Columbia
Merger/Acquisition
February 25, 2014
Petroliam Nasional Berhad, Canadian Shale Gas Assets
 

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