Petronas Dagangan Bhd aims to become a market leader in the retail segment within two to three years, says its Managing Director and Chief Executive Officer, Amir Hamzah Azizan.
He said the company holds a 32 per cent market share at the moment.
"Retail has been a very important component of Petronas Dagangan. More than 50 per cent of our profitability comes from our retail division," he told reporters after the launch of the company's latest promotion, "Petronas The Road To Rewards" on Wednesday.
Amir said the promotion, from Nov 1, 2010 to Feb 15, 2011,is part of the company's effort to reward its customers.
He said Petronas Dagangan is offering prizes worth up to RM3 million including cash, Petronas Mesra points and Petronas gift cards, for customers to participate.
Over the next four months, the promotion offers grand prizes of a total of 30 lucky customers, of whom three will walk away with RM100,000, 12 customers RM20,000 while 15 others stand to take home RM10,000.
In addition, each of these winners will also be going home with one million Petronas Mesra points each, to be used to redeem and purchase fuel or items from the Kedai Mesra at all Petronas stations nationwide.
Apart from that, the grand prize winners who use the Petronas Maybankard Visa credit card to make their winning transaction, also get additional prizes.
Meanwhile, Amir said Petronas Dagangan has set aside RM500 million as capital expenditure (Capex) for the current financial year 2010/2011.
He said the company targets to have over 970 stations at the end of the current financial ending March 31, 2011 from 948 stations currently.
Petronas Dagangan is the principal domestic arm of Petroliam Nasional Bhd (Petronas), the national oil company, which holds 69.86 per cent of its equity.
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.
-- BERNAMA
Sunday, 31 October 2010
Saturday, 30 October 2010
China methanol ADD draws mixed reactions from SE Asia producers
China’s imposition of antidumping duties (ADD) on methanol imports drew mixed reactions from affected producers, with one considering halting shipments to the key market in the region next year, industry sources said on Tuesday.
China announced late on Monday that provisional ADDs above 9% would apply on methanol imports from Petronas of Malaysia, Kaltim Methanol Industri of Indonesia and Methanex New Zealand, effective 28 October.
Petronas of Malaysia was not concerned about the new trade policy on methanol, given current strong margins as Chinese prices remained high, a company source said.
China slapped a 9.3% duty on methanol from Petronas.
“The net effect is only over 4%, and China’s spot price is way above that percentage as compared to selling in other Asian countries,” the company source said.
As of last week, methanol was trading at around $360/tonne (€259/tonne) CFR China, its highest level since October 2008. This represented a 16% jump from the start of the year, based on ICIS data.
PT Kaltim Methanol Industri of Indonesia, meanwhile, was looking at an extreme measure of stopping exports to China in 2011, citing strong disadvantages with the tariff in place, said a company source.
Kaltim Methanol would be required to pay 9.4% tariff for product shipments into China, which meant that its imports would be more expensive than cargoes coming from the Middle East, said the source.
Methanex New Zealand could not be reached for comment.
Meanwhile, China had not imposed ADDs on Saudi Arabian producers after concluding - after more than a year of review - that these producers had not engaged in dumping activities.
“Everyone will complain except for the Saudis, and the real tax rate will be determined from 24 December,” said the Kaltim Methanol source.
China is conducting a second round of investigation on dumping activities until 24 December, when the final ADD rates were expected to be imposed. Affected producers were given 20 days to submit comments on the policy to the Ministry of Commerce.
China had launched the investigations on suspected dumping activities by Malaysia, Indonesia, New Zealand and Saudi Arabia in June 2009, as production rates at local plants tanked to just 30% in the first quarter and methanol prices declined $165-175/tonne (€134-142/tonne) CFR (cost and freight) China.
In 2009, Malaysia’s methanol exports more than doubled to 302,000 tonnes, Indonesia’s shipments totalled 226,000, up 63% from 2008 and from New Zealand, a total of 329,000 tonnes i was sent in 2009 from just 115,000 tonnes in 2008, based on industry estimates.
