Prudent use of PETRONAS’ revenues


Dateline 2012-10-14:

OPPOSITION FOLLY: An increase in royalty payments to states to 20pc will hit the nation as much as the firm.

BY all accounts, Petronas’ role in overseeing and managing the country’s oil and gas resources has been exceptional.

Started in 1974 as a small national oil corporation, Petronas has since emerged as Malaysia’s only global Fortune 500 company, with operations in upstream and downstream activities in dozens of countries.

Petronas’ oil and gas reserves now rank 28th in the world, higher than some well-known European or Chinese oil companies, according to a study.

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This entry was posted on Sunday, November 11th, 2012 at 6:00 am and is filed under Malaysia, Malaysian election, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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