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Essay text:
Wholly owned by the Government, 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. PETRONAS is ranked
among Fortune Global 500’s largest corporations in the world. In 2007, its revenue was in
excess of US$51 billion.
Source: Wikipedia and Fortune Global 500
Since its incorporation it has grown to be an integrated international oil and gas company with
business interests in 31 countries. As of the end of March 2005, the Petronas Group
comprised 103 wholly owned subsidiaries, 19 partly-owned outfits and 57 associated
companies...
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