PETRONAS is Malaysia's national petroleum company engaged in the exploration, production, distribution and marketing of oil and gas. The company's vision is to turn Terengganu into a Petrochemical hub in the region. Beside upstream activities, PETRONAS is involved in and committed to more than 20 midstream activities in Terengganu ranging from crude oil refining, gas processing, cracking, production of ethylene and polyethylene based products such as PVC, VCM, ammonia, acetic acids, paraxylene, benzene, ethalamines, glycols, ethers, butyl acetates, butanol, ethylamines, oxides, and other deivatives. These activities involve capital investments of over US$5.5 billion and provide vast opportunities for investments in downstream, support and related activities

MALAYSIAN OIL & GAS RESERVES AND PRODUCTION (1998)

Crude Oil Reserves
(Billion Barrels)

Gas Reserves
(Trillion Std. Cu. Ft.)

Terengganu

2.7

69%

38.9

48%

Sarawak

0.7

18%

35.6

44%

Sabah

0.5

13%

6.5

8%

TOTAL

3.9

100%

81.0

100%

Crude Oil Production
Daily Average (Barrels Per Day)

Gas Production
Daily Average (Million Std. Cu. Ft.)

Terengganu

390,600

62%

1,604

37%

Sarawak

170,100

27%

2,515

58%

Sabah

69,300

11%

217

5%

TOTAL

630,000

100%

4,336

100%

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