...In 2011, PGB is well positioned to move into the new business of regasifying Liquefied Natural Gas (LNG), imported from across the globe – ensuring a sustainable supply of clean and green energy for the nation. In our aspiration to be a world class gas and utilities company, we will continue to see beyond the expected as we transform new opportunities into invigorating growth. ANNUAL REPORT 2 011 LNG Regasification Facilities Project PGB will own and operate the country’s first Liquefied Natural Gas (LNG) Regasification facility which will become commercially operational in 2012. The facilities, strategically located on one of the world’s busiest shipping lane – the Straits of Malacca, will be a key gateway for reinforcing the nation’s energy requirements via regasifying LNG brought in from readily available sources worldwide. Once converted to gas form, the molecules will then be flowed into PGB’s existing Peninsular Gas Utilisation (PGU) pipeline to meet various energy demands. 1 a nnual report 2011 Our Vision, Mission and Shared Values 2 Milestones in the Making 4 Five-Year Financial Highlights 6 Corporate Information 8 Contents Our Operations 10 Our Presence 12 Organisational and Corporate Structure 14 Corporate and Management Directory 15 Board of Directors 16 Performance Review 36 Directors’ Profiles 18 Q&A Q&A with the Chairman 38 Management Committee 26 CEO’s Business Review 48 Management Committee’s Profiles...
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...INTRODUCTION Petroliam Nasional Berhad (PETRONAS) is an oil company in Malaysia. PETRONAS was found on 17th August 1974. Wholly owned by the Government of Malaysia, 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. Over the years, PETRONAS have gained unique experience and expertise in nation building and this, coupled with our technical and operational competencies have allowed PETRONAS to be increasingly accepted as the preferred strategic partner by international companies and the host countries where we operate. This augurs well for the realization of our vision to become a “Leading Oil and Gas Multinational of Choice". PETRONAS was not the first company to extract oil or gas in Malaysia. It was Royal Dutch Shell that began the oil exploration in Sarawak, then under the White Rajahs, at the end of the 19th century. In 1910, the first oil well was drilled in Miri, Sarawak. This became the first oil producing well known as the Grand Old Lady. Shell was still the only oil company in the area in 1963, when the Federation of Malaya, having achieved independence from Britain six years before, united with Sarawak and Sabah, both on the island of Borneo, and became Malaysia. The authorities in the two new states retained their links with Royal Dutch Shell, which brought Malaysia's first offshore oil field on-stream in 1968. RESEARCH AND DEVELOPMENT (R&D) ...
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...AN NU AL RE PO RT 20 11 ENERGISED PDB is the leading provider of quality petroleum products in Malaysia. As we move ahead, we remain committed to continuously innovate and redefine our products, services and customer experience, further affirming our aspiration to go “All the Way” in creating sustainable value for our stakeholders. ...all the way 77 Corporate Responsibility 6 Business Highlights 78 Sustainability Report 8 Letter to Stakeholders 88 Corporate Governance Statement 13 PDB Today 97 Statement on Internal Control 15 Our Vision & Shared Values 101 Board Audit Committee’s Report 16 About PDB 104 Board Audit Committee’s Terms of Reference 18 Areas of Operation 106 Statement of Directors’ Responsibility 19 Group Structure 107 Investors’ Overview 21 Corporate Information 108 Investor Relations Report 22 Board of Directors 109 Share Performance 24 Profiles of Directors 110 Shareholders’ Information 30 Management Committee 115 Financial Calendar 35 Performance Review 117 Financial Statements 36 Q&A with the MD/CEO 173 List of Properties 43 Business Review 200 Corporate Directory 63 PDB in the News 201 Notice of Annual General Meeting 64 Highlights 2010/11 Proxy Form 70 Crude Oil and Petroleum Product Price Trend 71 Economic Outlook 72 Group Financial Summary 75 Simplified Group Financial Position 76 Value Added Statement FY 2010/11 Financial Highlights 4 29th Annual General Meeting Sapphire Ballroom, Level 1, Mandarin Oriental Kuala Lumpur, Kuala Lumpur...
