Petronas Engine Oil Brand (Apr 2024)
Last updated on 18-Feb-2023
Petronas is a gas and oil brand under the Malaysian state-owned enterprise "Petroliam Nasional Berhad", therefore, National Petroleum Limited that commonly known as Petronas. Petronas produces a variety of petroleum products, natural gas, as well as petrochemical products. Accordingly, the company also produces a wide variety of automotive, marine, and industrial lubricants as well as specialty products under the brand name Petronas. Thus it also has a range of automotive maintenance and care products in its product portfolio.
About
In the formation of a state-owned corporation, Petroliam Nasional Berhad, therefore, Petronas is officially established on 17 August 1974. Prior to the establishment of Petronas, two foreign petroleum companies Exxon and Shell Corporation were enjoying the rights to petroleum mining therefore the exploration of the oil territories and production of petroleum products in Malaysia. Accordingly, both the companies were sharing the oil royalties and tax payments to the Malaysian government.
Thereafter, in 1974 a new Petroleum Development Act was approved in the Malaysian parliament, and accordingly, the then-government incorporated Petronas as the national petroleum corporation. After the official inauguration, Petronas started to work on taking control over the country's entire petroleum projects, but initially, Exxon and Shell refused to surrender and negotiate with Petronas. Accordingly, Petronas then announced that after 1 April 1975, all the foreign oil companies’ activities will be illegal in Malaysia if they fail to cooperate with Petronas.
Consequently, all the foreign oil companies finally surrendered their franchises to Petronas after several negotiations. Further, after dealing with a few political consequences in Malaysian national politics Petronas finally was able to achieve total control of the entire oil and gas reserves in Malaysia. And now Petronas is a stronger entity in Malaysia and in the surrounding territory markets. The company now includes 103 entirely owned subsidiaries, 19 joint ventures, and 57 associated companies. Accordingly, Petronas now also is serving in a wide global market that consists of over 50 countries in the world.
At present Petronas has grown to be an incorporated international oil and gas company that has recognized as one of the "new seven sisters" in the petroleum industry which is now one of the most influential state-owned national oil and gas companies from the countries outside the Organization for Economic Co-operation and Development (OECD). Thus Petronas is involved in a broad spectrum of petroleum activities that includes oil exploration, refining, production, and marketing & distribution of petroleum products in the domestic and global markets.
FAQ – Frequently Asked Questions
1. Who is Petronas?
Ans: Petronas is now a Malaysian automotive and industrial lubricant brand under the Malaysian state-owned petroleum corporation Petroliam Nasional Berhad is now the most influential state-owned national oil and gas company in the Asian territory. Petronas is involved in a broad spectrum of petroleum activities that includes oil exploration, refining, production, and marketing & distribution of petroleum products in the domestic and global markets. Hence the brand and company produce a wide variety of automotive, marine, and industrial lubricants as well as specialty products. Further Petronas also has a range of automotive maintenance and care products in its product line.
2. Who is the manufacturer of Petronas engine oils?
Ans: Petronas is a Malaysian state-owned automotive and industrial lubricant brand and company. Hence all the Petronas lubricants and engine oil products are produced by the company in its own production facilities.
3. Petronas lubricants are originated from where?
Ans: Petronas lubricants are produced in its own and overseas subsidiary facilities located in various locations in the world.
4. Do Petronas Engine Oils manufacture in Bangladesh?
Ans: In Bangladesh, Petronas has no production facility for lubricant products. All the official Petronas lubricants in the market of Bangladesh are imported from various distribution points of Petronas.
5. What is the standard of Petronas Engine oils for motorcycles in Bangladesh?
Ans: Petronas engine oils for motorcycles in Bangladesh confirm the international lubricant standards like API, JASO (Japanese Automobile Standard Organization), MA, etc.
6. Who is the distributor of Petronas products in Bangladesh?
Ans: In Bangladesh, Petronas engine oils are marketed & distributed by its franchise United Lube Oil Limited.
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