Petroliam Nasional Berhad (PETRONAS)

Integrated Report 2020

The Group Overview The Group Overview

E
Europe

PETRONAS Around the World

Upstream • Ireland – Lubricants
Upstream Gas + New Energy • Ireland – Abandonment, Decommissioning • Italy – Lubricants
• Kosovo – Lubricants
Gas + New Energy • Latvia – Lubricants
Downstream Project Delivery and • United Kingdom – LNG, Gas Marketing and Trading • Lithuania – Lubricants
• Luxembourg – Lubricants
Technology Downstream • Macedonia – Lubricants
• Albania – Lubricants • Malta – Lubricants
• Andorra – Lubricants • Martinique – Lubricants
Location • Austria – Lubricants • Moldova – Lubricants
• Azerbaijan – Lubricants • Netherlands – Petrochemicals, Lubricants
• Belarus – Lubricants • Norway – Lubricants
• Belgium – Lubricants • Poland – Petrochemicals, Lubricants
• Bosnia-Herz. – Lubricants • Portugal – Lubricants
• Bulgaria – Lubricants • Romania – Lubricants
• Croatia – Lubricants • Russia – Lubricants
• Cyprus – Lubricants • Serbia – Lubricants
• Czech Republic – Lubricants • Slovakia – Lubricants
• Denmark – Lubricants • Slovenia – Lubricants
• Estonia – Lubricants • Spain – Lubricants
• Finland – Lubricants • Sweden – Lubricants
• France – Lubricants • Switzerland – Lubricants
• Georgia – Lubricants • Ukraine – Lubricants
• Germany – Petrochemicals, Lubricants • United Kingdom – Lubricants
• Greece – Lubricants • Vatican City – Lubricants
• Hungary – Lubricants
• Iceland – Lubricants Project Delivery and Technology
• Italy AP
Asia Pacific
Upstream Downstream
• Australia – Development, Production • Australia – Petrochemicals, Lubricants
E • Brunei – Exploration, Development, Production • Bangladesh – Lubricants
• Indonesia – Exploration, Development, Production • Brunei – Lubricants
• Malaysia – Exploration, Development, Production, • Cambodia – Lubricants
Abandonment • China – Petrochemicals, Lubricants
• Malaysia-Thailand Joint Development Area – • Fiji – Lubricants
Development, Production • Hong Kong – Lubricants
CA • Myanmar – Development, Production • India – Petrochemicals, Lubricants
• Vietnam – Production • Indonesia – Petrochemicals, Lubricants
• Japan – Petrochemicals, Lubricants
Gas + New Energy • Malaysia – Petrochemicals, Retail, Refinery, Lubricants
NA • Australia – LNG • Maldives – Lubricants
• China – LNG Marketing • Myanmar – Petrochemicals, Lubricants
• India – LNG Marketing, Solar • Nepal – Lubricants
• Indonesia – Gas Infrastructure • New Zealand – Petrochemicals, Lubricants
• Japan – LNG Marketing • Papua New Guinea – Lubricants
• Malaysia – LNG, Solar, Gas Processing, Gas • Philippines – Petrochemicals, Lubricants
Transportation, Utilities, Regasification, Gas Marketing • Singapore – Petrochemicals, Lubricants
ME and Trading • South Korea – Petrochemicals, Lubricants
• Thailand – LNG Marketing, Gas Infrastructure • Sri Lanka – Lubricants
A • South Korea – LNG Marketing • Taiwan – Petrochemicals, Lubricants
• Thailand – Petrochemicals, Lubricants
• Vietnam – Petrochemicals, Lubricants
AP Project Delivery and Technology
• Brunei • Indonesia • Myanmar • Malaysia
A
Africa
Upstream • Cameroon – Lubricants
• Chad – Development, Production • Cote d’Ivoire – Lubricants
