PETRONAS Corporate Profile

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OUR BUSINESS

Processed Gas/Peninsular Gas

Utilisation (PGU) System

Petrochemical Plants

Regasification Terminals

Liquefied Petroleum Gas (LPG)

Petroleum Products

• Export Sector

• Residential and

Commercial Sectors

• Power Sector

• Industrial Sector

• Industrial Sector - Ethylene,

Methanol, MTBE, Polyethylene,

Propylene, Urea and VCM

• Transportation Sector -

Diesel, Gasoline, Jet Fuel

and Lubricants

Liquefied Natural Gas (LNG)

Exploration,Development andProduction

Natural Gas

Crude Oil

Liquefaction

Processing

Refining


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MissionWe are a business entity

Petroleum is our core business

Our primary responsibility is to developand add value to this national resource

Our objective is to contribute to thewell-being of the people and the nation

Shared Values

LoyaltyLoyal to the nation and corporation

IntegrityHonest and upright

ProfessionalismCommitted, innovative and proactiveand always striving for excellence

CohesivenessUnited in purpose and fellowship

VISIONTO BE A LEADING OIL AND GAS MULTINATIONAL OF CHOICE


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CONTENTS Our Business 3

Corporate Statements 4

About PETRONAS 6

Upstream 8 Maximising Resources for Growth

Downstream 14 Building Upon Our Achievements

Technology & Engineering 20 Enhancing Value for the Business

Our People 22 The Company’s Greatest Asset

Health, Safety & Environment 24 A Responsible Corporate Citizen

Corporate Social Investments 26 Enriching Lives

PETRONAS – reimagining energyTM

We focus on collective efforts to do

things differently by continuously

challenging industry norms to achieve

real, sustainable and long-term growth.

Guided by this bold commitment, we

constantly strive for new solutions and

push boundaries to stay ahead.


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Petroliam Nasional Berhad (PETRONAS) is Malaysia’s fully integratedoil and gas multinational ranked among the largest corporations on FORTUNE

Global 500®. Operating our core business in the Upstream and Downstream

sectors, we have a presence in more than 60 countries since we were first

incorporated in 1974. We are among the top five oil and gas companies (in

terms of production) and the most profitable company in Asia. We are steadilydriving for new solutions and pushing boundaries to develop and add value

to oil and gas resources in a manner that carefully balances commercial,

environmental and social considerations.

www.petronas.com

About

PETRONAS


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7PETRONAS Twin Towers, Kuala Lumpur City Centre


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PETRONAS’ Upstream business explores, develops, produces and monetises

oil and gas resources both domestically and internationally. We are a fully

integrated business across the oil and gas value chain with a broad portfolio

of resources and playtypes in 22 countries. Our capability and track record of

successful onshore and offshore developments in oil and gas have earned us

reputable operatorship in many ventures across the world.

As a resource owner and host authority in Malaysia, we are responsible for the

effective management and sustainable development of the country’s oil and

gas resource base. Our successes in upstream efforts in Malaysia are realised

through partnerships with oil and gas majors, through best-in-class production

sharing contracts (PSCs) and innovative risk service contracts (RSCs). RSCs

strike a balance in the mutual sharing of risks with fair returns. PETRONAS

assumes the role of project owner while contractors are service providerswith equity share in the RSC. Upfront capital investment is contributed by the

contractors according to their equity share and payment received upon first

production.

UPSTREAM

Maximising Resources for Growth


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9Tangga Barat Platform Offshore Terengganu, Malaysia


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As an operator, we aim to maximise upstream value, sustain production and

enhance prospectivity of the nation’s acreages. We have explored some of the

world’s most challenging terrains and temperatures to secure new reserves.

Additionally, we conduct deepwater exploration, entering into highly complex HighPressure High Temperature (HPHT) reservoirs and wells with high CO

2 content

to enhance our yields. Our growth portfolio includes unconventional oil and gas

which include shale and coal bed methane. Today, we are among the world’s

first in maximising recovery of discovered fields with Enhanced Oil Recovery

(EOR) efforts. Cutting-edge technologies are applied alongside new strategies to

rejuvenate brownfields, extracting maximum value from existing reservoirs.