Methanol is used in the production of formaldehyde, methyl tertiary butyl ether (MTBE) and acetic acid. It also has fuel applications - dimethyl ether (DME), biodiesel - and could be blended directly into gasoline.
China announced late on Monday that provisional ADDs above 9% would apply on methanol imports from Petronas of Malaysia, Kaltim Methanol Industri of Indonesia and Methanex New Zealand, effective 28 October.
Petronas of Malaysia was not concerned about the new trade policy on methanol, given current strong margins as Chinese prices remained high, a company source said.
China slapped a 9.3% duty on methanol from Petronas.
“The net effect is only over 4%, and China’s spot price is way above that percentage as compared to selling in other Asian countries,” the company source said.
As of last week, methanol was trading at around $360/tonne (€259/tonne) CFR China, its highest level since October 2008. This represented a 16% jump from the start of the year, based on ICIS data.
PT Kaltim Methanol Industri of Indonesia, meanwhile, was looking at an extreme measure of stopping exports to China in 2011, citing strong disadvantages with the tariff in place, said a company source.
Kaltim Methanol would be required to pay 9.4% tariff for product shipments into China, which meant that its imports would be more expensive than cargoes coming from the Middle East, said the source.
Methanex New Zealand could not be reached for comment.
Meanwhile, China had not imposed ADDs on Saudi Arabian producers after concluding - after more than a year of review - that these producers had not engaged in dumping activities.
“Everyone will complain except for the Saudis, and the real tax rate will be determined from 24 December,” said the Kaltim Methanol source.
China is conducting a second round of investigation on dumping activities until 24 December, when the final ADD rates were expected to be imposed. Affected producers were given 20 days to submit comments on the policy to the Ministry of Commerce.
China had launched the investigations on suspected dumping activities by Malaysia, Indonesia, New Zealand and Saudi Arabia in June 2009, as production rates at local plants tanked to just 30% in the first quarter and methanol prices declined $165-175/tonne (€134-142/tonne) CFR (cost and freight) China.
In 2009, Malaysia’s methanol exports more than doubled to 302,000 tonnes, Indonesia’s shipments totalled 226,000, up 63% from 2008 and from New Zealand, a total of 329,000 tonnes i was sent in 2009 from just 115,000 tonnes in 2008, based on industry estimates.
Methanol is used in the production of formaldehyde, methyl tertiary butyl ether (MTBE) and acetic acid. It also has fuel applications - dimethyl ether (DME), biodiesel - and could be blended directly into gasoline.
Friday, 29 October 2010
ConocoPhillips 3Q earns double
ConocoPhillips 3Q earns double
ConocoPhillips on Wednesday said earnings more than doubled for the third straight quarter as oil prices rebounded from their 2009 lows.
The Houston oil company is the first major integrated company to report income for the July-September period, and its hefty profit suggests that Big Oil will be able to shrug off expenses from the Gulf of Mexico drilling moratorium and low natural gas prices. Exxon Mobil and Royal Dutch Shell will announce their quarterly earnings on Thursday. Chevron reports on Friday.
Integrated oil companies are involved in all phases of the business, from exploration and production to refining and marketing.
Conoco reported net income of $3.06 billion, or $2.05 per share for the third quarter. That compares with $1.47 billion, or 97 cents per share, in the year-ago period. Excluding gains from asset sales and other special items, Conoco made $2.23 billion, or $1.50 per share, in the third quarter. Analysts, who typically exclude special items, expected earnings of $1.46 cents per share on revenue of $45.6 billion.
Revenue totaled $49.55 billion, up from $41.27 billion in the same quarter last year.
Conoco earnings got a big boost from the sale of Lukoil shares. Company officials said earlier this year that they planned to part ways with Russia's largest private oil company. So far they've sold $6.4 billion of Lukoil shares, with a net gain of $874 million in the third quarter from the sales. Conoco expects to sell its 50 million remaining shares by the end of 2011.
Conoco also benefited as crude prices jumped 11.7 percent year-over-year to an average of $76.24 per barrel. Prices have more than doubled since bottoming out below $34 per barrel in February 2009.