• Egypt – Exploration • Egypt – Lubricants
• Gabon – Exploration • Ethiopia – Lubricants
• Gambia – Exploration • Guinea – Lubricants
• Mauritania – Abandonment, Decommissioning • Lesotho – Retail, Lubricants
• Republic of South Sudan – Development, Production • Libya – Lubricants
• Republic of Sudan – Midstream • Madagascar – Lubricants
• Senegal – Exploration • Mauritius – Retail, Lubricants
• Namibia – Retail, Lubricants
LA Gas + New Energy • South Africa – Refinery, Retail, Lubricants, Petrochemicals
• Egypt - LNG • Republic of South Sudan – Lubricants
Breakdown of Employees by Downstream
•
•
Swaziland – Retail, Lubricants
Togo – Lubricants
Region (%) • Democratic Republic of the Congo – Retail, Lubricants
• Angola – Lubricants
• Tunisia – Lubricants
• Botswana – Retail, Lubricants Project Delivery and Technology
• Burkina Faso – Lubricants • Egypt • Mauritania • Republic of South Sudan
• Burundi – Lubricants
Africa CA NA
Central Asia North America
6.8% 2019
Upstream Upstream
6.7% 2020 • Azerbaijan – Development, Production • Canada (Unconventional) – Development, Production
• Turkmenistan – Development, Production • Mexico – Exploration
Asia • United States of America – Exploration
Downstream
2019 • Armenia – Lubricants Gas + New Energy
84.8% • Kazakhstan – Lubricants • Canada – LNG (Under construction)
84.6% 2020 • Kyrgyzstan – Lubricants
Downstream
• Turkmenistan – Lubricants
• Uzbekistan – Lubricants • Canada – Petrochemicals, Lubricants
Australia and New Zealand • Mexico – Lubricants
Project Delivery and Technology • United States of America – Petrochemicals, Lubricants
0.1% 2019 • Turkmenistan Project Delivery and Technology
0.1% 2020 LA
• Canada
Latin America
Commonwealth of Independent States ME
Upstream Middle East
1.5% 2019 • Argentina (Unconventional) – Development, Production
• Brazil – Exploration, Development, Production Upstream
1.4% 2020 • Suriname – Exploration • Iraq – Development, Production
• Oman – Development, Production
Employment Type Gender Distribution Total Employees Downstream
Europe • Argentina – Lubricants Gas + New Energy
• Brazil – Lubricants • United Arab Emirates – LNG Marketing, Solar
2019 • Belize – Lubricants
2.6% Year 2020 Year 2019 Year 2020 Year 2019 Year 2020 Year 2019 • Bolivia – Lubricants
• Chile – Lubricants Downstream
2.7% 2020 • Columbia – Lubricants • Bahrain – Lubricants
• Costa Rica – Lubricants • Iraq – Lubricants
• Dominican Republic – Lubricants • Jordan – Lubricants
Middle East • Ecuador – Lubricants • Kuwait – Lubricants
• El Salvador – Lubricants • Lebanon – Lubricants
2.1% 2019 86% Permanent 88% 72% Male 73% • Guatemala – Lubricants • Oman – Lubricants
• Guyana – Lubricants • Palestine – Lubricants
2.4% 2020 • Haiti – Lubricants • Qatar – Lubricants
48,679 47,669 • Honduras – Lubricants • Saudi Arabia – Lubricants
• Nicaragua – Lubricants • Turkey – Petrochemicals
North and South America • Panama – Lubricants • United Arab Emirates – Petrochemicals, Lubricants
• Paraguay – Lubricants
2.1% 2019 14% Contract 12% 28% Female 27% • Peru – Lubricants Project Delivery and Technology
• Suriname – Lubricants • Iraq
2.1% 2020 • Uruguay – Lubricants
Project Delivery and Technology
• Turkmenistan

