PETRONAS: A Malaysian Oil Company Annual Report Review

About Petronas 0) About Petronas Petronas is Malaysia's own state-owned oil company. Established on August 17, 1974. Petronas owns and manages the oil resources of Malaysia perfectly. Over the years, Petronas has grown into a fully integrated oil and gas company from upstream industry managers and regulators. It is also ranked as one of the world's largest companies by the Fortune Global 500. Management of the oil and gas resources of the country is the responsibility of Petronas.

Petroliam Nasional Berhad stands for PETRONAS. Petronas is a Petronas Malaysia company established on August 17, 1974 under the Malaysian Company Act of 1965. The Malaysia Petroleum Development Act of 1974 gave Petronas the exclusive right to exploration, development and production of oil resources in Malaysia. Since its founding, Petronas has grown into a fully integrated multinational oil and gas company. Petronas' activities include upstream petroleum and gas exploration and production downstream refining, petroleum product marketing and distribution, trade, natural gas treatment and liquefaction, gas pipeline business, LNG marketing, petrochemical product manufacturing and marketing, transportation, Transportation and so on. investment

In Malaysia, domestic reservoirs are mature, because oil is produced for 100 years, production in Malaysia is insufficient. Petronas is expanding overseas exploration and production resources such as South Africa and Egypt. As with many other oil companies, the offshore drilling platforms are subject to health and reproductive problems of surrounding marine organisms, damage to seaweed beds, coral reefs and coastal wetlands, ecological (such as exposure of wildlife to oil spills) It is creating an imbalance. 2010). In this way, the image of Petronas is damaged by direct contact with environmental pollution. The company focuses on environmentally friendly technology and develops in-house environmentally friendly solutions. In particular, the company conducts research to strengthen environmentally friendly, degradable polymer series (Petronas Annual Report) of Petronas Eco Plus.

The company we chose is Petronas. Petronas was established on August 17, 1974 and is fully owned by the Malaysian government. Petronas is one of the world's largest companies that invests in natural gas and oil resources and is responsible for value-added development resources. PETRONAS has several important achievements. In 1975, Petronas is the first company to export crude oil. In 1976, Petronas signed a share of production contract between Shell and Esso. Petronas merged with Caligari and ASEAN Binh Tul fertilizer in 1978 and 1980. In 1981, Petronas' first gas station was operated by Dr. Tamantan of Ismail, Kuala Lumpur.