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...MGT657 STRATEGIC MANAGEMENT GROUP PROJECT THE ANALYSIS AND EVALUATION OF THE WINNING STRATEGIES OF A GLOBAL OR WELL-KNOWN MALAYSIA COMPANY (PETRONAS) FOR ITS SURVIVAL IN THE NEAR FUTURE THE ANALYSIS AND EVALUATION OF THE WINNING STRATEGIES OF A GLOBAL OR WELL-KNOWN MALAYSIA COMPANY (PETRONAS) FOR ITS SURVIVAL IN THE NEAR FUTURE Introduction PETRONAS vision was "To be A Leading Oil and Gas Multinational Company of Choice" and it stated the globalization effort in 1994. PETRONAS global operation had extended to Africa countries, Confederate Independence of Soviet Union (CIS), Middle East and Asia Pacific countries. Some of the Africa countries included Sudan, South Africa (downstream Engen), Libya and Algeria. The investments in CIS were Turkmenistan and Kazarkstan. The investment in Middle East countries included Iran, Syria and Iraq. In the Asia Pacific, the oversea portfolios extended to Vietnam, Mynmar, China and Australia (both Upstream and downstream). The oversea upstream activities were undertaken by its subsidiary PETRONAS Carigali Sdn Bhd (PCSB) through its oversea subsidiary companies. When PETRONAS started its globalization efforts, the environmental factors were very much favorable. However, in 1997 and 1998 there were adverse changed in these environmental factors and had affected PETRONAS globalization efforts. Some of these factors were the regional and world economic turmoil, regional financial and currency devaluation, slower...
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...•Power Sector Industrial Sector • Industrial Sector Natural Gas Liquefaction Peninsular Gas Utilisation (PGU) System • Residential and Commercial Sectors • Residential Sector • Commercial Sector Processed Gas Exploration, Development & Production Processing Liquefied Petroleum Gas (LPG) Condensate • Industrial Sector - Ethylene, Methanol, MTBE, • Industrial Sector Polyethylene, Propylene, Urea and VCM Olefin & Derivatives, Fertiliser & Methanol Crude Oil Condensate Petrochemical Plants • Transportation Sector - Diesel, Gasoline, Jet Fuel • Transportation Sector and Lubricants Jet Fuel, Gasoline, Diesel, Fuel Oil & Lubricants Refining Petroleum Products UPSTREAM 2 PETRONAS ANNUAL REPORT 2014 DOWNSTREAM Our Presence Upstream Downstream Upstream Africa • Algeria – Development • Cameroon – Development • Egypt – Exploration, Development, Production & LNG • Mauritania – Exploration, Development & Production • Mozambique – Exploration • Republic of South Sudan – Exploration, Development & Production • Republic of Sudan – Exploration, Development & Production • Chad – Development & Production Asia Pacific • Australia – Exploration, Development, Production & LNG • Brunei – Exploration • China – Exploration & Development • Indonesia – Exploration, Development & Production • Malaysia – Exploration, Development, Production, LNG & Trading, Technology & Engineering Services • Malaysia-Thailand...
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...Petronas' venture into the liquefied natural gas (LNG) industry more than three decades ago marked Malaysia's entry into the modern gas era. When substantial gas reserves were discovered in Sarawak's Central Luconia basin in the 1970's, it was hoped that monetising this resource would bring revenue and foreign exchange needed to spearhead Malaysia's socio economic development and nation building. It was also realised then that Malaysia's proximity to industrialised Japan, opened the opportunity for PETRONAS to tap into an important energy market in need of a cost effective, efficient and cleaner energy resource. PETRONAS,Shell BV and Mitsubishi held talks which resulted in the birth of a partnership to undertake Malaysia's first LNG project, realised through the incorporation of Malaysia LNG Sdn Bhd or MLNG on 14 June 1978. The MLNG project was Malaysia's largest and most ambitious industrial undertaking at the time and the Malaysian Government established a special LNG task force to see to its successful completion. The MLNG project at that time was also the nation's single largest investment in manufacturing and required what was considered a quantum leap in technology and knowledge acquisition. Beyond the construction of the plant, the MLNG project also involved the construction of a jetty, the acquisition of LNG carriers, the establishment of infrastructure and amenities and the training of human resource. Through hard work and perseverance, the partners in the initial...