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 Petroliam Nasional Berhad (PETRONAS)
Integrated Report 2020

Corporate Structure Corporate Structure

Wholly-owned Subsidiaries (170) Partly Owned Subsidiaries (56) Associate Companies (44)

PETRONAS Carigali Sdn Bhd Kebabangan Petroleum Operating Co. Sdn Bhd (40%)
PCPP Operating Company Sdn Bhd (40%)
PETRONAS Carigali Overseas Sdn Bhd
PETRONAS Carigali Nigeria Limited
PC Randugunting Ltd
PETRONAS Carigali (Ketapang Ltd)
PETRONAS Carigali (West Galagah Kambuna) Ltd.
PETRONAS Carigali (Surumana) Ltd
PETRONAS Carigali White Nile (5B) Ltd
PC Lampung II Ltd
PETRONAS Carigali (Australia) Pty Ltd

PC JDA Limited Carigali Hess Operating Co. Sdn Bhd (50%)

Carigali-PTTEPI Operating Co. Sdn Bhd (50%)

E&P Venture Solutions Co. Sdn Bhd BC Petroleum Sdn Bhd (20%)
E&P O&M Services Sdn Bhd

E&P Malaysia Venture Sdn Bhd

Vestigo Petroleum Sdn Bhd Ophir Production Sdn Bhd (20%)

PETRONAS Assets Sdn Bhd

Petrofibre Network (M) Sdn Bhd

PETRONAS Digital Sdn Bhd
Virtus IP Sdn Bhd

PETRONAS Hartabina Sdn Bhd

PRBF Holdings Corporation Sdn Bhd

PRBF Properties Sdn Bhd

PETRONAS Trading Corporation Sendirian Berhad

PETCO Trading (UK) Limited

PETCO Trading Labuan Company Ltd
PETCO Trading DMCC
P.T. PETRONAS Niaga Indonesia

PETRONAS Technical Services Sdn Bhd

PTSSB DMCC
PETRONAS Technology Ventures Sdn Bhd

PTV International Ventures Ltd

PETRONAS Global Technical Solutions Sdn Bhd

OGP Technical Services Sdn Bhd

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 Petroliam Nasional Berhad (PETRONAS)
Integrated Report 2020

Corporate Structure Corporate Structure

Wholly-owned Subsidiaries (170) Partly Owned Subsidiaries (56) Associate Companies (44)

PETRONAS International Corporation Ltd Transasia Pipeline Company Pty Ltd (35%)

PT Transportasi Gas Indonesia (40%)

PETRONAS Carigali Myanmar Inc.
PETRONAS Carigali (Turkmenistan) Sdn Bhd
MITCO Labuan Co. Limited
PCM Chemical India Private Limited

PETRONAS Carigali Nile Ltd Petrodar Operating Company Ltd (40%)

SUDD Petroleum Operating Co. Ltd (67.875%) Greater Nile Petroleum Operating Company (30%)
DAR Petroleum Operating Co. Ltd (40%)
Greater Pioneer Operating Co. Ltd (30%)

PICL (Egypt) Corporation Ltd Egyptian LNG Co. S.A.E (35.5%)

WDDM Energy Ltd Burullus Gas Company S.A.E (25%)
Idku Natural Gas Liquefaction Company S.A.E (38%)
Nada Properties Co. Ltd El Beherah Natural Gas Liquefaction Company S.A.E (35.5%)
PC Madura Ltd
Egyptian Operating Company for Natural Liquefaction
PC Muriah Ltd Project S.A.E (35.5%)
PC (Myanmar) Holdings Limited
PC Myanmar (Hong Kong) Limited

PETRONAS Carigali Myanmar III Inc. Taninthayi Pipeline Co Limited Liability Company (30%)
PETRONAS Carigali (Jabung) Ltd PP Oil & Gas Indonesia Holding Ltd (50%)
PICL Marketing Thailand Ltd
Myanmar PETRONAS Trading Company Limited
PETRONAS (Thailand) Co. Ltd
PC Vietnam Limited Lam Son Joint Operating Company (50%)
PC Mauritania I Pty Ltd
PC Mauritania II B.V
PETRONAS Philippines Inc
Parsi International Ltd
Argentinean Pipeline Holding Company S.A

