Introduction PETRONAS, short for Petroliam Nasional Berhad, is a Malaysian oil and gas company that was founded on 17 August 1974. Wholly owned by the Government of Malaysia, 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. Fortune ranks PETRONAS as the 75th largest company in the world in 2013. It also ranks PETRONAS as the 12th most profitable company in the world and the most profitable in Asia. Since its incorporation, PETRONAS has grown to be an integrated international oil and gas company with business interests in 35 countries. As of the end of March 2005, the …show more content…
National And International Trade Antitrust /Competition law a) Ensure that your actions towards business partners competitors and governmental authorities at all times reflect fair and proper business practices and are in compliance with the laws and regulations governing free and fair competition and monopolies. you are obligated to comply with the PETRONAS Competition Guidelines as in effect for your jurisdiction from time-to time. b) It is PETRONAS’ policy that an employee participating in the violation of competition rules will be punished for any misconduct. Any behaviour even suggestive of illegal anticompetitive activity is against PETRONAS’ policy and any employee engaging in such conduct should expect to face disciplinary action by PETRONAS. Export and Import Controls, International Boycotts and economic sactions programmes a) In this regard, if you are involved with imports or exports, you must have proper authorisation from your Head of Department before exporting or importing goods, technology, software, or services across national borders for or on behalf of PETRONAS. b) You must not bring restricted goods into a country without declaring them and you must not import prohibited
BP is mainly engaged in the production and marketing of all types of energy products including oil, gas, and petroleum. It discovers the energy resources in potential geographical locations and uses them in its production units to bring the refined energy products for the general consumers. The production units of BP are present in more than 30 countries while the distribution of the finished products is done in around 90 countries in all the corners of the world. The company has a large scale operations related to refining of petroleum and oil products. It also has a large supply chain network spread in all the major geographical regions of the world which is responsible to deliver
Petroliam Nasional Berhad short form as PETRONAS is a type of oil and gas’s company in Malaysia that was set up on 17 August 1974. According to the Fortune, PETRONAS is one of the corporations in Global 500's largest corporations in the world and ranked as the 69th largest company in the world in 2014.
Petro Oil Company is known as a reliable oil provider for consumers that is delivered in a timely manner. However, before any products or services are produced products have to meet the requirements of the company objectives which include satisfying the external economic environment. Petro Inc. deliverables are a major source for countless customers and suppliers. Petro Inc. is a powerful heating and air conditioning company that has been in existence since 1903. The company has built its reputation on the invention of the oil burner in California, along with the conversion from coal burning systems to oil burning systems. Petro oil was named Fess System Company and offers many customers/consumers a wide verity of services. For
In 1954 the company rebranded itself British Petroleum however the company’s image was tarnished in the middle east. The Shah soon thereafter turned tyrannical to the people and the coup directly led to the Iranian revolution of 1979. The era of anti-Amercanism in the middle east began and BP efforts in the middle east where minimised by Arab-state nationalisations (Times Magazine, June 2010). This forced BP to investigate other avenues for their expansion and the US was primarily where they seeked out this growth through acquisitions. BP has since grown to become a global giant in the petroleum industry through this strategy.
Gas & power: Petronas’ gas and power is involved in processing, liquefaction, transmission, marketing and trading of LNG and gas.
