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Corporate Profile


PETRONAS is the national oil and gas company of Malaysia and is wholly-owned by the Government of Malaysia. Together with its subsidiaries and associated companies, PETRONAS, a FORTUNE Global 500® company, has fully integrated oil and gas operations in a broad spectrum of the oil and gas value-chain. Its business activities include (i) the exploration, development and production of crude oil and natural gas in Malaysia and overseas; (ii) the liquefaction, sale and transportation of LNG; (iii) the processing and transmission of natural gas and the sale of natural gas products; (iv) the refining and marketing of petroleum products; (v) the manufacture and sale of petrochemical products; (vi) the trading of crude oil, petroleum products and petrochemical products; and (vii) shipping and logistics relating to LNG, crude oil and petroleum products. Committed to ensuring business sustainability, PETRONAS also strives to responsibly manage natural resources in a way that contributes holistically to the well-being of the people and nations where operate.

Exploration & Production Business

As custodian of Malaysia’s oil and gas resources, PETRONAS is entrusted with the responsibility to develop and add value to the nation’s hydrocarbon resources. In the early years, PETRONAS focused its efforts on managing the production sharing contractors who were exploring Malaysian acreages, but PETRONAS soon saw the need to take on a bigger and more proactive role in augmenting the nation’s oil and gas reserves. PETRONAS has also reintensified efforts to strengthen Malaysia’s upstream industry through the enhancement of fiscal terms and the introduction of new petroleum solutions, leveraging on the Government’s new tax incentives.

Through its Exploration & Production (E&P) subsidiary, PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), PETRONAS has developed capability as a hands-on operator with a track record of successful oil and gas developments. PETRONAS Carigali works alongside a number of petroleum multinational corporations through Production Sharing Contracts (PSCs) to explore, develop and produce oil and gas in Malaysia. Abroad, PETRONAS continues to strengthen its position by securing new acreages while undertaking various development projects. The Petroleum Management Unit of PETRONAS acts as resource owner and manager of Malaysia’s domestic oil and gas assets. It manages the optimal exploitation of hydrocarbon resources and enhances the prospectivity of domestic acreages to attract investment and protect the national interest. PETRONAS has explored some of the world's most challenging terrains and temperatures to secure new reserves. Additionally, we conduct deepwater exploration, entering also into highly complex HPHT reservoirs and wells with high CO2 content to enhance our yields. Today, PETRONAS are amongst the world's first in maximising recovery of discovered fields with Enhanced Oil Recovery (EOR) efforts.

PETRONAS continues to harness and develop new technologies to maximise opportunities and further strengthen its capabilities as part of its ongoing efforts to become a leading global E&P player.

Gas & Power

PETRONAS’ Gas & Power Business aspires to be a leading integrated gas, liquefied natural gas (LNG) and power player. To create greater focus in these core areas of growth, the business has been structured and streamlined into two major portfolios; Global LNG business and Infrastructure, Utilities & Power business.

Global LNG

PETRONAS’ global LNG business comprises the production and sale of LNG through its domestic operations in Bintulu, Sarawak (PETRONAS LNG Complex) and overseas operations in Egypt (Egyptian LNG). PETRONAS operates one of the world’s largest LNG facilities in Bintulu, Sarawak, which consists of three plants, MLNG, LNG Dua and MLNG Tiga, with a combined capacity of 24 million tonnes per annum.
PETRONAS is also involved in LNG and energy trading activities through its marketing arms in Malaysia and Europe (PETRONAS LNG Ltd and PETRONAS Energy Trading Ltd).
At present, PETRONAS commands a sizeable LNG market share in the Far East. Over the years, PETRONAS has sustained its market position and preserved its reputation as a reliable supplier of LNG, having sold more than 7,000 cargoes since the establishment of its first LNG plant in 1983.
As a global LNG player, PETRONAS is determined to defend its significant traditional Far East market and seize opportunities on the growing spot market, while continuing to grow its LNG presence in the Atlantic basin.
PETRONAS is also establishing its foothold in European energy trading, which includes electricity and carbon trading.