With more than three decades of Liquefied Natural Gas (LNG) experience anda solid track record as a reliable supplier, our LNG business has successfully

delivered more than 8,400 cargoes to over 20 countries worldwide. The

PETRONAS LNG Complex is among the world’s largest LNG production facilities

in a single location, with a combined capacity of 25.7 million tonnes per annum

(mtpa) and 99.1% plant efficiency. Our strategic expansion includes shale gas-to-

LNG in Canada and one of the world’s first coal bed methane-to-LNG projects in

Gladstone, Australia.Pacific North West LNG project, Canada


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11The PETRONAS LNG Complex, Bintulu, Sarawak


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In addition, construction of one of the world’s first Floating Liquefied Natural Gas

facilities puts us at the forefront of gas liquefaction and production. Alongside

efforts to expand our capacity, PETRONAS will continue to leverage on long-termoil-indexed LNG contracts, supplying primarily traditional buyers in East Asia,

while enhancing energy trading activities, diversifying supply sources and driving

marketing expansion.

In consistently delivering some of the world firsts - pipelines, platforms and

projects, we have brought oil and gas onstream ahead of schedule, providing

rapid return on investment for our partners, stakeholders and investors. Some

patented technologies which improve production yields, enhance operationalefficiency and deliver exacting results have also been commercialised. From CO

2

removal membranes to solids removal and Water Alternate Gas (WAG) oil recovery

methods, we continue to make breakthroughs in technology and engineering.

Construction of PETRONAS Floating LNG 1


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13PETRONAS LNG Complex (PLC), Bintulu, Sarawak


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PETRONAS’ Downstream Business plays a strategic role in enhancing the value

of Malaysia’s oil and gas resources through our integrated operations. Our

diverse activities include the refining, trading, and marketing of crude oil and

petroleum products locally and internationally, as well as the manufacturing

and marketing of petrochemical products.

Under the refining portfolio, PETRONAS owns and operates four refineries with

a total refining capacity of 500,000 barrels per day. Three of these refineries are

located in Malaysia, of which two are in Melaka and one in Kertih. PETRONAS

also owns a refinery in Durban, South Africa through its majority shareholding

in Engen Petroleum Limited.

Set to be a major oil and gas hub in the Asia Pacific, the world-scale Refinery

and Petrochemical Integrated Development (RAPID) Project represents the

largest integrated refinery and petrochemical greenfield development in a

single location at the Pengerang Integrated Complex in Malaysia. The project

will house oil refineries, naphtha crackers, petrochemical plants as well as a

Liquefied Natural Gas (LNG) import terminal and a regasification plant.

DOWNSTREAM

Building Upon Our Achievements


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15PETRONAS Melaka Refinery


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In the Oil Business segment, our strong overseas presence is reflected through

the upbeat marketing and trading activities of crude oil and petroleum products

undertaken by wholly-owned subsidiaries of PETRONAS Trading CorporationSdn Bhd (PETCO).

PETRONAS Dagangan Berhad (PDB) manages all domestic marketing and retailing

activities for a wide range of petroleum products in Malaysia while replicating

similar operations externally through its subsidiaries in the Philippines, Thailand

and Vietnam. PDB also operates service stations in various international markets

including South Africa and Sudan. PDB is the leading retailer and marketer of

petroleum products in South Africa by virtue of Engen.

The Company’s Petrochemical Business growth is significantly driven by

PETRONAS Chemicals Group Berhad (PCG), the leading petrochemicals producer

in Malaysia and one of the largest in Southeast Asia. The Company manufactures,

markets and sells a diversified range of petrochemical products which include

olefins, polymers, fertilisers, methanol and other basic chemicals and derivative

products.

Marketing and trading activities


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17PETRONAS Service Station


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The Downstream portfolio is further strengthened by PETRONAS Lubricants

International (PLI), a wholly-owned subsidiary with market presence in more

than 80 countries worldwide. PLI was established to formulate, manufacture andmarket a wide range of lubricants for the global automotive and industrial markets.