The company saw increased profits in the third quarter in its production, pipelines, chemicals and refining businesses. However, historically low natural gas prices continue to make gas wells less profitable, and Conoco said it has started to cut back on natural gas production.
"The prices you see today are really unsustainable," Jim Mulva, Conoco chairman and CEO, said in a conference call with Wall Street analysts. Conoco will look for prices to increase before it turns back to natural gas, he said: "We need to see price levels at $4 or $5" per 1,000 cubic feet. Natural gas futures traded for about $3.75 per 1,000 cubic feet Wednesday on the New York Mercantile Exchange.
Analyst Fadel Gheit with Oppenheimer & Co. said the rest of the industry is doing the same. Every petroleum driller is looking for wells with more oil than gas right now because oil generates much higher profits, he said.
Mulva also told analysts that the company will continue to sell refineries even though its fuel-making business nearly tripled profits year-over-year to $268 million. In fact it will try to accelerate the pace of asset sales.
"The refining business is still volatile," Gheit said. "Historically, it never generated decent returns. Never. And it takes billions of dollars just to be maintained. It's like a tread mill — you're running so hard just to stay in place. Everyone realizes this now."
Overall, the company produced 1.72 million barrels of oil and gas per day, down from 1.79 million barrels in the third quarter of 2009. Conoco blamed natural declines in some of its oil and gas fields, primarily in North America and Europe. It also has sold off some petroleum-producing assets.
Mulva said the slide in production should be offset over the next several years with new offshore production operations in southeast Asia, liquefied natural gas projects in Qatar and Australia as well as shale and oil sands development in North America. Conoco expects to produce about 1.71 million barrels of oil and gas per day in the final three months of the year.
Conoco shares fell 82 cents to $60 in afternoon trading, following the broader market lower. Shares in energy companies dropped, as oil prices tumbled below $82 a barrel. - AP
ConocoPhillips on Wednesday said earnings more than doubled for the third straight quarter as oil prices rebounded from their 2009 lows.
The Houston oil company is the first major integrated company to report income for the July-September period, and its hefty profit suggests that Big Oil will be able to shrug off expenses from the Gulf of Mexico drilling moratorium and low natural gas prices. Exxon Mobil and Royal Dutch Shell will announce their quarterly earnings on Thursday. Chevron reports on Friday.
Integrated oil companies are involved in all phases of the business, from exploration and production to refining and marketing.
Conoco reported net income of $3.06 billion, or $2.05 per share for the third quarter. That compares with $1.47 billion, or 97 cents per share, in the year-ago period. Excluding gains from asset sales and other special items, Conoco made $2.23 billion, or $1.50 per share, in the third quarter. Analysts, who typically exclude special items, expected earnings of $1.46 cents per share on revenue of $45.6 billion.
Revenue totaled $49.55 billion, up from $41.27 billion in the same quarter last year.
Conoco earnings got a big boost from the sale of Lukoil shares. Company officials said earlier this year that they planned to part ways with Russia's largest private oil company. So far they've sold $6.4 billion of Lukoil shares, with a net gain of $874 million in the third quarter from the sales. Conoco expects to sell its 50 million remaining shares by the end of 2011.
Conoco also benefited as crude prices jumped 11.7 percent year-over-year to an average of $76.24 per barrel. Prices have more than doubled since bottoming out below $34 per barrel in February 2009.
The company saw increased profits in the third quarter in its production, pipelines, chemicals and refining businesses. However, historically low natural gas prices continue to make gas wells less profitable, and Conoco said it has started to cut back on natural gas production.
"The prices you see today are really unsustainable," Jim Mulva, Conoco chairman and CEO, said in a conference call with Wall Street analysts. Conoco will look for prices to increase before it turns back to natural gas, he said: "We need to see price levels at $4 or $5" per 1,000 cubic feet. Natural gas futures traded for about $3.75 per 1,000 cubic feet Wednesday on the New York Mercantile Exchange.
Analyst Fadel Gheit with Oppenheimer & Co. said the rest of the industry is doing the same. Every petroleum driller is looking for wells with more oil than gas right now because oil generates much higher profits, he said.