The Petroliam Nasional Berhad (PETRONAS) was formed in 17 August 1974. It is an oil and gas company in the Malaysia. PETRONAS is position on scale among the FORTUNE Global 500 largest corporation in the environment. It has been ranked by Fortune as a 75th largest company in the environment in 2013.It is among the most profitable in Asia and be a 12th most profitable company in the earth. (Petroliam Nasional Berhad, 2014) Its ownership is Malaysian Government. As the conservator for Malaysia’s national oil and gas resources, PETRONAS explore, manufacture and deliver energy in order to fulfill society’s growing desires. PETRONAS’s growing demand has been evokes and strengthens our purpose to steady drive for brand new solutions
VALUE – BP is financially very strong and its spread over eighty countries across six continents. BP is also financially very
by power organs. Some countries issue more and more complex technical regulations to limit importing products. Export of one product is related with various compulsory regulations of import countries. For example, when exporting textile products to America, Japan, France, Britain and Canada, one country should consider some relevant regulations such as demand of burning behavior standard, otherwise exporting products may meet with barriers. 1.3 Management regulations of product packing and label. Some countries make rigorous regulations on packing’s and labels of import products. The products must accord with these regulations, otherwise they are prohibited from being imported or sold in the import country’s market. The regulations include material, specification, word, figure or code of the product packing. Some packing materials should be testified by the exporter providing with disinfection documents, otherwise products cannot be used or importer. For example, in Jan. 1999 Canada proposed the quarantine demand for wooden packing’s of Chinese import products. However, in June of 1999, European Union proposed new demand for wooden pickings’ of Chinese
Custom department determines whether the goods we are importing should be allowed to enter or not. So to allow entry or prohibit the entry of good is decided by New Zealand customs department.
From a government perspective, when the government enacts policy, it is not purely designed for reaching trade or investment objectives, for example, in the case of subsidy program. In addition, the close connection of trade and investment is also reflected from the existing regulation that become more converged. Through its binding treaties, the WTO has applied many rules covering not only trade but also investment as reflected in the GATS and TRIMS Agreement. Besides, some preferential trade agreements, such as NAFTA and TPP have also separately regulated investment and investment arbitration. Contrarily, trade became integrated into investment treaties. Some existing BITs encompassing not only protection but also access or entry rights. Besides, they also forbid trade-related performance requirements, especially provision to require the use of local products and transfer
Royal Dutch Shell (Shell) is a worldwide group of oil, gas and petrochemical companies that explores for, produces and trades in a range of energy resources. Royal Dutch Shell also has a broad portfolio of hydrogen, biofuels, wind and solar power interests, and also provides consultancy and technical services as well as research and development expertise to the energy industry. Royal Dutch Shell is active in more than 130 countries and territories, and employs 108,000 people worldwide. Governance Shell’s Business Principles guide the company's operations: • Economic • Health, Safety, Security and the Environment • Competition • Local Communities • Business Integrity • Communication and Engagement • Political Activities •
Royal Dutch Shell (Shell) is a worldwide group of oil, gas and petrochemical companies that explores for, produces and trades in a range of energy resources. Royal Dutch Shell also has a broad portfolio of hydrogen, biofuels, wind and solar power interests, and also provides consultancy and technical services as well as research and development expertise to the energy industry. Royal Dutch Shell is active in more than 130 countries and territories, and employs 108,000 people worldwide. Governance Shell’s Business Principles guide the company's operations: • Economic • Health, Safety, Security and the Environment • Competition • Local Communities • Business Integrity • Communication and Engagement • Political Activities •
1. Company Background Saudi Aramco is well known for being the biggest organization that produces wide variety of petroleum and chemicals for the world (Helman, 2012), and it has the greatest contribution towards the economy of Saudi Arabia. Within a century, they have setted up offices in many different country and become a world leading company in hydrocarbon exploration, production, refining, distribution, shipping and marketing. They were nonetheless at the top of the list among all companies that produces crude oil and exports of natural gas liquids. 2. Country Background The kingdom of saudi arabia is the largest country in the arabian peninsula, independence as of 23rd September 1932 and was also the origin of
Capital goods imported under EPCG shall be permitted to be installed anywhere in the AEZ.
The company is principal domestic marketing arm of Petroliam Nasional Berhad (PETRONAS), the national oil company. The company markets a wide range of high quality petroleum products including motor gasoline, aviation fuel, kerosene, diesel, fuel oil, bunker fuel, lubricants, liquefied petroleum gas (LPG) and asphalt in Malaysia.