With the demand for gas on the rise, Infrastructure & Utilities Business is focused

on ensuring long-term security and sustainability of the gas market in Malaysia.

Through our listed subsidiary, PETRONAS Gas Berhad, we own and operate Gas

Processing Plants and the Peninsular Gas Utilisation (PGU) system, delivering gas

to the power and non-power sectors in Peninsular Malaysia as well as the power

industry in Singapore. PETRONAS is also developing our portfolio in the Power

Business through involvement in projects in Malaysia and Singapore. PETRONAS

leverages on existing capabilities, to capture opportunities domestically and in key

focus markets to expand our Infrastructure & Utilities portfolio.

The encouraging growth in PETRONAS’ Downstream segment is set to enhance

Malaysia’s economy in the long run foreseeing a brighter prospect of the

Company’s agenda to become a key downstream player in the region.

PETRONAS Syntium range of lubricants


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19R&D laboratory at PETRONAS Lubricants Italy


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PETRONAS pursues excellence in capital project delivery and operational performance through

strategic development and deployment of technology and engineering solutions. The Technology &

Engineering Division delivers innovative technologies and projects across the Group, anchoring on

these areas:

• Delivering projects at competitive cost, on schedule, in compliance with HSE standards and with

assured operability

• Driving category management for cost and delivery advantage for projects and operational

requirements

• Providing value adding technical services and solutions and custodianship of technical standards

• Providing stewardship for Groupwide technical capability development and knowledge assets

• Developing and deploying technology for PETRONAS’ operations, growth and future positioning

• Commercialising technology solutions for value and competitive advantage

TECHNOLOGY & ENGINEERINGEnhancing Value for the Business


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21Enhanced Oil Recovery technology at PETRONAS Research, Bangi


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People are the key driving force in pursuing PETRONAS’ business aspirations. Our

workforce comprises a dynamic mix of people who embody diversity in thought,

experience and knowledge to propel our business forward in a robust and sustainable

manner.

We provide a structured career development framework to support and grow the

potential of our people through various technical and management programmes

which enhance and increase the mobility and relevance of their skills and capabilities

in a timely and progressive fashion.

We challenge our people to innovate because we operate in a fast-paced industry

which demands agility and resourcefulness in addressing business and operational

challenges. In sourcing for viable hydrocarbon reserves and resources, such

endeavours require skill, cost efficiency, business excellence, ingenuity, creativity

and inventiveness. To navigate the tough environments we operate in, we diligently

maintain and enhance operational excellence to remain profitable as well as ensure

our operations are sustainably developed and managed.

“Performance and Delivery” is PETRONAS’ cornerstone which supports our aspiration

in building a high performing culture and workforce in the organisation.

Our strategic Employee Value Proposition (EVP) hinges on the unique tenets of Trust,

Grow and Reward and is designed with emphasis on Shared Values for our employees

to naturally internalise and institutionalise dedication, commitment, passion,

innovation and loyalty.

OUR PEOPLE

The Company’s Greatest Asset

Structured career development to enhancecapabilities


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Safeguarding people, assets, reputation and environment is fundamental to

PETRONAS as a responsible and reliable organisation. Our commitment to delivering

sustainable performance in Health, Safety, and Environment (HSE) is guided by the

PETRONAS HSE Policy and implemented through the PETRONAS HSE Management

System and the PETRONAS HSE Mandatory Control Framework (MCF). Supporting

our operations are the standards and operating practices outlined in the PETRONAS

Technical Standards and Zero Tolerance Rules (ZeTo Rules).

PETRONAS strives to minimise impacts on the environment. These are reflected

in our proactive efforts by ensuring efficient use of natural resources, continually

reducing carbon footprint and minimising waste generation. As a socially-responsible

corporate citizen, we endeavour for our business presence to positively benefit local

communities wherever we operate.

