Petronas Case Study
Company Address (Corporate Headquarters): Petroliam Nasional Berhad (PETRONAS) (20076-K) Tower 1, PETRONAS Twin Towers Kuala Lumpur City Centre 50088 Kuala Lumpur Malaysia
Contact Number: 603 2051 5000 / 2026 5000
Principle subsidiaries: Asean Bintulu Fertilizer Sdn Bhd; Malaysia LNG Sdn Bhd; Petronas Carigali Sdn Bhd; Petronas Dagangan Sdn Bhd; Petronas Gas Sdn Bhd; Petronas Khidmat Sdn Bhd; Petronas Marine Sdn Bhd; Petronas Penapisan (Melaka) Sdn Bhd; Petronas Penapisan (Terengganu) Sdn Bhd. (PETRONAS, 2014)
b) History of company
In the year 1988, Malaysia hiked to be known as the world’s 22nd largest reserves of oil and also the 16th largest reserves of …show more content…
Vision: PETRONAS’s vision would be, ‘To be a leading oil and gas multinational of choice’.
Mission statement: PETRONAS mission statement is, ‘We are a business entity, petroleum is our core business, our primary responsibility is to develop and add value to this national resource and our objective is to contribute to the well-being of the people and the …show more content…
Senior Vice President Corporate Strategy and Risk- Adif Zulkifli viii. CEO of PETRONAS Refinery and Petrochemical Corporation Sdn Bhd- Dr. Colin Wong Hee Huing ix. Secretary- Abdul Rahman Musa
PETRONAS Upstream & PETRONAS Downstream
Upstream- PETRONAS goal is to make a difference in meeting energy needs. They explore, produce and develop oil and gas resource in Malaysia and abroad to deliver long term value to all their stakeholders. With onshore prospects in Canada, exploration in South America and deep-water drilling in Brunei, PETRONAS is venturing into a broad portfolio of reserves and play types, applying innovative technology and developing niche technical solutions to maximize their hydrocarbon.
Downstream- PETRONAS downstream plays a strategic role and a vital role in enhancing the value of Malaysia’s oil and gas resources. PETRONAS achieves this through integrated operations in refining, trading and marketing of crude oil and petroleum products locally and internationally, as well as through the manufacturing and marketing of petrochemical products. PETRONAS from this stream own and operate 3 refineries in Malaysia and one in Durban, South Africa through their shareholdings in Engen Petroleum Limited. (PETRONAS,