Who owns Malaysian petrol and who controls the price of petrols?

PETRONAS, also known as Petroliam Nasional Bhd, is Malaysia’s national petroleum corporation. Since its inception in 1974, PETRONAS has grown rapidly to become an integrated oil and gas company with business interests in 31 countries.
It is wholly-owned by the Malaysian Government and is entrusted with the responsibility of developing the oil and gas resources. The Group is involved in numerous petroleum activities, including:

upstream exploration and production of oil and gas
downstream oil refining
marketing and distribution of petroleum products
trading
gas processing and liquefaction
gas transmission pipeline network operations
marketing of liquefied natural gas
petrochemical manufacturing and marketing
shipping
automotive engineering
property investment

Corporate : : :

Year 2006/07 Highlights

About PETRONAS

PETRONAS, the acronym for Petroliam Nasional Berhad, was incorporated on 17 August 1974 under the Companies Act 1965. It is wholly-owned by the Malaysian government and is vested with the entire ownership and control of the petroleum resources in Malaysia through the Petroleum Development Act 1974, an Act of Parliament.

Over the years, PETRONAS has grown to become a fully-integrated oil and gas corporation and is ranked among FORTUNE Global 500’s largest corporations in the world. PETRONAS has four subsidiaries listed on the Bursa Malaysia and has ventured globally into more than 33 countries worldwide in its aspiration to become a leading oil and gas multinational of choice.

Since its inception, PETRONAS’ business has grown to encompass the full spectrum of oil and gas operations, both locally and globally, in the areas of upstream oil and gas exploration and production (E&P) to downstream oil refining; marketing and distribution of petroleum products; trading; gas processing and liquefaction; gas transmission pipeline network operations; marketing of liquefied natural gas (LNG); petrochemical manufacturing and marketing; shipping; and property investment.

Address:
Petroliam Nasional Berhad (PETRONAS)
Tower 1, PETRONAS Twin Towers
Kuala Lumpur City Centre
50088 Kuala Lumpur
Malaysia

