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Petronas Chemicals raises 4.1 billion dollars in IPO

Petronas to list Petronas Chemicals Group, total assets RM26.89b

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has released the draft prospectus for Petronas Chemicals Group Bhd, formerly Kuantan Terminal Sdn Bhd, which has total assets of RM26.98 billion as at March 31, 2010.

The draft showed Petronas Chemicals posted net profit of RM2.59 billion on the back of RM12.20 billion in revenue for the financial year ended March 21, 2010.

Tengku Razaleigh Hamzah - Petronas Chairman - Part 1

Summary
- The Interview was conducted in Bahasa Malaysia
- Tengku Razaleigh explained the difficulties and obstacles in the early stages of Petronas and the needs to amend Akta Kemajuan Petroleum 1974.
- Tengku Razaleigh stressed on why the country's wealth and resources belongs to the rakyat.
Download:
FLVMP43GP

Tengku Razaleigh Hamzah - Petronas Chairman - Part 2

Summary
- The Interview was conducted in Bahasa Malaysia
- He explained the structure of oil royalty between federal and states government.
- He gave example on how and what past tin companies had been doing to the country's reserves.
- He again stressed, for the benefit of the country and rakyat, that Petronas must control and manage oil and gas resources properly.
- He had hoped that, with proper training, our own citizen should be given a role to take part and perform in the oil & gas and other related industry as well, not just a spectator.


[ Download ]
Download:
FLVMP43GP
Download:
FLVMP43GP

Petronas move to list 2 big units welcomed

Analysts say this is good good news for investors, considering that big new listings have been slow in coming to Bursa Malaysia
National oil firm Petroliam Nasional Bhd (Petronas) will list two "sizeable" subsidiaries with good track records on the local stock exchange this year, Prime Minister Datuk Seri Najib Razak said.

Analysts said this was good news for investors, considering that big new listings had been slow in coming to Bursa Malaysia, with sizeable companies like Astro All Asia Networks plc aiming to go private.

Last year, there were just 12 new listings on Bursa Malaysia.

Petronas Staff Bid Hassan Farewell With Fond Memories

By Siti Hawa Othman

KUALA LUMPUR, Feb 9 (Bernama) -- Petronas is one brand that makes Malaysians proud. And for over a decade, one man has been the face of Petronas, the man we bid farewell on Tuesday.

The mood was mixed with a tinge of sadness as he walked to the foyer of the Petronas Twin Towers, shaking hands with the staff and well-wishers.

Petronas profit falls on lower sales, oil price

PETROLIAM Nasional Bhd, Malaysia’s state oil company, said first-half profit dropped 48 per cent because the global economic slowdown sapped energy demand and reduced fuel prices.

Net income fell to RM20.29 billion (US$6 billion) in the six months ended Sept 30 from RM38.65 billion a year earlier, Petronas, as the company is known, said in a statement on its Web site. Sales declined 38 per cent to RM98.18 billion.

Petronas sells stakes in Irish gas fields to Providence

PETALING JAYA: Providence Resources plc is exercising options to acquire 40% stakes in the Kinsale Head Area gas fields plus the adjoining Seven Heads field from Petronas International Corp Ltd, the overseas investment arm of Petroliam Nasional Bhd (Petronas).

Kinsale Head comprises the Kinsale Head, South West Kinsale and Ballycotton gas fields and also gas storage facility in the Celtic Sea.

Petronas gas records pre-tax profit of RM268.716 mln in Q2

KUALA LUMPUR, Nov 20 (Bernama) -- Petronas Gas Bhd recorded a lower pre-tax profit of RM268.716 million in the second quarter ended Sept 30, 2009, compared to a pre-tax profit of RM273.595 million in the corresponding quarter in 2008.

Revenue declined to RM823.188 million from RM849.700 million previously, the company said in an announcement last Friday.

Petronas Dagangan Records Pre-tax Profit Of RM275.914 Million In Quarter 2

KUALA LUMPUR, Nov 23 (Bernama) -- Petronas Dagangan Bhd recorded a higher pre-tax profit of RM275.914 million in the second quarter ended Sept 30, 2009 compared to the pre-tax profit of RM182.933 million posted in the same quarter of 2008.

However, revenue dropped to RM5.152 billion from RM7.69 billion, the company said in a statement to Bursa Malaysia here Monday.

