August 20, 2014 10:47 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 Is In Talks With Potential Buyers

Petroliam Nasional Berhad is in talks with three to four potential buyers, Tan Sri Shamsul Azhar Abbas, President and Chief Executive Officer of Petroliam. "We are in no hurry to sell the stakes. We are talking to potential buyers from Japan and the Middle East," Tan Sri Shamsul Azhar added.

Petronas Reports Earnings and Production Results for the Second Quarter Ended June 2014

Petronas reported earnings and production results for the second quarter ended June 2014. Net profit surged 38% year-on-year boosted by higher oil and liquefied natural gas sales volume. Net profit climbed to MYR 21.06 billion ($660.8 million) from MYR 15.26 billion compared to the same period last year. Revenue, meanwhile, jumped 15% to MYR 85.36 billion during the quarter, helped by the local ringgit weakening against the dollar. The company said total domestic and international production rose 6.3% in the second quarter to 2.21 million barrels of oil equivalent a day from 2.08 million barrels a day last year. The company said it increased output in South Sudan, Iraq and Malaysia.

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.

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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