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Business 28 Dec 2013 | 12:00 AM

Tan Sri Shamsul Azhar Abbas - President and CEO of Petroliam Nasional Bhd

ENTRUSTED to manage the nation’s rich oil reserves, Petroliam Nasional Bhd (Petronas) is constantly under public scrutiny as it strikes a balance to fulfil a social role above delivering performance.

Business 17 Apr 2013 | 12:00 AM

Petronas not involved in deals on Brazil oil blocks

Petroliam Nasional Bhd clarified on Wednesday it had not entered into any agreement over the oil blocks in Brazil.

Corporate News 16 Mar 2018 | 12:00 AM

Petronas mulls listing lubricants business

TURIN: Petroliam Nasional Bhd (Petronas) is contemplating to eventually float its lubricant business, Petronas Lubricants International (PLI) after building up this part of the business further.

Business 06 Mar 2018 | 12:00 AM

Petronas unit makes new oil and gas discovery

PETALING JAYA: Petroliam Nasional Bhd (Petronas) announced that its subsidiary, PC Gabon Upstream SA, made a new oil and gas discovery from the Boudji-1 exploration well in Block F14 (Likuale) located in the waters off southern Gabon.

Corporate News 02 Mar 2018 | 12:00 AM

OSV operators unlikely to get higher charter rates

PETALING JAYA: National oil company Petroliam Nasional Bhd (Petronas) will not agree to higher charter rates for the hiring of offshore support vessels (OSVs) despite the higher average price of crude oil.

Business 22 Dec 2017 | 12:00 AM

Thai firm may bid for stake in Petronas gas block

KUALA LUMPUR: PTT Exploration & Production Pcl (PTTEP), the Thai oil and gas explorer, is among bidders for a stake in an upstream gas project owned by Petroliam Nasional Bhd (Petronas) that could be valued at as much as US$1bil (US$4.08bil), sources said.

Business 13 Oct 2017 | 12:00 AM

Petronas looks to exit from Iraq’s Majnoon field

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) plans to sell its stake in Iraq’s giant Majnoon oil field, sources said.

Business 07 Jul 2017 | 12:00 AM

Petronas unit signs contract for olefins storage facilities

KUALA LUMPUR: PRPC Refinery and Cracker Sdn Bhd, a unit of Petroliam Nasional Bhd, has signed an engineering, procurement, construction and commissioning (EPCC) contract for the development of additional olefins storage facilities within the Pengerang Integrated Complex (PIC).

Business 08 Oct 2016 | 12:00 AM

Chad court fines Exxon US$74bil

KUALA LUMPUR: A High Court in Chad has ruled that an Exxon Mobil Corp-led consortium, which includes Petroliam Nasional Bhd (Petronas), underpaid royalties and ordered Exxon to pay a record US$74bil (RM306.4bil) fine.

Business 23 Aug 2016 | 12:00 AM

Outlook for oil price still uncertain

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will stick to the oil price forecast of US$30 per barrel that has been assumed for this year and will continue to operate on that price assumption.