PETRONAS Australia Pty Ltd

PAPL Services Pty Ltd
PAPL (Upstream) Pty Ltd
PAPL (Upstream II) Pty Ltd
PAPL (Downstream) Pty Ltd

Labuan Energy Corporation Limited

PSE Ireland Limited
LEC Ireland Employment Limited

PETRONAS LNG Sdn Bhd Japan Malaysia LNG Co. Ltd (93%)
PETRONAS Energy (India) Private Limited
PETRONAS LNG (UK) Ltd
PETRONAS LNG Ltd
PETRONAS Energy Trading Limited
PNW LNG Marketing Sdn Bhd
LNG Investments Europe Ltd
PETRONAS Carigali Brunei Ltd

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 Petroliam Nasional Berhad (PETRONAS)
Integrated Report 2020

Corporate Structure Corporate Structure

Wholly-owned Subsidiaries (170) Partly Owned Subsidiaries (56) Associate Companies (44)

PETRONAS International Corporation Ltd (Continued)

PETRONAS (E&P) Overseas Ventures Sdn Bhd

PETRONAS Iraq Garraf Ltd

Natuna 1 B.V.
PETRONAS Carigali Canada B.V.
PETRONAS Carigali International E&P B.V.
PETRONAS Carigali Iraq Holding B.V.
PETRONAS Brasil E&P Limitada
PETRONAS Angola E & P Ltd
Garraf Technical Services Ltd
PETRONAS Azerbaijan Upstream Sdn Bhd
PC Kualakurun Ltd
PC North Madura II Ltd
PETRONAS Carigali Chad Exploration & Production Inc
PC Senegal Ltd
Petroliam Manpower Services Mexico S.A. de C.V.
PC Sakakemang B.V.
PC Gambia Ltd
PETRONAS Petroleo Brasil Limitada
PC Oman Ventures Ltd
Petroliam Manpower Support Services Mexico S.A. de C.V.
PETRONAS Carigali International Sdn Bhd
PETRONAS Gebang Indonesia B.V.
PETRONAS Andaman III Indonesia B.V.
PETRONAS West Papua IV Indonesia B.V.
PETRONAS Aru Indonesia B.V.

PETRONAS Lubricants International Sdn Bhd

PLI (Netherlands) B.V.

PLI Italy SPA

PETRONAS Base Oil (M) Sdn Bhd

PETRONAS Lubricants Africa Ltd

PETRONAS Lubricants (India) Private Limited

PLAL DMCC

PETRONAS Lubricants China Company Limited Guangxi Beihai Yuchai PETRONAS - 50% held by
High Quality Lube Co. Ltd. (50%) Guangxi Yuchai
PETRONAS Lubricants (Shandong) Co., Ltd Machinery Group
Co. Ltd.
PETRONAS Marketing (China) Co. Ltd

PT PLI Indonesia
PLI Australia Pty. Limited

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 Petroliam Nasional Berhad (PETRONAS)
Integrated Report 2020

Corporate Structure Corporate Structure

Wholly-owned Subsidiaries (170) Partly Owned Subsidiaries (56) Associate Companies (44)

PETRONAS International Power Corporation B.V.

Amplus Energy Solution Pte. Ltd.

Amplus Energy Solutions FZE

Amplus Energy Solutions (Thailand) Co Ltd.
Amplus Energy Solutions Private Limited
Amplus Solar Power Private Limited
Amplus Solar Solutions Private Limited
Amplus Andhra Power Private Limited
Amplus Power Solutions Private Limited
Amplus KN Solar Private Limited
Amplus Sun Solutions Private Limited
Amplus Solar Power MH Private Limited
Amplus Costal Power Private Limited
Amplus RJ Solar Private Limited
Amplus Green One Power Private Limited
Solbridge Energy Private Limited
Amplus Power Supply Private Limited
Amplus KN One Power Private Limited
Amplus Management Services Private Limited
Amplus Poorva Private Limited (70%)
Amplus Shams Private Limited
Amplus Ages Private Limited
Grian Energy Private Limited
OneVolt Energy Private Limited
Sunroot Energy Private Limited
Amplus Dakshin Private Limited (74%)
Amplus Venus Private Limited
Nay Energy Private Limited (74%)
Amplus Tumkur Solar Energy One Private Limited
Amplus Pavagada Solar Energy Two Private Limited
Amplus Phoenix Energy Private Limited
Amplus IIFA Solar Private Limited
Amplus Solar Shakti Private Limited
Amplus Centaur Solar Private Limited
Amplus Ampere Private Limited