Mulva also told analysts that the company will continue to sell refineries even though its fuel-making business nearly tripled profits year-over-year to $268 million. In fact it will try to accelerate the pace of asset sales.
"The refining business is still volatile," Gheit said. "Historically, it never generated decent returns. Never. And it takes billions of dollars just to be maintained. It's like a tread mill — you're running so hard just to stay in place. Everyone realizes this now."
Overall, the company produced 1.72 million barrels of oil and gas per day, down from 1.79 million barrels in the third quarter of 2009. Conoco blamed natural declines in some of its oil and gas fields, primarily in North America and Europe. It also has sold off some petroleum-producing assets.
Mulva said the slide in production should be offset over the next several years with new offshore production operations in southeast Asia, liquefied natural gas projects in Qatar and Australia as well as shale and oil sands development in North America. Conoco expects to produce about 1.71 million barrels of oil and gas per day in the final three months of the year.
Conoco shares fell 82 cents to $60 in afternoon trading, following the broader market lower. Shares in energy companies dropped, as oil prices tumbled below $82 a barrel. - AP
Thursday, 28 October 2010
Dialog up on deepwater petroleum terminal project
DIALOG GROUP BHD shares advanced on Thursday, Oct 28 after The Edge Financial Daily reported that Dialog is gearing up for exciting times ahead with the multi-billion-ringgit independent deepwater petroleum terminal project at Pengerang, Johor.
The project will turn Pengerang into a regional oil storage and trading hub by 2017. At 9.25am, Dialog was up four sen to RM1.29 with 1.14 million shares done.
The project will turn Pengerang into a regional oil storage and trading hub by 2017. At 9.25am, Dialog was up four sen to RM1.29 with 1.14 million shares done.
Wednesday, 27 October 2010
Shell’s retreat from Nigeria
Shell will be reducing activities in Nigeria and appears to be selling off below market price due to all the hassle there. John Browne leading a consortium. All in Sunday Times.
If true, this will be a major blow in the face of Shell, they give up. Precisely what you can expect from beancounters who have never worked in bad places like Nigeria… I see it as reducing value. Bunch of cowards.
And what happened to the promises of Brinded? By 2013 or 2014 he ‘hoped’ to realise 6-6.5 mln boe/d. And this ‘promise’ was as recent as 2005 or thereabouts. I would like to know where the deliverable is?
Tuesday, 26 October 2010
Nigeria: Why Shell, Total, Agip Sell Off Oil Stakes
Shell Petroleum Development Company of Nigeria Ltd (SPDC), Total Nigeria Ltd (Total) and Nigeria Agip Oil Company Limited Wednesday sold 45 per cent stake in OML 26 in a deal with a Nigerian company in what oil operators attribute to fear of political instability in Nigeria.
Oil sources said the new deal was reached not because of the controversy around the Petroleum Industry Bill which is still with the National Assembly.
The remaining 55 per cent is owned by the NNPC.
"They are reducing their investments in Nigeria because of the situation in Niger Delta and the political instability they foresee in 2011," a source added.
Earlier this year, the Nigerian joint venture company operated by Royal Dutch Shell Plc agreed to sell its 30% interest in three oil production licenses to a consortium led by Nigerian companies for an undisclosed sum.
First Hydrocarbon Nigeria Limited (FHN) Wednesday announced that it has reached a Definitive Agreement with Shell Petroleum Development Company of Nigeria Ltd, Total E&P Nigeria Ltd and Nigeria Agip Oil Company Limited for the acquisition of a 45 per cent interest in OML 26, Delta State onshore Niger Delta. The remaining 55 per cent stake remains the property of the Nigerian National Petroleum Corporation (NNPC).
First Hydrocarbon Nigeria said in a statement: "FHN has today announced the acquisition of a 45 per cent interest in OML 26, which holds two producing and three proved undeveloped fields, from the SPDC JV in Nigeria. Total independently certified recoverable reserves and contingent resources are 184 million barrels.
