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Petronas

PETRONAS, short for Petroliam Nasional Berhad (Malaysian National Oil Company Inc.), 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 Petronas Group comprised 103 wholly owned subsidiaries, 19 partly owned outfits and 57 associated companies. Together, these companies make the Petronas Group, which is involved in various oil and gas based activities. The Financial Times has identified PETRONAS as one of the " new seven sisters": the most influential and mainly state-owned national oil and gas companies from countries outside the OECD.

The group is engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining; marketing and distribution of petroleum products; trading; gas processing and liquefaction; gas transmission pipeline network operations; marketing of liquefied natural gas; petrochemical manufacturing and marketing; shipping; automotive engineering; and property investment.

PETRONAS provides a substantial source of income for the Malaysian government, with 45% of the government's budget dependent on PETRONAS' dividend, moreover in 2011 government actual balance has 5 percent deficit of Gross Domestic Product.

The company is headquartered at the Petronas Towers which was officially opened on Malaysia's 42nd National Day, 31 August 1998 – in the corporation's 24th Anniversary year.

On 26 February 2015, Petronas cut its 2015 capital expenditures budget after reporting a $2 billion fourth quarter loss, the company’s first loss since it began reporting quarterly results five years ago.

Petronas (general)

Petronas (; died November 11, 865) was a notable Byzantine general and leading aristocrat during the mid-9th century. Petronas was a brother of Empress Theodora and hence brother-in-law of Emperor Theophilos, under whom he advanced to the rank of patrikios and the post of droungarios of the Vigla regiment. After Theophilos' death, he played a role in the ending of Iconoclasm, but was sidelined along with his brother Bardas during the minority of his nephew, Michael III, when power was held by the regent Theoktistos. In 855, Petronas and Bardas encouraged Michael III to seize control of the government: Theoktistos was murdered, Theodora banished to a monastery, Bardas became Michael's chief minister, and Petronas was tasked with the war against the Arabs. In 863, he scored a crushing victory at the Battle of Lalakaon, a feat which marked the gradual beginning of a Byzantine counter-offensive in the East. Promoted to magistros and domestikos ton scholon, he died in 865.