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...Listings and IPOs on Bursa Malaysia for Mining and Oil and Gas Companies Feizal Mustapha Executive Director, Advisory BDO Malaysia 21 August 2013 Asian Mining and Energy Investment Forum 2013 Shangri-La Hotel, Kuala Lumpur Mining and Oil & Gas Listings on Bursa Malaysia Listed Mining Companies • Malaysia Smelting Corporation Bhd • On 23 July 2013, Kinsteel Bhd obtained exclusive rights with KDYMM Sultan of Pahang to carry out mining operation of all types of iron ore and other minerals at Kuala Lipis 20 4 1 • Perwaja Holdings Bhd’s mining venture is still pending the final official award of iron ore mining concession in Bukit Besi from the Terengganu state government • Previous listed mining companies that have changed their core business: Listed Oil & Gas Companies Selangor Dredging Bhd Kuchai Development Bhd MMC Corporation Bhd Petaling Tin Bhd Exploration & Production Support Services (engineering, procurement, offshore drilling, equipment etc) 24 companies Shell Refining Company (Federation of Malaya) Bhd - one of the few listed in 1960s On 29 July 2013, UMW Oil & Gas Corporation Bhd received approval to list Listings and IPOs on Bursa Malaysia for Mining and Oil and Gas Companies Page 2 Mining and Oil & Gas Listings on Bursa Malaysia (Cont’d) No. of New IPOs for Oil & Gas Related Companies 8 6 4 2 0 2 2 No. of New IPOs 4 5 8 Source: Bloomberg Listings and IPOs on Bursa Malaysia for Mining and Oil and Gas Companies Page 3 ...
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...ANALYSIS INDUSTRY ANALYSIS VIVA-VOCE COMPANY ANALYSIS (FIN382) COMPANY ANALYSIS FUNDAMENTAL ANALYSIS RISK AND RETURN ANALYSIS TECHNICAL ANALYSIS CONCLUSION AND RECOMMENDATION Petronas Gas (PETGAS 6033) WORLD From all the analysis conducted in world economic analysis, it shows that the average of the GDP for all countries that being analyze was good. A good GDP indicates that the country can manage their financial very well and has good cooperation with other country. Other than that, import and export within 5 years analyze shows that the country has good results in average. This indicate world economy have large current account surpluses and have indicated plans to rebalance from foreign to domestic demand. MALAYSIA GROSS NATIONAL PROFIT GROSS DOMESTIC PROFIT (GDP) IMPORT & EXPORT GRAPH MALAYSIA BASE LENDING RATE MALAYSIA INFLATION RATE NUMBER OF EMPLOYMENT UNEMPLOYMENT RATE CURRENCY EXCHANGE RATE CONTRIBUTION TO GDP CONTRIBUTION TO GDP INDUSTRY LIFE-CYCLE MARKET SHARE MARKET SIZE Backing Factor The Industrial Master Plan (IMP3) Government interventions to support industry Malaysia also has a vibrant oil and gas industry. Sector-based approach Economic conditions vary across sectors and sector considerations PETRONAS HISTORY PRINCIPAL ACTIVITIES Exploration and production Malaysia : Petronas carigali Abroad : strengthen position by securing new acreages . Downstream (Oil and Petrohemicals) Oil : adds value to the crude oil produced by their exploration and production...