Infrastructure, Utilities & Power

PETRONAS’ Infrastructure, Utilities & Power business focuses its efforts towards ensuring long term security and sustainability of the gas market in Malaysia and expanding its portfolio of infrastructure and power positions in high growth markets. The business is leveraging on its widely respected operational excellence and sustainable energy developments. PETRONAS, through its majority-owned subsidiary, PETRONAS Gas Berhad (PGB), operates the Peninsular Gas Utilisation (PGU) system, comprising six processing plants and approximately 2,505 km of pipelines to process and transmit gas to end-users in the power, industrial and commercial sectors in Peninsular Malaysia. PETRONAS also exports gas for power generation to Singapore.
The PGU system is the principal catalyst for the development of Peninsular Malaysia’s offshore gas fields, the use of natural gas products for power generation and utilities, and the expansion of Malaysia’s petrochemical industry through the use of gas derivative products, such as ethane, propane, butane and condensates.
PGB is also developing Malaysia’s first LNG Regasification Terminal in Melaka, which is due for completion in July 2012. This will facilitate the importation of LNG by PETRONAS and third parties towards ensuring security of gas supply for the nation in the future.
Globally, PETRONAS has investments in pipeline operations in Argentina, Australia, Indonesia and Thailand, as well as gas storage and LNG regasification facilities in Europe.
PETRONAS is also committed to further grow in the power and renewable energy business, leveraging on existing capabilities and venturing into opportunities in key focus markets in Asia and the Middle East. Entry into the power business will support PETRONAS’ vision to be an integrated energy company.


Downstream Business 

PETRONAS’ Downstream Business plays a strategic role in enhancing the value of Malaysia’s oil and gas resources through its integrated operations in refining and trading, marketing of crude oil and petroleum products locally and internationally, as well as through manufacturing and marketing of petrochemical products.

Refining & Trading

PETRONAS owns and operates three refineries in Malaysia, two in Melaka (collectively known as the Melaka Refinery Complex) and another in Kertih (the Kertih Refinery). The first refinery in Melaka is 100% owned by PETRONAS while the second refinery is 53% owned by the Group.

PETRONAS also operates a Group III base oil refining (MG3) plant in the Melaka Refinery Complex. PETRONAS also has an oil refining presence in Africa through its 80% owned subsidiary, Engen Petroleum Limited (Engen), a leading South African refining and marketing company that owns and operates a refinery in Durban, South Africa.

To carry out trading activities in crude oil and petroleum products in the Malaysian and international markets (including Asia, Africa and the Indian subcontinent), PETRONAS formed a wholly-owned subsidiary, PETRONAS Trading Corporation Sdn Bhd (PETCO). PETCO also trades in crude oil and petroleum products produced by affiliates and third parties, and has trading operations in Dubai and London via its wholly-owned subsidiaries PETCO Trading DMCC and PETCO Trading UK Limited, respectively.

Downstream Marketing

PETRONAS is engaged in domestic marketing and retailing activities through PETRONAS Dagangan Berhad (PDB), a majority-owned subsidiary, which markets a wide range of petroleum products, including gasoline, Liquefied Petroleum Gas (LPG), jet fuel, kerosene, diesel, fuel oil, asphalt and lubricants. PDB also has interest in Malaysia’s Multi-Product Pipeline and the Klang Valley Distribution Terminal that transports gasoline, jet fuel and diesel oil from the refineries to major demand centres in the Klang Valley. Besides marketing activities, PDB also jointly operates a jet fuel storage facility and hydrant line system at the Kuala Lumpur International Airport.

PETRONAS has also established its downstream marketing presence in key Asian markets. PT PETRONAS Niaga Indonesia,a wholly-owned subsidiary, operates retail stations as well as markets petroleum products to industrial and commercial customers, and manages a network of local lubricant distributors in Indonesia. In Thailand similar activities are undertaken by PETRONAS Retail (Thailand) Co Ltd that also supplies jet fuel to the Don Muang International Airport and the Suvarnabhumi International Airport, Bangkok. In China and India, the Group’s lubricant products are sold through PETRONAS’ wholly-owned subsidiary, PETRONAS Marketing China Company Ltd and PETRONAS Marketing India Private Ltd (PMIPL), respectively. PMIPL also has exclusive supply arrangements and collaborations with major Original Equipment Manufacturer (OEM) partners and car manufacturers.

In Africa, PETRONAS’ subsidiary Engen has the largest retail network of service stations in South Africa as well as a strong retail presence in the Sub-Saharan region in countries including Botswana, Burundi, Kenya, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Réunion, Swaziland, Tanzania, Zambia and Zimbabwe. In the Sudan, PETRONAS Marketing Sudan Limited (PMSL), a wholly owned subsidiary is engaged in the marketing and retailing of petroleum products and lubricants, as well as owns and operates retail stations. PMSL also provides into-plane service at the Khartoum International Airport and El-Obeid International Airport, which is the main base for the UN World Food Programme’s operations in the Sudan. PMSL also supplies fuel to the UN-African Union Mission peacekeeping force in Darfur and operates refuelling stations and depots.

