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On 8 May 2020, Petronas agreed to pay RM 2 billion in petroleum products sales tax to Sarawak with a condition that the tax will be lowered on a staggered basis in the future. Besides, both parties also agreed that the Petroleum Development Act 1974 is valid with Petronas as the sole regulator of oil and gas industry in Malaysia. [48]
PETRONAS was also the main sponsor for the Malaysian Grand Prix, and co-sponsored the Chinese Grand Prix, and the inaugural Korean Grand Prix. PETRONAS was the exclusive premium partner of the Sauber PETRONAS (1995–2005) and BMW Sauber (2006–2009) F1 teams. BMW had acquired the controlling stake of the former Sauber PETRONAS Engineering ...
LNG Canada Development Inc. is an industrial joint venture established to construct a liquefied natural gas (LNG) export terminal in Kitimat, British Columbia, Canada. The consortium is led by Shell and also includes Petronas , PetroChina , Mitsubishi , and Korea Gas .
Rating Action: Moody's assigns (P)A2 to MTN program of PETRONAS Energy Canada LtdGlobal Credit Research - 27 Feb 2021Singapore, February 27, 2021 -- Moody's Investors Service has assigned a (P)A2 ...
The other component of PIPC is the Petronas Pengerang Integrated Complex (PIC), Petronas' largest downstream investment in a single location to date. [10] The development includes the US$16 billion Refinery and Petrochemical Integrated Development Project (RAPID).
The group has first right of refusal to acquiring future developments by its majority shareholder, KLCC Holdings Sdn Bhd (the 100%-owned property development subsidiary of Petronas). [8] KLCC Holdings is currently developing an office building and Fairmont Hotel with Qatari Diar REIT (Lot 185) and an office building on Lot 91 with Sapura ...
Sauber Petronas Engineering AG (SPE) was a company owned jointly by the Swiss racing car manufacturer Sauber (60%) and the Malaysian oil company Petronas (40%). It was founded in 1996 [1] for the purpose of supplying engines to the Sauber Formula One team but at the same time the company began work on the design of production car engines for the Malaysian national car company Proton. [2]
Majnoon was the first Iraqi field out of 10 major ones offered to international companies for development. [2] The contract with Shell and Petronas included drilling over 40 production wells, construction of three gas separation stations and two crude oil processing refineries with overall capacity of 100,000 barrels per day (16,000 m 3 /d).