October 23, 2014 12:59 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

49,193 Employees

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

Petronas Collaborates with Maruti Suzuki

Petronas has collaborated with Maruti Suzuki as it's lubricant partner. The collaboration will see Petronas gain access to Maruti Suzuki's entire sales and service network. Petronas has developed a customised Syntium 3000 SZ MGDO 5W40 lubricant for Maruti Suzuki's diesel vehicles. The lubricant is claimed to be formulated for new diesel engines and is engineered for full service life in extended drain conditions. The Syntium oil is produced to minimize the tendency oil thickening at high operating temperatures, reducing wear and tear for prolonged engine life, optimizing the engine's performance while also bringing down the frictional losses and wear during cold start-ups.

YPF and Petronas Sign $550 Million Deal to Develop Vaca Muerta

YPF and Petronas signed a $550 million agreement to development nonconventional oil in the Vaca Muerta formation. The pilot stage will begin at the start of 2015, and the $550 million would be invested in the first three years of the project. Petronas's share will be $475 million. If the initial production is successful, more than $1 billion could be invested in five years.

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.

Similar Private Companies By Industry

Company Name Region
UMW Offshore Drilling Sdn Bhd Asia
PETRONAS LNG Limited Asia
HiRex Petroleum Sdn. Bhd. Asia
Genting Oil and Gas Limited Asia
Far Frontier (M) Sdn Bhd. Asia

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 13, 2014
15.5% in Shah Deniz, 15.81% in South Caucasus Pipeline, 12.4% in Azerbaijan Gas Supply
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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