Tel: 603-20515000
Telefax: 603-20265050, 20265055
E-mail: webmaster@petronas.com.my
They mainly focus on oil exports selling overseas
Corporate : Business Activities : Upstream Activities : International Operations
Malaysia-Thailand Joint Development Area
Trans-Thailand-Malaysia Gas Pipeline System
Details of PETRONAS’ International Operations
1. ALGERIA
UPSTREAM:
Interest in onshore Block 401C
Partner: Hess (Operator)
Status: Development
2. ARGENTINA
DOWNSTREAM:
Interest in two major high pressure gas transmission pipelines
i. Transportadora de Gas Del Norte S.A. (TGN)
ii. Transportadora de Gas Del Mercosur S.A. (TGM)
3. AUSTRALIA
DOWNSTREAM:
i. Interest in APA Group, which transports close to 40% of Australia’s natural gas consumption
ii. Provide gas transmission marketing through East Australian Pipeline Marketing, a wholly-owned subsidiary of PETRONAS Australia Pty Ltd
4. BENIN
UPSTREAM:
Interest in Deepwater Block 4
Partners: Kerr-McGee Benin Consortium (Operator) and Kosmos Energy
Status: Exploration
5. CAMBODIA
DOWNSTREAM:
Retailing, marketing and storage of petroleum products.
6. CAMEROON
UPSTREAM:
Interest in Block PH 77
Partner: Noble Energy in joint operatorship
Status: Exploration
DOWNSTREAM:
Chad-Cameroon Oil Pipeline
Partners: ExxonMobil, Chevron, Cameroon Government and Chad Government
Status: Operational
7. CHAD
UPSTREAM:
Interest in Permit H/Doba Development
Partners: ExxonMobil (Operator) and Chevron
Status: Production
DOWNSTREAM:
Chad-Cameroon Oil Pipeline
Partners: ExxonMobil, Chevron, Chad Government and Cameroon Government
Status: Operational
8. CHINA
DOWNSTREAM:
i. Interest in Donghai LPG JVC which involves terminalling, bottling and distribution of LPG in Jiangsu Province
Partner: China Offshore Oil Donghai Co. Ltd.
ii. Marketing of lubricants in Hong Kong, Macau and Sourthern China
9. CUBA
UPSTREAM:
Operates Block N44, N45, N50 and N51
Status: Exploration
10. EGYPT
UPSTREAM:
i. Interest in North East Mediterranean Deepwater (NEMED) Block
Partner: Shell (Operator)
Status: Exploration
ii. Interest in West Delta Deep Marine (WDDM) Concession
Partner: BG Group (Operator)
Status: Exploration, Development and Production
iii. Interest in El Burg Block
Partner: BG Group (Operator)
Status: Exploration
iv. Interest in North Sidi Kirir Deep Block
Partner: BG Group (Operator)
Status: Exploration
DOWNSTREAM:
Interest in Egyptian LNG Project, involved in the development and operation of LNG liquefaction plant and related infrastructure
Partners: BG Group, Egyptian Natural Gas Holding Co (EGAS), Egyptian General Petroleum Corporation (EGPC) and Gaz de France – Train 1; BG Group, EGAS, EGPC – Train 2
Status: Operational
11. EQUATORIAL GUINEA
UPSTREAM:
i. Operates Block N, offshore Corisco Bay
Partners: Ocean Energy and GEPetrol.
Status: Exploration
ii. Interest in Block P, Rio Muni Basin
Partners: Ocean Energy
10. EGYPT
UPSTREAM:
i. Interest in North East Mediterranean Deepwater (NEMED) Block
Partner: Shell (Operator)
Status: Exploration
ii. Interest in West Delta Deep Marine (WDDM) Concession
Partner: BG Group (Operator)
Status: Exploration, Development and Production
iii. Interest in El Burg Block
Partner: BG Group (Operator)
Status: Exploration
iv. Interest in North Sidi Kirir Deep Block
Partner: BG Group (Operator)
Status: Exploration
DOWNSTREAM:
Interest in Egyptian LNG Project, involved in the development and operation of LNG liquefaction plant and related infrastructure
Partners: BG Group, Egyptian Natural Gas Holding Co (EGAS), Egyptian General Petroleum Corporation (EGPC) and Gaz de France – Train 1; BG Group, EGAS, EGPC – Train 2
Status: Operational
11. EQUATORIAL GUINEA
UPSTREAM:
i. Operates Block N, offshore Corisco Bay
Partners: Ocean Energy and GEPetrol.