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...a sense of adventure that excites people, and also is a big chance for us to learn about other cultures and the way people live their lives. While many tourists travel to France, England or some famous countries in Europe, fewer travel to a small country in Asia. As someone who loves to explore and enjoy new things, 3 years ago in the summer, my boyfriend and I decided to backpack to Malaysia. It was a fantastic trip and an amazing experience for us that you should definitely try it. In this country, there are three destinations that travelers should not miss: the Petronas Twin Towers, Golden Triangle area, and The Genting Highland Park. When we arrived into Kuala Lumpur, we headed straight to the Petronas Twin Towers, which are also known as the world’s tallest tower. They are an impressive icon of the capital of Malaysia that are visible from about everywhere in the city, and dominate the night sky. The Petronas Twin Towers are 1,483 feet tall, have 88 stories, and were completed in 1998. The architecture was very magnificent from the outside, especially at night, they look like ice sculptures. The most attractive architecture of the tower is that at the 41st and 42nd level, there is a skybridge connecting the two towers. The bridge is 170 meters above the ground, 58 meters long and weighs 750 tons. My boyfriend and I drove the high-speed lift that zooms up to the skybridge on the 41st floor; we walked across the skybridge to take some pictures and we really enjoyed the guided...
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...building cost of close to RM 140 million with the purpose of serving as a its new cooperate headquarters satisfies the elements of cost and performance requirements that defines a project. d. It requires cross orginizalation participation because the proposed corporate building is to accommodate multiple departments with various individual and or specialized requirements and needs which involves the input and collaboration for various organizational participates. e. This building has the element of risk and uncertainty as it has to be built within its own certain set area, budget and time to serve a predetermined purpose which makes it unlikely to have been done or carried out before. 2. Dialog Subsidiaries Ink RM2.7b Petronas Gas Deal. a. The project has the objective of creating a facility which includes a regasification unit and two LNG storage tanks with a 200,000 cubic meter capacity each. b. The...