Petronas to list Petronas Chemicals Group, total assets RM26.89b

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has released the draft prospectus for Petronas Chemicals Group Bhd, formerly Kuantan Terminal Sdn Bhd, which has total assets of RM26.98 billion as at March 31, 2010.

The draft showed Petronas Chemicals posted net profit of RM2.59 billion on the back of RM12.20 billion in revenue for the financial year ended March 21, 2010.

Tengku Razaleigh Hamzah - Petronas Chairman - Part 1

Summary
- The Interview was conducted in Bahasa Malaysia
- Tengku Razaleigh explained the difficulties and obstacles in the early stages of Petronas and the needs to amend Akta Kemajuan Petroleum 1974.
- Tengku Razaleigh stressed on why the country's wealth and resources belongs to the rakyat.
Download:
FLVMP43GP

Tengku Razaleigh Hamzah - Petronas Chairman - Part 2

Summary
- The Interview was conducted in Bahasa Malaysia
- He explained the structure of oil royalty between federal and states government.
- He gave example on how and what past tin companies had been doing to the country's reserves.
- He again stressed, for the benefit of the country and rakyat, that Petronas must control and manage oil and gas resources properly.
- He had hoped that, with proper training, our own citizen should be given a role to take part and perform in the oil & gas and other related industry as well, not just a spectator.


[ Download ]
Download:
FLVMP43GP
Download:
FLVMP43GP

Petronas move to list 2 big units welcomed

Analysts say this is good good news for investors, considering that big new listings have been slow in coming to Bursa Malaysia
National oil firm Petroliam Nasional Bhd (Petronas) will list two "sizeable" subsidiaries with good track records on the local stock exchange this year, Prime Minister Datuk Seri Najib Razak said.

Analysts said this was good news for investors, considering that big new listings had been slow in coming to Bursa Malaysia, with sizeable companies like Astro All Asia Networks plc aiming to go private.

Last year, there were just 12 new listings on Bursa Malaysia.

Petronas Staff Bid Hassan Farewell With Fond Memories

By Siti Hawa Othman

KUALA LUMPUR, Feb 9 (Bernama) -- Petronas is one brand that makes Malaysians proud. And for over a decade, one man has been the face of Petronas, the man we bid farewell on Tuesday.

The mood was mixed with a tinge of sadness as he walked to the foyer of the Petronas Twin Towers, shaking hands with the staff and well-wishers.

Petronas profit falls on lower sales, oil price

PETROLIAM Nasional Bhd, Malaysia’s state oil company, said first-half profit dropped 48 per cent because the global economic slowdown sapped energy demand and reduced fuel prices.

Net income fell to RM20.29 billion (US$6 billion) in the six months ended Sept 30 from RM38.65 billion a year earlier, Petronas, as the company is known, said in a statement on its Web site. Sales declined 38 per cent to RM98.18 billion.

Petronas sells stakes in Irish gas fields to Providence

PETALING JAYA: Providence Resources plc is exercising options to acquire 40% stakes in the Kinsale Head Area gas fields plus the adjoining Seven Heads field from Petronas International Corp Ltd, the overseas investment arm of Petroliam Nasional Bhd (Petronas).

Kinsale Head comprises the Kinsale Head, South West Kinsale and Ballycotton gas fields and also gas storage facility in the Celtic Sea.

Petronas gas records pre-tax profit of RM268.716 mln in Q2

KUALA LUMPUR, Nov 20 (Bernama) -- Petronas Gas Bhd recorded a lower pre-tax profit of RM268.716 million in the second quarter ended Sept 30, 2009, compared to a pre-tax profit of RM273.595 million in the corresponding quarter in 2008.

Revenue declined to RM823.188 million from RM849.700 million previously, the company said in an announcement last Friday.

Petronas Dagangan Records Pre-tax Profit Of RM275.914 Million In Quarter 2

KUALA LUMPUR, Nov 23 (Bernama) -- Petronas Dagangan Bhd recorded a higher pre-tax profit of RM275.914 million in the second quarter ended Sept 30, 2009 compared to the pre-tax profit of RM182.933 million posted in the same quarter of 2008.

However, revenue dropped to RM5.152 billion from RM7.69 billion, the company said in a statement to Bursa Malaysia here Monday.