Status: Exploration
ii. Interest in Block P, Rio Muni Basin
Partners: Ocean Energy
12. ETHIOPIA
UPSTREAM:
Operates Block G (Gambela), Blocks 3 & 4 (Genale), Blocks 12 & 16 (Kelafo), and Blocks 17 & 20 (Welwel/ Warder)
Status: Exploration
13. INDIA
UPSTREAM:
Interest in Cairn India Ltd, wholly-owned subsidiary of E&P company Cairn Energy PLC
DOWNSTREAM:
i. Joint venture in Indian Oil PETRONAS Private Limited to import and market LPG at Haldia in East India and LPG terminalling services
Partner: Indian Oil Corporation Ltd
ii. Marketing of lubricants
14. INDONESIA
UPSTREAM:
i. Interest in Ketapang Block, offshore East Java
Partner: ConocoPhilips (Operator)
Status: Exploration
ii. Operates Karapan Block, offshore East Java
Partner: RIMS Energy Karapan Ltd
Status: Exploration
iii. Interest in Jabung Block, onshore South Sumatra
Partners: PetroChina (Operator) and PERTAMINA
Status: Exploration, Development and Production
iv. Operates Tanjung Jabung Block, onshore South Sumatra
Partner: Consolidated Energy
Status: Exploration
15. IRAN
UPSTREAM:
Interest in South Pars Gas Development project, phases 2 & 3
Partners: TOTAL (Operator) and Gazprom
Status: Production
16. JAPAN
DOWNSTREAM:
Marketing of lubricants
17 . MAURITANIA
UPSTREAM:
Interest in Block 6 located northwest of Nouakchott
Partners: Woodside (Operator), Hardman Resources and Planet Oil
Status: Exploration
18. MOROCCO
UPSTREAM:
Operates offshore Rabat-Sale Haut Mer Block
Partner: ONHYM
Status: Exploration
19. MOZAMBIQUE
UPSTREAM:
Operates offshore Zambezi Delta Block
Partner: Empresa Nacional de Hidrocarbonetos de Moçambique (ENH)
Status: Exploration
20. MYANMAR
UPSTREAM:
i. Interest in Yetagun Gas Project (Blocks M-12, M-13, M-14 operated by PETRONAS and Taninthayi Pipeline Co LLC which operates a cross-border pipeline transporting gas from the Yetagun field to Thailand)
Partners: Nippon Oil, Petroleum Authority of Thailand (PTTEP) and Myanmar Oil and Gas Enterprise (MOGE)
Status: Production
15. IRAN
UPSTREAM:
Interest in South Pars Gas Development project, phases 2 & 3
Partners: TOTAL (Operator) and Gazprom
Status: Production
16. JAPAN
DOWNSTREAM:
Marketing of lubricants
17 . MAURITANIA
UPSTREAM:
Interest in Block 6 located northwest of Nouakchott
Partners: Woodside (Operator), Hardman Resources and Planet Oil
Status: Exploration
18. MOROCCO
UPSTREAM:
Operates offshore Rabat-Sale Haut Mer Block
Partner: ONHYM
Status: Exploration
19. MOZAMBIQUE
UPSTREAM:
Operates offshore Zambezi Delta Block
Partner: Empresa Nacional de Hidrocarbonetos de Moçambique (ENH)
Status: Exploration
20. MYANMAR
UPSTREAM:
i. Interest in Yetagun Gas Project (Blocks M-12, M-13, M-14 operated by PETRONAS and Taninthayi Pipeline Co LLC which operates a cross-border pipeline transporting gas from the Yetagun field to Thailand)
Partners: Nippon Oil, Petroleum Authority of Thailand (PTTEP) and Myanmar Oil and Gas Enterprise (MOGE)
Status: Production
ii. Operates Blocks M-15, M-16, offshore southern Myanmar
Status: Exploration
21. PAKISTAN
UPSTREAM:
i. Interest in Rehmat Gas Development Project, encompassing onshore Mubarak Block operated by PETRONAS and construction of Rehmat Gas Plant
Partners: Eni and Government Holdings Private Limited (GHPL)
Status: Development & Production
ii. Operates onshore Mehar Block, Sindh province
Partners: Orient Petroleum Inc (OPI), Zaver Petroleum and GHPL
Status: Exploration
iii. Operates Daphro block
Status: Exploration
22. PHILIPPINES
UPSTREAM:
Interest in SC 47, Mindoro Block
Partner: Philippines National Oil Company (PNOC)
Status: Exploration
DOWNSTREAM:
Joint venture in LPG terminalling, bottling and distribution in Mindanao
Partners: Masaligan Inc and Emirates National Oil Company (ENOC)