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...收入来源，知识经济服务业亦在同步扩张。 概况 国旗 马来西亚国旗又被称为“辉煌条纹”。是马来西亚的国家主权象征之一。国旗由十四道红白相间的横条所组成，左上角为蓝底加上黄色的新月及十四芒星图案。这道旗帜自1963年9月16日马来西亚成立时正式开始启用。 国旗呈横长方形，长与宽之比为2：1。主体部分由14道红白相间、宽度相等的横条组成。左上方有一深蓝色的长方形，上有一弯黄色新月和一颗14个尖角的黄色星。14道红白横条和14角星原代表全国14个州，自新加坡在1965年独立后代表全国13个州和联邦直辖区。蓝色象征人民的团结，黄色象征皇室，红色象征勇敢，白色象征纯洁，新月象征马来西亚的国教伊斯兰教。 国徽 马来西亚国徽中间为盾形徽。盾徽上面绘有一弯黄色新月和一颗14个尖角的黄色星，盾面上的图案和颜色象征马来西亚的组成及其行政区域。盾面上部列有5把入鞘的短剑，它们分别代表柔佛州、吉打州、玻璃市州、吉兰丹州和丁加奴州。盾面中间部分绘有红、黑、白、黄4条色带，分别代表雪兰莪州、彭亨州、霹雳州和森美兰州。盾面左侧绘有蓝、白波纹的海水和以黄色为地并绘有3根蓝色鸵鸟羽毛，这一图案代表槟榔屿。盾面右侧的马六甲树代表马六甲州。盾面下端左边代表沙巴，图案中绘有强健的褐色双臂，双手紧握沙巴国旗。盾面下端右边绘有一只红、黑、蓝3色飞禽，代表沙捞越州。盾面下部中间的图案为马来西亚的国花──木槿，当地人称“班加拉亚”。盾徽两侧各站着一头红舌马来虎，两虎后肢踩着金色饰带，饰带上书写着格言“团结就是力量”。 国花 朱槿 国鸟 爱情鸟(犀鸟) 首都 吉隆坡人口约167.4万（2011年7月，马统计局），面积达243平方公里。具有观光和通讯两大功能的吉隆坡石油双峰塔（The Petronas Twin Towers）高达466米，曾占据世界最高塔多年，直到台北101塔的完工。目前仍是亚洲最高塔之一，如两柄银色利剑直插云端。吉隆坡还是这个多民族、多宗教国家的缩影，市内清真寺以及佛教、印度教的寺庙随处可见，基督教的教堂也有20多座。 政府行政中心：布城(putrajaya）位于吉隆坡以南25公里处，面积达49平方公里。首相府及部分政府工作人员于1999年6月迁入，2005年前搬迁完毕，人口约67,964（2010年）。 人口 2833万（马统计局2010年）。其中马来人67.4%，华人24.6%，印度人7.3%，其他种族0.7%。马来语为国语，通用英语，华语使用较广泛。伊斯兰教为国教，其他宗教有佛教、印度教和基督教等。[1]马来西亚的人类发展指数为0.769（2012年)，处于高水平。[2] 国家格言 “一个马来西亚（SATU MALAYSIA）” 节日 主要节日有：开斋节、农历新年（即春节）、花卉节、国庆节、哈吉节、屠妖节、圣诞节、圣纪年、“五·一”节、卫塞节、 最高元首（在任）诞辰。 自然地理 面积330,257平方公里。位于东南亚，地处太平洋和印度洋之间。全境被南中国海分成东马来西亚和西马来西亚两部分。西马来西亚为马来亚地区，位于马来半岛南部，北与泰国接壤，西濒马六甲海峡，东临南中国海，南濒柔佛海峡与新加坡毗邻，东马来西亚为砂捞越地区和沙巴地区的合称，位于加里曼丹岛北部。海岸线部长4192公里。马来西亚因位于赤道附近，属于热带雨林气候和热带季风气候，无明显的四季之分，一年之中的温差变化极小，平均温度在26—30℃之间、全年雨量充沛，3至6月及10至2月是雨季。内地山区年均气温22℃~28℃，沿海平原为25℃~30℃。 行政区划...
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...Statistic Petroliam Nasional Berhad which also known as Petronas was incorporated on 17 August 1974 as the national oil company of Malaysia to own and control of the petroleum resources in the country. Petronas has grown into a fully integrated oil and gas corporation in Malaysia. In 2010, Petronas has ranked 107 in the FORTUNE Global 500 largest corporations in the world. Petronas revenue, profit and assets has grows rapidly and tremendously for the past 10 years. Besides that, Petronas also pays a substantial amount of dividend to the government. It starting from 2013 onwards, they will pay for about 30 per cent of net profit to government as dividend. The table below has shown the financial summary of Petronas for the revenue, profit and assets size. Table for the amount dividend they pay to government since year 2000 are also stated which can be seen as below. Year | Revenue (USD bil) | Profit (USD bil) | Assets (USD bil) | Dividend to Govt (RM bil) | 2000 | 15.96 | 3.32 | 32.00 | | 2001 | 19.31 | 4.34 | 36.59 | | 2002 | 17.68 | 3.84 | 37.99 | | 2003 | 21.44 | 3.98 | 46.85 | | 2004 | 25.66 | 6.23 | 53.48 | | 2005 | 36.07 | 9.36 | 62.92 | 9.10 | 2006 | 44.28 | 11.57 | 73.09 | 13.00 | 2007 | 50.98 | 14.45 | 85.20 | 20.00 | 2008 | 66.22 | 20.00 | 106.04 | 30.00 | 2009 | 76.98 | 17.21 | 106.13 | 30.00 | 2010 | 62.54 | 13.15 | 125.69 | 30.00 | 2011 | 76.82 | 20.07 | 145.10 | 30.0...
