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PETRONAS

Petrolium Nasional Berhad (PETRONAS)
ڤيتروليام ناسيونل برحد
Government-owned corporation
Industry Oil and gas
Founded 17 August 1974; 42 years ago (1974-08-17)
Headquarters Kuala Lumpur, Malaysia
Area served
Malaysia
Key people
Wan Zulkiflee Wan Ariffin (President)
Tan Sri Mohd Sidek Hassan (CEO)
Products Petroleum, natural gas, petrochemicals
Services Shipping services
Revenue Increase US$100.744 billion (2014)
Increase US$21.91 billion (2012)
Total assets Increase US$161.472 billion (2014)
Total equity Increase US$89.29 billion (2012)
Owner Malaysian Government
Number of employees
51,000 (2016)
Website www.petronas.com.my

PETRONAS, short for Petroliam Nasional Berhad (Malaysian National Oil Company Inc.), is a Malaysian oil and gas company that was founded on 17 August 1974. Wholly owned by the Government of Malaysia, the corporation is vested with the entire oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. Petronas is ranked among Fortune Global 500's largest corporations in the world. Fortune ranks Petronas as the 75th largest company in the world in 2013. Fortune also ranks Petronas as the 12th most profitable company in the world and the most profitable in Asia.

Since its incorporation, Petronas has grown to be an integrated international oil and gas company with business interests in 35 countries. As of the end of March 2005, the Petronas Group comprised 103 wholly owned subsidiaries, 19 partly owned outfits and 57 associated companies. Together, these companies make the Petronas Group, which is involved in various oil and gas based activities. The Financial Times has identified PETRONAS as one of the "new seven sisters": the most influential and mainly state-owned national oil and gas companies from countries outside the OECD.

The group is engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining; marketing and distribution of petroleum products; trading; gas processing and liquefaction; gas transmission pipeline network operations; marketing of liquefied natural gas; petrochemical manufacturing and marketing; shipping; automotive engineering; and property investment.


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