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PETRONAS is short for Petroliam Nasional Berhad. It was established on August 17, 1974 as the national oil company of Malaysia, vested with the entire ownership and control of the petroleum resources in the country. It has since grown from merely being the manager and regulator of Malaysia’s upstream sector into a fully integrated oil and gas corporation, ranked among the FORTUNE Global 500 largest corporations in the world.
PETRONAS has come a long way from managing the work of foreign production sharing contractors. It has evolved its own upstream capabilities and ventured into the entire spectrum of downstream activities to add value to its petroleum resources. With its strategy of integration, adding value and globalization, PETRONAS continues to deliver excellence towards realizing its vision of becoming a leading oil and gas multinational of choice.
Major facets of its integrated business: