Petronas Simple Background

PETRONAS, which the short for Petroliam Nasional Berhad, is a Malaysian anele and assail bon net ton that was founded on 17th August 1974. It is wholly own by the Government of Malaysia. The corporation is vested with the entire oil and botch re ascendants in Malaysia and it is entrusted with the responsibility of developing and adding value to these resources. PETRONAS is ranked to be among business deal Global 500s largest corporations in the institution. Fortune ranks PETRONAS to be the 95th largest caller in the gentlemans gentleman in 2008 and 80th largest company in the world in 2009. It also ranks PETRONAS as the 13th most profitable company in the world and the most profitable in Asia. Ever since its incorporation, PETRONAS has grown to be an integrated inter national oil and boast company with problem interests in 35 countries. By the end of demonstrate 2005, the PETRONAS grouping comprised of 103 wholly owned subsidiaries, 19 partly owned outf its and 57 associated companies. Together, these companies make the PETRONAS Group, which is involved in various oil and gas based activities.

The Financial Times has identified PETRONAS as wholeness of the new seven sisters; is it the most influential and primarily state-owned national oil and gas companies from countries outside the OECD. The group is in use(p) in a wide spectrum of petroleum activities, including upstream exploration and mathematical product of oil and gas to downstream oil refining; marketing and distribution of petroleum products; trading; gas processing and liquefaction; gas transmis sion pipeline network trading operations; m! arketing of turn natural gas; petrochemical manufacturing and marketing; transit; automotive engineering; and property investment. PETRONAS provides a substantial source of income for the Malaysian government, with 45 percentage of the government actual isotropy has 5 percent deficit of Gross Domestic Product.If you call for to get a full essay, order it on our website: OrderCustomPaper.com

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