"Located onshore the Niger Delta the Ogini and Isoko fields are currently producing approximately 5,000 bpd gross from a limited number of currently active drainage points, with significant potential for further development. Existing flow station capacity for the fields is currently 30,000 bopd. FHN's forward work programme across three phases is expected to increase production to more than 40,000 bpd over the next four years. The transaction is subject to the approvals of the Federal Government of Nigeria and NNPC."
The company said it intends to list on the Nigerian Stock Exchange in the future, providing an opportunity for all Nigerians to invest in the sector.
FHN will make a net investment of $187.5m in OML 26, which includes both the acquisition cost and FHN's equity share of the phased development.
FHN will assume operatorship, with Afren acting as technical service provider to FHN.
Afren says it has also agreed terms with BNP Paribas for a $130m credit facility towards the acquisition cost.
The deals show how oil companies are shifting their focus away from Nigeria, a source said.
Shell had said earlier that it no longer expects Nigeria which has been one of its oil ally for decades to drive output growth for the company.
iolence, kidnapping and attacks on oil infrastructure in Niger Delta and the recent bomb explosions have made the oil majors to develop cold feet about Nigeria, experts say.
The multinational oil companies such as Shell, ExxonMobil, Chevron, Total, Agip, Addax that operate Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) did not participate in the last oil bid round in 2007.
Experts in oil and gas who spoke at the just concluded economic summit in Abuja expressed fears that oil investments in Nigeria are going southward.
They say drilling is falling. investment is drying up, production is falling and so too are profits.
Whereas there have been three final investment decisions (FIDs) in Angola this year alone, there has not been any significant FID in Nigeria in the last three years.
According to them, if the current fears are not resolved, Nigeria should expect no investment from off shore.
Oil sources said the new deal was reached not because of the controversy around the Petroleum Industry Bill which is still with the National Assembly.
The remaining 55 per cent is owned by the NNPC.
"They are reducing their investments in Nigeria because of the situation in Niger Delta and the political instability they foresee in 2011," a source added.
Earlier this year, the Nigerian joint venture company operated by Royal Dutch Shell Plc agreed to sell its 30% interest in three oil production licenses to a consortium led by Nigerian companies for an undisclosed sum.
First Hydrocarbon Nigeria Limited (FHN) Wednesday announced that it has reached a Definitive Agreement with Shell Petroleum Development Company of Nigeria Ltd, Total E&P Nigeria Ltd and Nigeria Agip Oil Company Limited for the acquisition of a 45 per cent interest in OML 26, Delta State onshore Niger Delta. The remaining 55 per cent stake remains the property of the Nigerian National Petroleum Corporation (NNPC).
First Hydrocarbon Nigeria said in a statement: "FHN has today announced the acquisition of a 45 per cent interest in OML 26, which holds two producing and three proved undeveloped fields, from the SPDC JV in Nigeria. Total independently certified recoverable reserves and contingent resources are 184 million barrels.
"Located onshore the Niger Delta the Ogini and Isoko fields are currently producing approximately 5,000 bpd gross from a limited number of currently active drainage points, with significant potential for further development. Existing flow station capacity for the fields is currently 30,000 bopd. FHN's forward work programme across three phases is expected to increase production to more than 40,000 bpd over the next four years. The transaction is subject to the approvals of the Federal Government of Nigeria and NNPC."
The company said it intends to list on the Nigerian Stock Exchange in the future, providing an opportunity for all Nigerians to invest in the sector.
FHN will make a net investment of $187.5m in OML 26, which includes both the acquisition cost and FHN's equity share of the phased development.
FHN will assume operatorship, with Afren acting as technical service provider to FHN.
Afren says it has also agreed terms with BNP Paribas for a $130m credit facility towards the acquisition cost.
The deals show how oil companies are shifting their focus away from Nigeria, a source said.
Shell had said earlier that it no longer expects Nigeria which has been one of its oil ally for decades to drive output growth for the company.
iolence, kidnapping and attacks on oil infrastructure in Niger Delta and the recent bomb explosions have made the oil majors to develop cold feet about Nigeria, experts say.
