The behind of PETRONAS

PETRONAS is well known as the biggest manufactory oil in Malaysia. PETRONAS' Logistics and Maritime Business is mainly undertaken by shipping subsidiary, MISC Berhad. MISC is Malaysia's leading international maritime corporation. The principal businesses of MISC consist of ship owning, ship operating, other shipping related activities, owning and operating of offshore floating facilities as well as marine repair, marine conversion and engineering and construction works. MISC has grown from being purely a shipping line in 1968 to become a fully integrated maritime, offshore floating solutions, heavy engineering and logistics services provider. This was brought about when MISC became a subsidiary of PETRONAS in 1998, a move that produced synergistic benefits especially in the field of oil & gas transportation. As a subsidiary of PETRONAS, MISC adds value to petroleum and LNG business by providing the Group with reliable transport and logistics support as well as the flexibility to trade the products in the international markets. Its modern and well-diversified fleet of more than 130 vessels with a combined tonnage of more than 13 million deadweight tons (DWT) traverses the globe, calling at most major ports around the world. Through its subsidiary, Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), MISC has also built a strong foundation in the marine and heavy engineering industry. Today, MHB is well on its way to become a center of choice for marine repair undertaking the repair and maintenance of LNG carriers, Very Large Crude Carriers (VLCC), Ultra Large Crude Carriers (ULCC) and other marine vessels and marine facilities. Its marine conversion and engineering and construction business also offers a range of construction and engineering services of oil and gas production facilities, contributing in particular to the development of PETRONAS' deep water operations. MISC also offers total logistics services which include Freight Management, Transportation and Warehousing services through its wholly owned subsidiary, MISC Integrated Logistics Sdn Bhd (MILS). MILS' specialized Project Logistics and Supply Chain Management unit serve the upstream and downstream logistics requirements of PETRONAS and the global energy industry.

Downstream (Oil and Petrochemicals)

Oil

PETRONAS adds value to the crude oil produced by their exploration and production operations through their integrated oil business that encompasses refining, marketing, trading and retail operations. Comprising a range of significant grades from various regions, the crudes are traded and marketed internationally as well as processed into petroleum products at their refineries for both domestic and export markets. They own and operate four refineries with a total refining capacity of more than 448,000 barrels per day. The petroleum products from these refineries are marketed through their network of service stations in several countries, including in Indonesia, Malaysia, South Africa, Sudan and Thailand.

Petrochemicals

PETRONAS’ venture into the petrochemical industry adds further value to the nation’s gas resources. They partner foreign multinational companies to acquire the best petrochemical expertise and technological know-how. With adequate feedstock via the Peninsular Gas Utilisation (PGU) pipeline, PETRONAS is positioning Malaysia to be a competitive petrochemical hub with the establishment of two integrated petrochemical complexes (IPCs) with superior logistics and infrastructure capabilities. The Kertih IPC and the Gebeng IPC provide ready sites for petrochemical plants with the provision of industrial gases and utilities via the Centralised Utility Facilities, ports and a railway link for a more efficient delivery system. Since 1992, the IPCs have grown to become home to more than 20 petrochemical plants. The IPCs are aimed to enhance competitiveness through the establishment of synergistic linkages and integration both within plants as well as between common infrastructure and support facilities, making the entire manufacturing process more cost effective and efficient. PETRONAS is also promoting the plastics manufacturing sector by developing the Kertih Plastics Park to take advantage of readily available feedstock from the adjacent IPC. PETRONAS’ subsidiary, PETRONAS Chemicals Marketing Sdn Bhd (PCM), markets and trades their petrochemical products to both Malaysian and international customers.