Malaysia: oil, gas, petrochemicals

Petronas or Petroliam Nasional Berhad was established on 17 August 1974 as the national petroleum corporation of Malaysia. The Petroleum Development Act, passed by the Malaysian Parliament in October of that same year, vested in Petronas the entire ownership of all oil and natural gas resources in the country. These resources are considerable and Malaysia is poised to become one of the major petrochemical producers in the region. This report outlines the extent of oil, gas and petrochemicals production in Malaysia, lists companies holding licences and contracts from Petronas and provides a directory of the Malaysian oil industry. (Author)