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PETRONAS Case Study

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B) Introduction The Petroliam Nasional Berhad (PETRONAS) was formed in 17 August 1974. It is an oil and gas company in the Malaysia. PETRONAS is position on scale among the FORTUNE Global 500 largest corporation in the environment. It has been ranked by Fortune as a 75th largest company in the environment in 2013.It is among the most profitable in Asia and be a 12th most profitable company in the earth. (Petroliam Nasional Berhad, 2014) Its ownership is Malaysian Government. As the conservator for Malaysia’s national oil and gas resources, PETRONAS explore, manufacture and deliver energy in order to fulfill society’s growing desires. PETRONAS’s growing demand has been evokes and strengthens our purpose to steady drive for brand new solutions …show more content…

It uses innovative approaches to technology that helps U.S.A. unlock and maximize energy sources from even the foremost remote and tough environments. With advanced technology and steady growth mechanical phenomenon, PETRONAS guided by its larger Corporate Sustainability Framework and has systematically and with success enforced numerous social, environmental and community programme.
Since it had been invested with PETRONAS has grown up to be a national oil and gas corporation with business interests in 31 countries. PETRONAS comprised 103 wholly-owned subsidiaries, 19 partly-owned outfits and 57 associated corporations until the end of March 2005. (Petronas, 2015) At the same time, PETRONAS has participated in different oil and gas based activities. The PETRONAS Group operation can be divide into two sector, which is Upstream and Downstream. The purpose of Upstream is to maximizing resources for growth. Upstream

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