HEALTH, SAFETY

& ENVIRONMENTA Responsible Corporate Citizen

HSE compliance at Samarang oil platform,

offshore Sabah


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25Tangga Barat oil platform, Terengganu


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We strive to inspire and empower society wherever we operate through sustainable initiatives

which focus on education, capability and the environment. PETRONAS has consistently carried out

various education and capability building community and outreach programmes as well as societal

contributions in times of need for the benefit of the people and nation in Malaysia and abroad.

Education and Capability BuildingKnowledge is power which liberates and unlocks human potential; it inspires, fires up the imagination

and shows people what is possible; and it gives people the ability to strive towards excellence.

Our education platforms include Universiti Teknologi PETRONAS (UTP), Institut Teknologi Petroleum

PETRONAS (INSTEP), Akademi Laut Malaysia (ALAM) and PETROSAINS which provide a sustainable pool

of talents for the oil and gas industry per se as well as related fields.

Among our signature education sponsorship programmes is Program Sentuhan Ilmu PETRONAS which

provides strong academic foundation for underprivileged and borderline students in communities

where we operate. The programme aims to improve their confidence and self-esteem, setting them to

excel both academically and socially.

Social DevelopmentA developed society is the key towards a nation’s success. As a responsible corporate citizen,

PETRONAS continuously strive to contribute towards the betterment of the people and community.

Our efforts are realised through sustainable societal initiatives that bring long-term benefits to the

people.

CORPORATE SOCIAL INVESTMENTS

Enriching Lives


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27Program Sentuhan Kasih


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Initiatives that are being carried out locally include Program Sentuhan Kasih

PETRONAS, aimed to improve the living standards through socio-economic

development and disaster/crisis initiatives; and Program Kenali Anak Kita

PETRONAS, aimed to raise awareness and equip parents with the knowledge on

ways to identify and prevent substance abuse including drugs and alcohol, among

their children.

In preserving the arts, we established the PETRONAS Arts and Culture Grant, Galeri

PETRONAS and the Malaysian Philharmonic Orchestra to nurture the appreciation

of arts and music among the society. Abroad, the Yetagun Socio-Economic

Development Programme in Myanmar, school refurbishment programmes and

mobile basic healthcare services in Iraq are among the few initiatives undertaken

to uplift the living standards of the communities in the areas where we operate.

Environmental ConservationWe are fully committed in our efforts to conserve our natural heritage. Through

our various environmental initiatives, we support key environmental initiatives

which strive to protect the ecosystem for future generations.

Joining hands with Yayasan Sabah, PETRONAS initiated and supports the Imbak

Canyon Conservation Area (ICCA) effort to preserve the rainforest’s unique

biodiversity by promoting public awareness, environmental education and

community outreach.

PETRONAS also supports mangrove reforestation efforts in Peninsular Malaysia,

Sabah and Sarawak. In the east coast region of Malaysia, our conservation efforts

continued with the Eco-Care programme for the reforestation and rehabilitation

of ecologically-sensitive mangrove habitats, as well as that of coastal vegetationalong the Kertih river.


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29Imbak Canyon Conservation Area


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For further information, please contact:

PETRONAS Group Strategic CommunicationsLevel 70, Tower 1, PETRONAS Twin Towers

Kuala Lumpur City Centre, 50088 Kuala Lumpur, Malaysia

Tel: +603 2051 5000

Fax: +603 2026 5050www.petronas.com

PETRONAS’ Listed Subsidiaries:

• PETRONAS Chemicals Group Berhad - www.petronaschemicals.com

• PETRONAS Dagangan Berhad - www.mymesra.com.my

• PETRONAS Gas Berhad - www.petronasgas.com

• MISC Berhad for Logistics and Maritime - www.misc.com.my

• KLCC Property Holdings Bhd - www.klcc.com.my

Please visit our Corporate Website for more information on our other businesses and related subsidiaries.

©2014 PETROLIAM NASIONAL BERHAD (PETRONAS) (20076-K)All rights reserved. PETRONAS makes no representation or warranty, whether expressed or implied, as to the accuracy or completeness of the facts

presented. PETRONAS disclaims responsibility from any liability arising out of reliance on the contents of this publication.


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