47 Facts About Petronas

Petroliam Nasional Berhad, commonly known as Petronas, is a Malaysian oil and gas company.

Petronas ranked 48th globally in the 2020 Bentley Infrastructure 500.

Since its incorporation, Petronas has grown to be an integrated international oil and gas company with business interests in 35 countries.

Petronas was incorporated on 17 August 1974, and Tengku Razaleigh became its inaugural chairman.

Petronas then served a notice to all foreign oil companies that after 1 April 1975, all the foreign oil companies would be operating illegally in Malaysian waters if they do not start negotiations with Petronas.

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Petronas first embarked on the oil exploration and production activities with the formation of Petronas Carigali Sdn Bhd in 1978.

In 1980, Petronas expanded its downstream businesses by setting up ASEAN Bintulu Fertiliser plant in Sarawak.

In 1990, Petronas invited foreign companies to re-explore parts of the sea off Sabah and Sarawak on the basis of new surveys using up-to-date techniques.

Petronas was not just another big oil company: it controlled a crucial sector of the economy and remained, for better or worse, an indispensable instrument of the state.

In 1996, Petronas entered the aromatics market by way of a joint venture that created Aromatics Malaysia Sdn Bhd.

That year, Petronas introduced the Petronas E01, the country's first commercial prototype engine.

Petronas signed a total of five new production sharing contracts in 1998 and 1999, and began oil production in the Sirri field in Iran.

Petronas entered the new century determined to expand its international efforts.

Petronas forged deals for two new exploration plots in Pakistan and began construction on the Chad-Cameroon Integrated Oil Development and Pipeline Project.

Petronas realised that it would have to continue its aggressive growth strategy to ensure its survival in the years to come.

On 9 April 2019, Petronas was praised for its role in the Sudanese oil and gas industry by Minister of Oil and Gas engineer Yagoub Adam Bashir Gamaa.

On 29 October 2012, Petronas sources said it would renew a bid for gas producer Progress Energy Resources after Canada blocked its bid earlier that month.

On 17 January 2013, Petronas issued a statement that an onshore oil and gas discovery has been made in the state after drilling a test well about 20 kilometres away from the city of Miri in northern Sarawak.

On 2 May 2015, Petronas completed its acquisition of oil and gas assets in Azerbaijan from Norway's Statoil for US$2.

On 25 July 2017, Petronas cancelled a $36-billion liquefied natural gas project, the Pacific Northwest LNG, which was considered ambitious and a priority in the Canadian province of British Columbia.

Petronas has never publicly showed an interest in the adverse effects of its activities on the communities in its concession area.

Petronas was permanently represented in the Operating Committee and has never publicly distanced itself from any of its decisions.

Petronas has never publicly responded to the allegations of negative impacts in Sudan or discussed the issue with local communities.

Petronas is not known to have taken adequate measures to prevent involvement in human rights violations during the oil war or to undo the adverse impacts of its consortium's operations.

Petronas was a loyal participant in the consortium that operated in Block 5A and had a substantial say in the way it operated.

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In early October 2021, the Sudanese transitional government made moves to confiscate Petronas's assets, alleging that they had been acquired through illegal means under the rule of ousted Sudanese President Omar al-Bashir.

Petronas has sought to cancel the manager's arrest warrant and submitted a request for arbitration at the World Bank's International Centre for Settlement of Investment Disputes .

Petronas's logo was created in 1974 by Dato Johan Ariff of Johan Design Associates.

In 2013, Petronas introduced a refreshed version of its corporate logo at the 2013 Asia Oil and Gas Conference .

Petronas is a corporation wholly-owned by the government of Malaysia and is directly answerable to the prime minister of Malaysia.

Petronas has been publishing its financial reports online since 2008.

In 2007, Petronas revenue come from petroleum exports from Malaysia, domestic operations and international operations .

Petronas continuously provides the Malaysian government dividends from its profits.

Petronas has over 800 petrol stations around Malaysia as of July 2007, and further increased to 870 stations in January 2008.

Petronas Chemicals is the latest company to be publicly listed.

Petronas is an official recommended flagship fuel and lubricants for Mercedes-Benz, Proton, Perodua, and Tata Motors for automobiles.

Petronas was one of the main sponsors of the BMW Sauber Formula One team alongside Intel, and supplied lubricants and fuel to the team.

Petronas was the main sponsor for the Malaysian Grand Prix, and co-sponsored the Chinese Grand Prix, and the inaugural Korean Grand Prix.

Petronas was the exclusive premium partner of the Sauber Petronas and BMW Sauber F1 teams.

On 21 December 2009, Petronas was confirmed as moving from BMW Sauber to the newly formed Mercedes AMG Petronas Formula One team.

In terms of further Formula One involvement, every year Petronas took the BMW Sauber team to various parts of Malaysia for F1 demos, so the public who are unable to go to the track itself get to experience a little bit of what F1 offers.

Petronas signed a three-year sponsorship agreement with Yamaha MotoGP team.

The Petronas branding can be seen starting Qatar race on the 10 to 12 April 2009.

Since 2010, Petronas has been the main sponsor of the Mercedes AMG Petronas F1 team.

Since 2014, Petronas has been supplying fuel and lubricants for Mercedes-AMG customer teams, including Force India, Lotus for 2015, Manor for 2016 and Williams from 2017.

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Since 2019, Petronas is the main sponsor of the new Petronas Yamaha SRT, which became the satellite team for Yamaha in MotoGP following Tech3's switch to KTM bikes after 20 years with Yamaha bikes.

Petronas has its own research university, Universiti Teknologi Petronas .