The multinational oil companies such as Shell, ExxonMobil, Chevron, Total, Agip, Addax that operate Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) did not participate in the last oil bid round in 2007.
Experts in oil and gas who spoke at the just concluded economic summit in Abuja expressed fears that oil investments in Nigeria are going southward.
They say drilling is falling. investment is drying up, production is falling and so too are profits.
Whereas there have been three final investment decisions (FIDs) in Angola this year alone, there has not been any significant FID in Nigeria in the last three years.
According to them, if the current fears are not resolved, Nigeria should expect no investment from off shore.
Monday, 25 October 2010
Petronas mega methanol plant rates at 80% of capacity
Petronas operating rates at its 1.7 million mt/year methanol plant at Labuan were at least 80% as of early Friday, a source close to the company said.
The company had shut the plant on October 3 due to a natural gas supply disruption, and was only able to restart the plant on October 18, another source close to the company noted earlier this week.
The company was targeting to reach gradually stable operations of around 90%, the source noted then.
A source close to the company had estimated on October 13 that the shutdown could stretch out until the latter part of October.
Despite the outage, the company did not need to issue a force majeure as it had sufficient inventory.
A disruption of natural gas supplies shut the plant between July 19 and August 10 this year as well, and the company had to issue a force majeure during that time due to the production cut.
Petronas also has an older 660,000 mt/year methanol plant at Labuan, which has been idled since July 2009 due to water shortage, and the company does not plan to restart this plant in the near future, a source close to the company had confirmed earlier this week
The company had shut the plant on October 3 due to a natural gas supply disruption, and was only able to restart the plant on October 18, another source close to the company noted earlier this week.
The company was targeting to reach gradually stable operations of around 90%, the source noted then.
A source close to the company had estimated on October 13 that the shutdown could stretch out until the latter part of October.
Despite the outage, the company did not need to issue a force majeure as it had sufficient inventory.
A disruption of natural gas supplies shut the plant between July 19 and August 10 this year as well, and the company had to issue a force majeure during that time due to the production cut.
Petronas also has an older 660,000 mt/year methanol plant at Labuan, which has been idled since July 2009 due to water shortage, and the company does not plan to restart this plant in the near future, a source close to the company had confirmed earlier this week
Sunday, 24 October 2010
Labuan Shipyard appoints new head of oil and gas
Labuan Shipyard and Engineering Sdn Bhd (LSE) has appointed Johan Mohamad as the head of oil and gas effective Nov 1.
It said Johan has 24 years of experience and exposure in the oil and gas industry and had erved in various positions and capacities with wide-ranging scope of responsibility both within Malaysia and internationally.
Among the major companies Johan had served are Asean Bintulu Fertiliser Sdn Bhd (a subsidiary of Petronas), Petronas Carigali Sdn Bhd, Shapadu, White Nile Petroleum Operating Company in Sudan, Sarawak Shell Bhd and Brooke Dockyard and Engineering Works Corp, it said in a statement. — Bernama
It said Johan has 24 years of experience and exposure in the oil and gas industry and had erved in various positions and capacities with wide-ranging scope of responsibility both within Malaysia and internationally.
Among the major companies Johan had served are Asean Bintulu Fertiliser Sdn Bhd (a subsidiary of Petronas), Petronas Carigali Sdn Bhd, Shapadu, White Nile Petroleum Operating Company in Sudan, Sarawak Shell Bhd and Brooke Dockyard and Engineering Works Corp, it said in a statement. — Bernama
Saturday, 23 October 2010
Saya ingin tahu, kenapa aset Petronas mula dijual satu per satu?
Oleh : www.Tranungkite.net
Seperti mana yang kita tahu, Petronas adalah anak syarikat milik kerajaan Malaysia yang menjalankan perniagaan yang berasaskan minyak, gas dan petrokimia. Selain dari itu, syarikat ini juga mempunyai cabang perniagaan di bidang perkapalan, hartanah dan lain-lain.
Malang buat rakyat Malaysia, walaupun syarikat ini milik rakyat Malaysia, tetapi ramai yang tidak mengetahui bagaimana kewangan syarikat ini diurus.