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...| TUGASAN INDIVIDU TAJUK :AKSES MAKLUMAT-TEKNOLOGITELEKOMUNIKASI MASA DEPAN | | KOD KURSUS | | UWS 10103 | NAMA KURSUS | | KENEGARAAN & PEMBANGUNAN MUTAKHIR MALAYSIA | FAKULTI | | KEJURUTERAAN ELEKTRIK DAN ELEKTRONIK | NAMA PELAJAR | | LIM SU ROA(AE130261) | SEKSYEN | | 10 | NAMA PENSYARAH | | DR.KHAIRUNESA BINTI ISA | TARIKH HANTAR | | 7 OKTOBER 2013 | MARKAHTUGASAN | | KRITERIA PEMARKAHAN PENULISAN TUGASAN INDIVIDU 10% KRITERIA | SKALA | MARKAH / ULASAN | Liputan kandungan tepat, relevan dan terperinciSkop literatur luas dan komprehensif dipilih dan sesuai. Hubungkait idea jelas ditunjukkan Reviu kritikal yang sangat baik Analisis idea dan isu tepat, komprehensif dan lengkap. Susunatur terbaik, logikal dan koheren. Idea dikembang secara menyeluruh dan jelas dengan contoh-contoh sesuai, penerangan dan huraian tambahan .Kemahiran membuat rujukan dan bibliografi sangat baik Mempunyai pelbagai sumber utama dan sekunder | Cemerlang(8-10) | | Liputan kandungan relevan dan sangat mencukupi Skop literatur yang luas dipilih dan digunakan dengan sesuai . Perhubungan idea yang jelas .Reviu kritikal yang baik Analisis idea tepat dan padatSusun atur baik dengan kesilapan yang sedikit/minima Idea dikembang dengan baik dan mengandungi fakta atau contoh mencukupi untuk menyokong hujahKemahiran membuat rujukan dan bibliografi sangat baik dengan...
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...Political Factors Primarily, the company started their strategy by making the brand more profitable. This is to build a strong financial foundation. The main changes that had happened are from the accounting practices of the company. During the said changes and process of restructure, there are different political factors that might be considered. One of this is the environmental issues. As of now, more and more individuals and organizations are focusing on different issues regarding the environment. The fact that the company will be outsourcing from other countries, there are different international as well as local laws that must be considered in order to maintain the continuous process of the development. The trade restriction and tariffs are also another of the most important political factors that must be considered. This is due to the fact that the company already followed the strategy of Adidas and Nike in outsourcing their production in Asia. The primary reason for outsourcing of production is because, most of Asian countries offer lower labor cost and other taxes compare to Europe and America. In terms of political stability, due to the fact that the company is a multinational company that produce as well as sell their products in different parts of the world, there different political issues and events in other local partners that can affect the overall performance of the company. Economic Factors The said situation in the political factors...
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...THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RICE UNIVERSITY PETRONAS: A NATIONAL OIL COMPANY WITH AN INTERNATIONAL VISION BY DR. FRED R. VON DER MEHDEN RICE UNIVERSITY WITH AL TRONER ASIA PACIFIC ENERGY CONSULTING PREPARED IN CONJUNCTION WITH AN ENERGY STUDY SPONSORED BY THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY AND JAPAN PETROLEUM ENERGY CENTER RICE UNIVERSITY – MARCH 2007 THIS PAPER WAS WRITTEN BY A RESEARCHER (OR RESEARCHERS) WHO PARTICIPATED IN THE JOINT BAKER INSTITUTE/JAPAN PETROLEUM ENERGY CENTER POLICY REPORT, THE CHANGING ROLE OF NATIONAL OIL COMPANIES IN INTERNATIONAL ENERGY MARKETS. WHEREVER FEASIBLE, THIS PAPER HAS BEEN REVIEWED BY OUTSIDE EXPERTS BEFORE RELEASE. HOWEVER, THE RESEARCH AND THE VIEWS EXPRESSED WITHIN ARE THOSE OF THE INDIVIDUAL RESEARCHER(S) AND DO NOT NECESSARILY REPRESENT THE VIEWS OF THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY NOR THOSE OF THE JAPAN PETROLEUM ENERGY CENTER. © 2007 BY THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY OF RICE UNIVERSITY THIS MATERIAL MAY BE QUOTED OR REPRODUCED WITHOUT PRIOR PERMISSION, PROVIDED APPROPRIATE CREDIT IS GIVEN TO THE AUTHOR AND THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY ABOUT THE POLICY REPORT THE CHANGING ROLE OF NATIONAL OIL COMPANIES IN INTERNATIONAL ENERGY MARKETS Of world proven oil reserves of 1,148 billion barrels, approximately 77% of these resources are under the control of national oil companies (NOCs) with no equity participation by foreign, international...
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