23. RUSSIA
Interest in Rosneft, a vertically-integrated Russian oil and gas company with upstream and downstream operations in Russia
24. SOUTH AFRICA
DOW
DOWNSTREAM:
Interest in Engen Ltd, encompassing a refinery in Durban and more than 1,300 service stations across Africa
25. SUDAN
UPSTREAM:
i. Interest in Blocks 1, 2 and 4 through a joint venture company, Greater Nile Petroleum Operating Company Ltd (GNPOC)
Partners: China National Petroleum Corporation (CNPC), ONGC Videsh Limited (OVL) and Sudapet in joint operatorship
Status: Exploration, Development and Production
ii. Interest in Block 5A
Partners: OVL and Sudapet in joint operatorship
Status: Exploration, Development and Production
iii. Interest in Block 5B
Partners: OVL, Lundin and Sudapet. (PETRONAS and Sudapet are joint operators)
Status: Exploration
iv. Interest in Blocks 3 & 7 through a joint venture company, PETRODAR Operating Company Ltd
Partners: CNPC, Al-Thani, Sinopec and Sudapet in joint operatorship
Status: Exploration and Development
v. Interest in Blocks 8
Partners: Sudapet and High Tech Group in joint operatorship
Status: Exploration
DOWNSTREAM:
i. Interest in developing and operating a refinery in Port Sudan
Partners: Sudan Ministry of Energy and Mining
Status: Development
ii. Operates service stations and markets petroleum products
iii. Owns and operates bulk terminals, depots, aviation depots and bunkering facility
26. THAILAND
DOWNSTREAM:
Operates service stations, aviation fuel business and markets petroleum products through wholly-owned subsidiary PETRONAS Retail (Thailand) Co. Ltd
27. TIMOR LESTE
UPSTREAM:
Operates Block 06/102
Partners: KOGAS, LG International and Samsung
Status: Exploration
28. TURKMENISTAN
UPSTREAM:
Operates Block 1, South Caspian Sea
Status: Exploration and Development
29. UNITED KINGDOM
DOWNSTREAM:
Interest in Dragon LNG receiving and regasification terminal
Partners: BG Group and Petroplus
Status: Development
30. UZBEKISTAN
UPSTREAM:
Interest in Aral Sea Block
Partners: Uzbekneftegaz, CNPC, Korea National Oil Corporation a
and Lukoil in joint operatorship
Status: Exploration
31. VIETNAM
UPSTREAM:
i. Operates offshore Blocks 01 & 02
Partner: PetroVietnam
Status: Exploration, Development and Production
ii. Interest in Blocks 10 & 11.1 through a joint venture company, Con Son Joint Operating Company
Partner: PetroVietnam
Status: Exploration
iii. Interest in Block 46-Cai Nuoc
Partners: Talisman (Operator) and PetroVietnam
Status: Production
iv. Interest in Block 46/02 through a joint venture company, Truong Son Joint Operating Company
Partners: PetroVietnam and Talisman
Status: Exploration
v. Interest in Blocks 01/97 & 02/97 through a joint venture company, Lam Son Joint Operating Company
Partner: PetroVietnam
Status: Exploration
vi. Operates Blocks 102 & 106
Partners: ATI Petroleum Inc (ATIP), PetroVietnam and SPC
Status: Exploration

vii. Interest in Block 122
Partners: PetroVietnam and Chevron (Operator)
Status: Exploration
viii. Interest in Blocks 103-107
Partner: PetroVietnam
Status: Exploration
DOWNSTREAM:
i. Joint venture in LPG terminalling, bottling and distribution in Hanoi and Hai Phong – Thang Long LPG Co Ltd
Partner: PetroVietnam Gas Corp
Status: Operational
ii. LPG bottling and distribution plant in Dong Nai province operated by wholly-owned subsidiary PETRONAS (Vietnam) Co Ltd (PVL)
Status: Operational
iii. Joint venture in polyvinyl chloride plant in Vung Tau – Phu My Plastics and Chemicals Co Ltd (PMPC)
Partner: Vung Tau Shipyard Co
Status: Operational
Since concentrations to do petrol trading is overseas market, Negotiations for local trades with our govt possible????
You decide??

2 Responses to “Who owns Malaysian petrol and who controls the price of petrols?”

  1. Jeremiah Says:

    Good Question,I was asking myself the same thing..

  2. johanssm Says:

    All natural resources be it gas or petroleum are ‘said" to be own by Malaysian.
    But umno controls it !