Apa yang rakyat tahu, setiap suku tahun dan akhir tahun, Petronas akan membuat pengumuman tentang laporan kewangan mereka sahaja.
Seperti mana yang kita ketahui juga, pengurusan Petronas sudah berubah apabila Presiden & Ketua Pegawai Eksukutif (CEO), Tan Sri Mohd Hassan Marican telah bertukar tangan kepada Datuk Shamsul Azhar Abbas.
Tindakan tidak menyambung kontrak Tan Sri Hassan pada saya lebih kepada tindakan dan tekanan ahli-ahli politik.
Malah, kemasukan Omar Ong ke dalam Lembaga Pengarah Petronas pada saya dilihat sebagai titik mula kemasukan pengaruh politik ke dalam Petronas. Walaupun pada mulanya Lembaga Pengarah Petronas menolak kemasukan Omar Ong, tetapi Perdana Menteri, Dato Seri Najib mempunyi kuasa mutlak untuk melangkaui segala keputusan Lembaga Pengarah Petronas untuk menerima Omar Ong.
Omar Ong juga merupakan bekas pembantu Dato Seri Najib semasa di Kementerian Pertahanan dulu.
Agak mengecewakan setelah perlantikan Datuk Shamsul Azhar menggantikan Tan Sri Hassan, beliau secara sinis menyindir Tan Sri Hassan sebagai one man show sewaktu mengandalikan Petronas dulu. Sedangkan kita tahu betapa besarnya jasa Tan Seri Hassan kepada Petronas dan negara.
Sekarang, Tan Sri Hassan Merican telah menjadi awang import kepada konglomerat Singapura, Sembcorp Industries sebagai Pengarah Bebas sejak Jun tahun ini.
Kini, setelah meneliti beberapa berita dalam dan luar negara, sejak akhir-akhir ini seperti ada trend kepada Petronas untuk menjual aset-aset mereka di luar negara.
Jikalau diperhatikan kepada laporan kewangan tahunan Petronas tahun-tahun sebelum ini, Tan Sri Hassan seperti ingin memperkasakan operasi Petronas di luar negara memandangkan simpanan minyak dan gas dalam negara semakin berkurang.
Setakat ini, aset-aset Petronas di luar negara yang diberitakan akan dijual ialah di Australia, India dan Ethiopia.
Apa sebenarnya yang sudah terjadi? Adakah ada tekanan-tekanan politik keatas Presiden Petronas untuk menjual aset-aset syarikat ini?
Petronas yang seperti kita tahu merupakan syarikat yang menjadi kantung kepada Perbendaharaan negara untuk menampung kebanyakkan perbelanjaan negara.
Mungkin pemimpin negara memerlukan instant cash untuk menampung pelbagai program transformasi ekonomi, bajet dan mini bajet seperti sebelum ini.
Semoga Petronas tidak menjadi seperti MAS yang hanya untung dari penjualan aset, bukan dari keuntungan operasi mereka.
Seperti mana yang kita tahu, Petronas adalah anak syarikat milik kerajaan Malaysia yang menjalankan perniagaan yang berasaskan minyak, gas dan petrokimia. Selain dari itu, syarikat ini juga mempunyai cabang perniagaan di bidang perkapalan, hartanah dan lain-lain.
Malang buat rakyat Malaysia, walaupun syarikat ini milik rakyat Malaysia, tetapi ramai yang tidak mengetahui bagaimana kewangan syarikat ini diurus.
Apa yang rakyat tahu, setiap suku tahun dan akhir tahun, Petronas akan membuat pengumuman tentang laporan kewangan mereka sahaja.
Seperti mana yang kita ketahui juga, pengurusan Petronas sudah berubah apabila Presiden & Ketua Pegawai Eksukutif (CEO), Tan Sri Mohd Hassan Marican telah bertukar tangan kepada Datuk Shamsul Azhar Abbas.
Tindakan tidak menyambung kontrak Tan Sri Hassan pada saya lebih kepada tindakan dan tekanan ahli-ahli politik.
