Corporate
Petroliam Nasional Berhad or Petronas is the largest oil company of Malaysia. Petronas was established in August 1974 and is owned and managed by the state. The entire ownership and control of all the hydrocarbon resources of Malaysia are vested with Petronas. Today the company has grown and diversified to become one of the largest oil companies of the world.Petronas is a Fortune 500 company.
Activities
The main operational areas of Petronas are classified into:- Upstream activities covers –
- Exploration acreages
- Production sharing contracts
- Sedimentary basins
- Historical production of oil and gas
- Downstream activities covers –
- Oil refining activities
- Oil marketing activities
- Gas business
- Petrochemicals business
- Logistics and maritime business
Performance
In fiscal 2006 the total revenue recorded by Petronas was 44,282 million USD which was 22.8 % more than what it was the fiscal before.The total value of the assets held by Petronas in fiscal 2006 was 73,086 million USD which was 16.2 % more than what it was in the fiscal before.
Total value of assets over the last 3 fiscals (In million USD)
The net income earned by Petronas in fiscal 2006 was 11,566 million USD which was 23.6 % more than what it was in the fiscal before. Net Income over the last 3 fiscals (In million USSD) 
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Technology
Petronas has invested substantially in the development of technology and has a number of subsidiary and associate companies specifically carrying out technical research and development work.- Petronas Research & Scientific Services Sdn Bhd
- Petronas Technical Services Sdn Bhd
- Sauber Petronas Engineering AG
- OGP Technical Services Sdn Bhd
- Advanced Engine Research Sdn Bhd
- Malaysian Technology Development Corp Sdn Bhd
Organization
Petronas is headed by Mr. Tan Sri Dato Sri Mohd. Hassan Marican who is the Acting Chairman, President and CEO of the company.Petronas employs over 30,000 people worldwide.
The Petronas corporate office is located at:
Tower 1, Petronas Twin Towers,Kuala Lumpur City Center
50088 Kuala Lumpur
Malaysia
www.petronas.com
