PETRONAS, the oil company of Malaysia has, since its establishment on 17 August 1974, transformed from being a mere manager and regulator of the country’s upstream sector to become an integrated oil and gas multinational corporation.  Ranked on the FORTUNE Global 500, the PETRONAS Group has ventured into more than 30 countries.

Much of PETRONAS’ success can be attributed to our ability to strike a balance between being a state-owned entity and a full-fledged commercial organisation.  As a state-owned entity, PETRONAS is responsible for the effective management of Malaysia’s oil and gas resources, to add value to this national asset and to ensure the orderly and sustainable development of the country’s petroleum industry.  Meanwhile, as a business entity, we conduct our operations in the most prudent and commercial manner to compete effectively in the increasingly challenging global business environment, while maximising returns to our shareholders.

PETRONAS has, since the early 1990s, embarked on a strategic globalisation programme to augment Malaysia’s crude oil and gas reserves, add value to our core business and provide exciting new challenges for our young employees.