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Encyclopedia > Petronas
PETRONAS
Type Public Company
Founded 17 August 1974
Headquarters Petronas Twin Towers in Kuala Lumpur,
Flag of Malaysia Malaysia
Key people Tan Sri Dato’ Mohd Hassan Marican, Group CEO
Industry Oil and Gas
Products Gasoline, Petrol
Revenue 51.0 billion USD (2007)
Net income 12.9 billion USD (2007)
Employees 33,944 worldwide
Website www.petronas.com.my

Petronas, short for Petroliam Nasional Berhad, is a Malaysian owned oil and gas company that was founded on August 17, 1974. Wholly owned by the Government, the corporation is vested with the entire oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. Petronas is ranked among Fortune Global 500's largest corporations in the world. A public company usually refers to a company which is permitted to offer its securities (stock, bonds, etc. ... The Petronas Twin Towers (also known as the Petronas Towers), in Kuala Lumpur, Malaysia, were the worlds twin towers from 1998 to 2004, if measured from the level of the main entrance to the structural top. ... This article does not cite any references or sources. ... Image File history File links Flag_of_Malaysia. ... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... This article does not cite any references or sources. ... Gasoline or petrol is a petroleum-derived liquid mixture consisting mostly of hydrocarbons and enhanced with benzene or iso-octane to increase octane ratings, used as fuel in internal combustion engines. ... Gasoline, as it is known in North America, or petrol, in many Commonwealth countries (sometimes also called motor spirit) is a petroleum-derived liquid mixture consisting primarily of hydrocarbons, used as fuel in internal combustion engines. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links No higher resolution available. ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... The United States dollar is the official currency of the United States. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... The United States dollar is the official currency of the United States. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible... Natural gas is a gaseous fossil fuel consisting primarily of methane but including significant quantities of ethane, butane, propane, carbon dioxide, nitrogen, helium and hydrogen sulfide. ... August 17 is the 229th day of the year (230th in leap years) in the Gregorian calendar. ... 1974 (MCMLXXIV) was a common year starting on Tuesday. ... The Fortune Global 500 is a ranking of the top 500 corporations worldwide as measured by revenue. ...


Since its incorporation Petronas has grown to be an integrated international oil and gas company with business interests in 31 countries. As of the end of March 2005, the Petronas Group comprised 103 wholly owned subsidiaries, 19 partly-owned outfits and 57 associated companies. Together, these companies make the Petronas Group, which is involved in various oil and gas based activities.


The Group is engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas 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; petrochemical manufacturing and marketing; shipping; automotive engineering; and property investment. Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... The petroleum industry is usually divided into three major components: upstream, midstream and downstream. ... Oil exploration is the search by petroleum geologists for hydrocarbon deposits beneath the Earths surface. ... The downstream oil sector is a term commonly used to refer to the selling and distribution of products derived from crude oil. ... View of the Shell/Valero Martinez oil refinery An oil refinery is an industrial process plant where crude oil is processed and refined into useful petroleum products. ... Petroleum products are useful materials derived from crude oil (petroleum) as it is processed in oil refineries. ... Liquefaction of gases includes a number of processes used to convert a gas into a liquid state at a temperature above the normal boiling point of the substance. ... Liquefied natural gas or LNG is natural gas that has been processed to remove either valuable components e. ... Petrochemicals are chemical products made from raw materials of petroleum (hydrocarbon) origin. ... Automotive engineering is a branch of Vehicle engineering, incorporating elements of mechanical, electrical, electronic, software and safety engineering as applied to the design, manufacture and operation of automobiles, buses and trucks and their respective engineering subsystems. ...


Petronas built the Petronas Twin Towers (opened 1998), once the world's tallest buildings, as its headquarters. The Petronas Twin Towers (also known as the Petronas Towers), in Kuala Lumpur, Malaysia, were the worlds twin towers from 1998 to 2004, if measured from the level of the main entrance to the structural top. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... For many millennia the record holder for worlds tallest structure was clearly defined (see table below. ...


In 2004, Minister in the Prime Minister's Department, Datuk Mustapa Mohamed, stated that Petronas contributed RM 25 Billion to the country's treasury accounting for 25 percent of revenue collected via dividends and other revenues. shelby was here 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


Motorsport

Petronas is a partner of the BMW Sauber Formula One team.

