preview

Case Study Of PETRONAS

Decent Essays

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

Get Access