Malah, kemasukan Omar Ong ke dalam Lembaga Pengarah Petronas pada saya dilihat sebagai titik mula kemasukan pengaruh politik ke dalam Petronas. Walaupun pada mulanya Lembaga Pengarah Petronas menolak kemasukan Omar Ong, tetapi Perdana Menteri, Dato Seri Najib mempunyi kuasa mutlak untuk melangkaui segala keputusan Lembaga Pengarah Petronas untuk menerima Omar Ong.
Omar Ong juga merupakan bekas pembantu Dato Seri Najib semasa di Kementerian Pertahanan dulu.
Agak mengecewakan setelah perlantikan Datuk Shamsul Azhar menggantikan Tan Sri Hassan, beliau secara sinis menyindir Tan Sri Hassan sebagai one man show sewaktu mengandalikan Petronas dulu. Sedangkan kita tahu betapa besarnya jasa Tan Seri Hassan kepada Petronas dan negara.
Sekarang, Tan Sri Hassan Merican telah menjadi awang import kepada konglomerat Singapura, Sembcorp Industries sebagai Pengarah Bebas sejak Jun tahun ini.
Kini, setelah meneliti beberapa berita dalam dan luar negara, sejak akhir-akhir ini seperti ada trend kepada Petronas untuk menjual aset-aset mereka di luar negara.
Jikalau diperhatikan kepada laporan kewangan tahunan Petronas tahun-tahun sebelum ini, Tan Sri Hassan seperti ingin memperkasakan operasi Petronas di luar negara memandangkan simpanan minyak dan gas dalam negara semakin berkurang.
Setakat ini, aset-aset Petronas di luar negara yang diberitakan akan dijual ialah di Australia, India dan Ethiopia.
Apa sebenarnya yang sudah terjadi? Adakah ada tekanan-tekanan politik keatas Presiden Petronas untuk menjual aset-aset syarikat ini?
Petronas yang seperti kita tahu merupakan syarikat yang menjadi kantung kepada Perbendaharaan negara untuk menampung kebanyakkan perbelanjaan negara.
Mungkin pemimpin negara memerlukan instant cash untuk menampung pelbagai program transformasi ekonomi, bajet dan mini bajet seperti sebelum ini.
Semoga Petronas tidak menjadi seperti MAS yang hanya untung dari penjualan aset, bukan dari keuntungan operasi mereka.
Friday, 22 October 2010
Exxon, Chevron, Shell May Bid On Iraq Gas Fields
Exxon Mobil and Chevron , the two largest U.S. oil companies, and Royal Dutch Shell, the largest European oil company, are among the oil majors expected to bid today for licenses to develop three natural gas fields in Iraq.
ENI, Italy's largest oil company, Russia's Gazprom, Mitsubishi and and Japan Petroleum Exploration Co. are also expected to participate in the bidding.
The bidding starts at 10 A.M. Baghdad time. The auction focuses specifically on the Akkas, Mansouriya and Siba gas fields, which Iraq is eager to develop for domestic power generation as well as export revenue, according to Bloomberg News.
Iraq has estimated that the three fields hold a combined 11 trillion cubic feet of reserves.
Iraq has the Middle East's third-largest oil reserves and is looking to boos output to 2.3 million barrels per day.
Companies winning the contracts will be paid on the basis of barrels of oil equivalent and will not be involved in setting the price for gas exports, Bloomberg
ENI, Italy's largest oil company, Russia's Gazprom, Mitsubishi and and Japan Petroleum Exploration Co. are also expected to participate in the bidding.
The bidding starts at 10 A.M. Baghdad time. The auction focuses specifically on the Akkas, Mansouriya and Siba gas fields, which Iraq is eager to develop for domestic power generation as well as export revenue, according to Bloomberg News.
Iraq has estimated that the three fields hold a combined 11 trillion cubic feet of reserves.
Iraq has the Middle East's third-largest oil reserves and is looking to boos output to 2.3 million barrels per day.
Companies winning the contracts will be paid on the basis of barrels of oil equivalent and will not be involved in setting the price for gas exports, Bloomberg
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