PETRONAS Power Sdn Bhd Eastern Sabah Power Consortium Sdn Bhd (30%)
Voltage Renewables Sdn Bhd (70%)
NE Suria Satu Sdn Bhd (80%)

PETRONAS International Power Corporation (Mauritius) Ltd Pacificlight Power Pte. Ltd (30%)
Pacificlight Energy Pte. Ltd (30%)

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 Petroliam Nasional Berhad (PETRONAS)
Integrated Report 2020

Corporate Structure Corporate Structure

Wholly-owned Subsidiaries (170) Partly Owned Subsidiaries (56) Associate Companies (44)

#
PETRONAS Chemicals Group Berhad (64.35%) BASF PETRONAS Chemicals Sdn Bhd (40%)
Kertih Terminals Sdn Bhd (40%)
PETRONAS Chemicals Marketing Sdn Bhd (100%)
Idemitsu SM (Malaysia) Sdn Bhd (30%)
PETRONAS Chemicals Marketing BP PETRONAS Acetyls Sdn Bhd (30%)
(Labuan) Ltd (100%) PCC Oxyalkylates Malaysia Sdn Bhd (50%)
PCM (Thailand) Company Limited (99.98%) Pengerang Petrochemical Company Sdn Bhd (50%)
PCM (China) Co. Ltd. (100%)
PT PCM Kimia Indonesia (99.67%)
PT Anugerah Kimia Indonesia (49%)

PETRONAS Chemicals Derivatives Sdn Bhd (100%)

PETRONAS Chemicals Polyethylene Sdn Bhd (100%)
Vinyl Chloride (Malaysia) Sdn Bhd (100%)
PETRONAS Chemicals Methanol Sdn Bhd (100%)
PETRONAS Chemicals Glycols Sdn Bhd (100%)
PETRONAS Chemicals Ammonia Sdn Bhd (100%)
Polypropylene Malaysia Sdn Bhd (100%)
Kertih Port Sdn Bhd (100%)
PETRONAS Chemicals Fertiliser Kedah Sdn Bhd (100%) Malaysia NPK Fertilizer Sdn Bhd (20%)
PETRONAS Chemicals MTBE Sdn Bhd (100%)
PETRONAS Chemicals Isononanol Sdn Bhd (100%)
PRPC Elastomers Sdn Bhd (100%)
PETRONAS Chemicals Olefins Sdn Bhd (100%)
PETRONAS Chemicals LDPE Sdn Bhd (100%)
PETRONAS Chemicals Fertiliser Sabah Sdn Bhd (100%)
PETRONAS Chemicals Ethylene Sdn Bhd (87.5%)
Asean Bintulu Fertilizer Sdn Bhd (63.47%)
PETRONAS Chemicals Aromatics Sdn Bhd (70%)
PETRONAS Chemicals International B.V. (100%)

Da Vinci Group B.V. (100%)

#
PETRONAS Gas Berhad (51%) Industrial Gases Solutions Sdn Bhd (50%)

Regas Terminal (Sg. Udang) Sdn Bhd (100%)

Regas Terminal (Lahad Datu) Sdn Bhd (100%)
Regas Terminal (Pengerang) Sdn Bhd (100%)
Kimanis Power Sdn Bhd (60%)
Kimanis O&M Sdn Bhd (60%)
Pengerang LNG (Two) Sdn Bhd (65%)
Pengerang Gas Solution Sdn Bhd (51%)