With a presence in more than 20 countries worldwide, PETRONAS Lubricants International Sdn Bhd (PLISB) is the lubricants arm of PETRONAS. PLISB has established a manufacturing base and distribution channel to sell its products in the European market by virtue of acquiring the FL Selenia Group, (renamed PL Italy Group) and offers lubricants, transmission, anti-freeze and functional fluids for automobiles, trucks, agricultural tractors and earth moving machinery as well as for other industrial equipment to the market.

Leveraging on PL Italy Group’s strong OEM relationships and world-class research and development capabilities, PLISB currently has a long-term supply, technical, collaborative and commercial agreement for the exclusive right to supply lubricants to Fiat Italy via PL Italy Group.

Also in the lubricants marketing sector, PETRONAS Base Oil (M) Sdn Bhd, a wholly owned subsidiary of PETRONAS, undertakes the marketing of MG3 base oil in Malaysia and the Asia Pacific region whereas marketing in Europe is handled by PETRONAS Marketing Netherlands BV. PETRONAS markets its base oil products under the brand ETRO.

Apart from eight LPG bottling plants in Malaysia, PETRONAS also has LPG facilities in selected Asian countries namely in India, the Philippines and Vietnam, either through a joint venture or wholly-owned subsidiary.

PETRONAS Aviation Sdn Bhd, a wholly owned subsidiary of PETRONAS, markets PETRONAS’ aviation fuel in the global market, including to Malaysia Airlines, as well as to Shell, Ceylon Petroleum Corporation and Repsol YPF for locations in Buenos Aires, Colombo and Hong Kong.


PETRONAS first ventured into the production of basic petrochemical products in the mid-1980s and later embarked on several large scale petrochemical projects with multinational joint venture partners. PETRONAS’ joint venture partners have included The Dow Chemical Company, BASF Netherlands BV, BP Chemicals, Idemitsu Petrochemical Co Ltd, Mitsubishi Corporation, and Sasol Polymers International Investments (Pty) Ltd.

With a view to strengthening integration and improving economies of scale, PETRONAS recently consolidated its petrochemical business under the PETRONAS Chemicals Group Berhad (PCG). The leading integrated petrochemical producer in Malaysia and one of the largest in South East Asia, PCG is the listed holding entity for all of PETRONAS’ petrochemical production, marketing and trading subsidiaries and has a total combined production capacity of over 11 million tonnes per annum.

The petrochemical business which has been consolidated under PCG, through joint ventures with multinational petrochemical companies, developed two Integrated Petrochemical Complexes (IPCs) at Kertih and Gebeng, along the eastern corridor of Peninsular Malaysia. The concept underlying the development of these IPCs is to achieve a competitive edge through the integration of petrochemical projects using common or related feedstock and common facilities within a self-contained complex.

PETRONAS’ Kertih IPC consists principally of ethylene-based petrochemical projects, which include two ethylene crackers, a polyethylene plant, an ethylene oxide/ethylene glycol plant, a multi-unit derivatives plant, vinyl chloride monomer (VCM) and polyvinyl chloride (PVC) plants, ammonia/synthesis gas plants, anacetic acid plant, an aromatics complex and a low-density polyethylene plant. The petrochemical projects are fully integrated with the surrounding infrastructure facilities and other process plants in Kertih, including PGB’s six gas processing plants and the Kertih Refinery, all of which are located within the IPC. A joint venture comprising PETRONAS (40%), Dialog Equity Group Sdn Bhd (30%) and Vopak Terminals Penjuru (Jurong) Pte Ltd (30%) owns and operates the storage and distribution terminal, which has a throughput of approximately 2.7 million tonnes per annum. The Kertih marine facilities include six berths that can accommodate chemical tankers up to 40,000 dead-weight metric tonnes.

The Gebeng IPC comprises mainly of propylene-based petrochemical projects. The anchor project at the Gebeng lPC is a joint venture between PETRONAS and BASF, which owns and operates an acrylic acid/acrylic esters plant, an oxo-alcohols complex and a butanediol plant. PETRONAS, through PCG owns and operates an MTBE/propylene plant, a propane dehydrogenation plant and a polypropylene plant. The Gebeng IPC is also host to a number of multinational chemical companies, such as BP Chemicals, which owns and operates a purified terephthalic acid plant, and Eastman Chemicals, which owns and operates a copolyester plastic resin plant.

Both the Kertih and Gebeng IPCs are a major step towards establishing Malaysia as a regional petrochemical production hub. The integrated development of Malaysia’s petrochemical industry is expected to promote the development of the country’s industrial base, especially the plastics and chemical based component manufacturing industry.