50 years ago, with the vision of managing Malaysia’s oil resources and the goal of becoming a world-leading company, Petronas was born. With a presence in more than 20 countries and recognized as a key player in the global energy industry, its history began in Argentina in 2008 and since then it has been gaining ground in the local market.
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From its earliest years, the company adopted a model that allowed Malaysia to take control of its own destiny in the oil industry, establishing equal partnerships and maximizing the country’s resources. This strategy not only strengthened its position in the country, but also allowed it to expand its operations and gain the trust of international players. Today, five decades later, it is ranked among the largest in the world according to the FORTUNE Global 500® ranking.
Today, Petronas’ presence spans more than 20 countries, encompassing a network of 224 production fields, 451 offshore platforms and 34 floating facilities. In each of these locations, the company has demonstrated its ability to innovate and adapt to changing market demands.
Not only has it been dedicated to oil and gas extraction and production, but it also manufactures and markets lubricants worldwide through PETRONAS LUBRICANTS INTERNATIONAL.
The company has developed a wide range of automotive and industrial fluids, and is now one of the top 10 in terms of volume globally. With more than 30 facilities in 23 countries, it has brought the technology and quality of Petronas products to the world.
In our country, it has had an outstanding trajectory since its entry in 2008 with its lubricants division. Since then, it has established itself as one of the five main players in the market, recognized for the quality and innovation of its products for the care of vehicles.
To mark its 50th anniversary, the company is planning several launches and a rebranding of its packaging and labels, reflecting its ongoing commitment to innovation and sustainability.
It is important to note that the company is currently participating in strategic projects such as LNG in collaboration with YPF, which demonstrates its commitment to the country’s energy transformation and its desire to contribute to national economic development.
In conclusion, the first 50 years have been a journey of growth, innovation and success. From its beginnings in Malaysia to becoming one of the largest energy companies in the world, it has proven that the combination of vision, technology and commitment can take a business to unimaginable heights. As the company looks to the future, it is clear that it will continue to be a leader in the industry, leading the way to a more sustainable and efficient tomorrow.
Source: Ambito