Who is PETRONAS?
Overview
Petroliam Nasional Berhad (PETRONAS) is a Malaysian multinational oil and gas company headquartered in Kuala Lumpur, Malaysia. The company is involved in various aspects of the oil and gas industry, including exploration, production, refining, marketing, and distribution of petroleum and gas products.
PETRONAS plays a vital role in Malaysia's economy as it is the country's largest company and a significant contributor to the national revenue. The company also has a strong international presence and operates in over 50 countries worldwide.
History
PETRONAS was founded on 17 August 1974, when the Malaysian government took over the assets and operations of Shell and Esso in the country. The company's initial focus was on developing Malaysia's oil and gas resources and ensuring the country's energy security.
Over the years, PETRONAS has expanded its operations beyond Malaysia and has become a global energy player. The company now has a diversified portfolio of businesses and is involved in various aspects of the energy value chain.
Business Activities
PETRONAS's core business activities include:
- Exploration and production of oil and gas
- Refining and marketing of petroleum products
- Distribution of natural gas
- Provision of petrochemical products
- Investment in renewable energy and other sustainable businesses
Subsidiaries and Joint Ventures
PETRONAS has several subsidiaries and joint ventures, including:
- Petronas Chemicals Group
- Petronas Gas
- Petronas Dagangan
- Petronas Carigali
- Petronas LNG
- Petronas Renewables
These subsidiaries and joint ventures allow PETRONAS to expand its reach and offer a wider range of products and services to its customers.
Corporate Social Responsibility
PETRONAS is committed to corporate social responsibility and actively participates in various social and environmental initiatives. The company's CSR programs focus on areas such as education, healthcare, community development, and environmental protection.
PETRONAS also supports various sports and cultural events as part of its commitment to the community. The company's CSR efforts have earned it recognition and awards from various organizations.
Conclusion
PETRONAS is a leading global energy company with a strong track record and a commitment to sustainability. The company plays a vital role in Malaysia's economy and is a major player in the international oil and gas industry. PETRONAS's diversified portfolio of businesses, global presence, and commitment to CSR make it a formidable player in the energy sector.
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