#
PETRONAS Dagangan Berhad (63.94%) IOT Management Sdn Bhd (20%)
Tanjung Manis Oil Terminal Management Sdn Bhd (20%)
PETRONAS Lubricants Marketing (Malaysia) Sdn Bhd (100%) PS Pipeline Sendirian Berhad (50%)
Setel Ventures Sdn Bhd (100%) PS Terminal Sendirian Berhad (50%)
PETRONAS Aviation Sdn Bhd (100%) United Fuel Company Limited Liability Company (40%)
PDB (Netherlands) B.V. (100%)

PETRONAS International Marketing (Thailand) Co., Ltd. (100%)

Kuala Lumpur Aviation Fuelling System Sdn Bhd (65%)

Note:
#
Listed on Bursa Malaysia.

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 Petroliam Nasional Berhad (PETRONAS)
Integrated Report 2020

Corporate Structure Corporate Structure

Wholly-owned Subsidiaries (170) Partly Owned Subsidiaries (56) Associate Companies (44)

#
MISC Berhad (51%) #
Bintulu Port Holdings Berhad (28.52%)

Malaysia LNG Sdn Bhd (90%)

Malaysia LNG Dua Sdn Bhd (80%)
Malaysia LNG Tiga Sdn Bhd (60%)

#
PETRONAS LNG 9 Sdn Bhd (65%)

KLCC (HOLDINGS) SDN BHD #

KLCC Property Holdings Berhad (66.94%)

PETRONAS Research Sdn Bhd Indianoil PETRONAS Private Limited (50%)

Primesourcing International Sdn Bhd Trans Thai-Malaysia (Thailand) Ltd (50%)
Institute of Technology PETRONAS Sdn Bhd
TTM Sukuk Berhad (100%)
UTP FutureTech Sdn Bhd Trans Thai-Malaysia (Malaysia) Sdn Bhd (50%)

PETRONAS Gas & New Energy Sdn Bhd

PETRONAS Penapisan (Terengganu) Sdn Bhd
PETRONAS Penapisan (Melaka) Sdn Bhd
Malaysian Refining Company Sdn Bhd
PETRONAS Management Training Sdn Bhd
PETROSAINS Sdn Bhd
Sanzbury Stead Sdn Bhd
PETRONAS Capital Limited
PETRONAS Global Sukuk Limited
PETRONAS NGV Sdn Bhd
Energas Insurance (L) Limited
PETRONAS Technical Training Sdn Bhd
PETRONAS Floating LNG 1 (L) Ltd
PETRONAS Floating LNG 2 (L) Ltd
PETRONAS Refinery and Petrochemical Corporation Sdn Bhd

Pengerang Refining Company Sdn Bhd (50%)

PRPC Utilities and Facilities Sdn Bhd Pengerang Terminal (Two) Sdn Bhd (40%)

PRPC Water Sdn Bhd

Pengerang Power Sdn Bhd Other Companies (8)
PRPC SPJ Sdn Bhd
Shell Mds (Malaysia) Sdn Bhd (7%)
PETRONAS Marketing International Sdn Bhd Engen Limited (74%) Labuan Reinsurance (L) Ltd (10%)
PETRONAS Energy & Gas Trading Sdn Bhd #
Tenaga Nasional Berhad (0.40%)

Through PETRONAS Gas Berhad

#
Gas Malaysia Berhad (14.8%)

Through PETRONAS Technology Ventures Sdn Bhd

LanzaTech New Zealand Limited - (3.6%)

Through Petrofibre Network (M) Sdn Bhd

Fiberail Sdn Bhd (10%)

Note: Through PETRONAS Marketing International Sdn Bhd

This chart excludes subsidiary companies of MISC Berhad , KLCC (Holdings) Sdn Bhd and Engen Limited. Vivo Energy Plc (3.679%) - w.e.f 06/08/2020
#
Listed on Bursa Malaysia.

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