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Petronas views the future with confidence

Abstract

Malaysia's National Oil Company feels that 1973's price and supply adjustments were a major turning point which led to nationalization of the petroleum industry. The move was made to safeguard the rights of Malaysian ownership, and to plan and exploit resources in the interests of Malaysian citizens. A first step for the newly formed Petronas was to replace the concession system with production-sharing contracts (PSCs). The government took steps during the late 1970s to meet domestic fuel needs by entering the service station and marketing fields, establishing a liquefied natural gas plant, and planning for the country's first urea plant. Major challenges now are to maintain the current economy and level of oil and gas supplies for domestic use and exports. Safety is a major consideration in all Petronas projects.
Publication Date:
May 01, 1985
Product Type:
Journal Article
Reference Number:
EDB-85-092399
Resource Relation:
Journal Name: OPEC Bull.; (Austria); Journal Volume: 16:4
Subject:
02 PETROLEUM; 29 ENERGY PLANNING, POLICY AND ECONOMY; MALAYSIA; PETROLEUM INDUSTRY; NATIONALIZATION; PERFORMANCE; ECONOMIC DEVELOPMENT; ENERGY SOURCE DEVELOPMENT; EXPORTS; GOVERNMENT POLICIES; ASIA; INDUSTRY; 020700* - Petroleum- Economics, Industrial, & Business Aspects; 294002 - Energy Planning & Policy- Petroleum
OSTI ID:
5691428
Research Organizations:
Malaysia's National Oil Co.
Country of Origin:
Austria
Language:
English
Other Identifying Numbers:
Journal ID: CODEN: OPBUD
Submitting Site:
HEDB
Size:
Pages: 7-11, 77
Announcement Date:
Jul 01, 1985

Citation Formats

Berbahagia Tan Sri Abdullah Mohd Salleh, Y. Petronas views the future with confidence. Austria: N. p., 1985. Web.
Berbahagia Tan Sri Abdullah Mohd Salleh, Y. Petronas views the future with confidence. Austria.
Berbahagia Tan Sri Abdullah Mohd Salleh, Y. 1985. "Petronas views the future with confidence." Austria.
@misc{etde_5691428,
title = {Petronas views the future with confidence}
author = {Berbahagia Tan Sri Abdullah Mohd Salleh, Y.}
abstractNote = {Malaysia's National Oil Company feels that 1973's price and supply adjustments were a major turning point which led to nationalization of the petroleum industry. The move was made to safeguard the rights of Malaysian ownership, and to plan and exploit resources in the interests of Malaysian citizens. A first step for the newly formed Petronas was to replace the concession system with production-sharing contracts (PSCs). The government took steps during the late 1970s to meet domestic fuel needs by entering the service station and marketing fields, establishing a liquefied natural gas plant, and planning for the country's first urea plant. Major challenges now are to maintain the current economy and level of oil and gas supplies for domestic use and exports. Safety is a major consideration in all Petronas projects.}
journal = []
volume = {16:4}
journal type = {AC}
place = {Austria}
year = {1985}
month = {May}
}