Petronas was one of the main sponsors of the Sauber Formula One team, and it supplies lubricants and fuel to the team. It also owned 40 percent of Sauber Petronas Engineering, the company that builds chassis which formerly utilized Ferrari designed engines used by the Sauber team, until being bought out by German motor company BMW. Petronas is also the main sponsor for Malaysian Grand Prix and co-sponsors the Chinese Grand Prix. For the 2006 Formula One season, Petronas is the exclusive premium partner of the newly-formed BMW Sauber F1 Team. BMW has acquired the controlling stake of the former Sauber Petronas Engineering. Petronas also sponsors the Malaysian Cub Prix races. Image File history File linksMetadata BMW_Sauber_2006_Car_Launch. ... Image File history File linksMetadata BMW_Sauber_2006_Car_Launch. ... BMW Sauber F1 is a Formula One team with bases in Hinwil, Switzerland and Munich, Germany. ... Formula One - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... Sponsorship Porsches during WTA championships in Madrid For other uses, see Sponsor (disambiguation). ... Sauber was a swiss constructor of racing cars. ... Formula One - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... A lubricant (colloquially, lube, although this may also refer to personal lubricants) is a substance (usually a liquid) introduced between two moving surfaces to reduce the friction and wear between them. ... Fuel is any material that is capable of releasing energy when its chemical or physical structure is changed or converted. ... Sauber was a swiss constructor of racing cars. ... This article does not cite any references or sources. ... BMW, or Bavarian Motor Works, is an independent German company and manufacturer of automobiles and motorcycles. ... First included in the Formula One World Championship in 1999, the Malaysian Grand Prix is held at the hyper-modern Sepang International Circuit at Sepang, Malaysia, near Kuala Lumpur. ... The first Chinese Grand Prix took place on September 26, 2004, where Rubens Barrichello drove to first place. ... 2006 Formula One season - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... BMW Sauber F1 Team, founded by Peter Sauber, is a Formula One team based in Hinwil, Switzerland and Munich, Germany. ... Malaysian Cub Prix official logo Malaysian Cub Prix is a motorcycle tournament held in Malaysia for Supercub compatible mopeds a. ...


It also sponsors many other sporting events and teams, mostly motorsports. Some of these sponsorships includes the PERT (Petronas EON Rally Team), the now defunct Foggy Petronas Superbike team (in which Petronas debutes their own superbike, the FP1), and also the Petronas Adventure Team, a 4X4 adventure team.


In terms of further Formula One involvement, every year Petronas takes the BMW-Sauber teams to various parts of Malaysia for F1 demos so the public who are unable to go to the track itself get to experience a little bit of what F1 offers. Other promotional events are held in the run up to the race and the drivers play an integral part in this so much so that Nick Heidfeld concedes that there are more fans for BMW-Sauber in Malaysia in than most other countries. Nick Heidfeld, frequently referred to as Quick Nick,[1] (born May 10, 1977) is a German Formula One auto racing driver for the BMW Sauber factory team. ...


As part of its corporate social responsibility programme, Petronas also brings underprivileged kids to watch the race.


Education

Petronas awards education sponsorships in the form of convertible loans to Malaysian and international students to further their studies at local or foreign universities. The Petronas unit that is responsible for handling education matters is called the Education Sponsorship Unit (ESU). These sponsorships are awarded based on academic results, co-curricular activities, family background as well as an assessment of student personality (which is conducted throughout a program called EduCamp, which all prospective Petronas students are required to undergo). Students who are absorbed by Petronas at the end of their tertiary studies have their convertible loans converted into full scholarships. These students are under contract agreement to work for the company for two years for every one year they are sponsored.

A Petronas petrol station
A Petronas petrol station

Image File history File links Download high resolution version (1555x419, 160 KB) Please see the file description page for further information. ... Image File history File links Download high resolution version (1555x419, 160 KB) Please see the file description page for further information. ...

External Links

  • Official website
  • Official Petronas Community website

  Results from FactBites:
 
Petronas Towers - Wikipedia, the free encyclopedia (1090 words)
The Petronas Towers (also known as the Petronas Twin Towers), in Kuala Lumpur, Malaysia (3°9′28.26″N, 101°42′41.94″E), were once the world's tallest buildings when measured from the level of the main entrance to the structural or architectural top.
The Petronas Towers are currently the tallest twin towers in the world, and it lays claim to being the world's tallest high rise of the 20th century.
Although other buildings such as the Sears Tower have higher occupied floors, a higher pinnacle, and a higher roof, the Petronas Towers' spires are classified as architectural details and rise to 452 m (1483 feet), giving it the greatest structural height until Taipei 101.
Petronas - Wikipedia, the free encyclopedia (438 words)
Petronas, short for Petrolium Nasional Berhad, is Malaysia's state owned oil and gas company that was founded on August 17, 1974.
Rajesh Pillai was here Petronas was one of the main sponsors of the Sauber Formula One team, and it supplies lubricants and fuel to the team.
Petronas is also the main sponsor for Malaysian Grand Prix and co-sponsors the Chinese Grand Prix.
  More results at FactBites »

 
 

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