This year marks PETRONAS’ 50th anniversary, marking five decades of leadership in the global energy industry. Since its creation in 1974 as the regulator of Malaysia’s oil resources, the company has grown to become one of the leading energy multinationals, standing out on the FORTUNE Global 500®. With a presence in more than 20 countries, its history began in Argentina in 2008 with the global merger and has since been gaining ground in the local market.
A journey towards global excellence
Through its innovative vision, the company moved from regulating Malaysia’s oil resources to unlocking their full potential, establishing a model that allowed the country to take control of its destiny in the industry. This pioneering approach not only strengthened Malaysia as an oil producer, but also positioned it as a key player on the global energy stage.
Today, the company extends its operations to more than 20 countries, managing 224 production fields, 451 offshore platforms and 34 floating facilities. This growth not only reflects the company’s technical and operational capacity, but also its commitment to communities and
markets where it operates.
It produces and markets a complete range of automotive and industrial fluids of the highest quality, in more than 80 markets around the world, being TOP 10 globally in terms of volume.
In addition, PETRONAS Lubricants International is the technology partner of the AMG PETRONAS Formula One Team, responsible for the conception, development and delivery of Fluid Technology Solutions™, with lubricants, fuel and transmission fluids to maximise performance on the track.
PETRONAS in Argentina: a story of growth and leadership
In the country, it began its journey in 2008 and, since then, it has managed to establish itself as one of the five most important players in the market. The quality and technological innovation of its products have been key to its success, standing out in sectors such as the automotive, transportation and heavy industry.
Among the most recognized products in the country are the lines for light vehicle engines, heavy vehicle engines, the motorcycle line and products that include a wide range of functional fluids.
These products not only reflect the company’s technical excellence, but also its ability to adapt to local needs.
A commitment to innovation and sustainability
As part of the anniversary, the company reaffirms its commitment to innovation and sustainability. Throughout the year, the company has planned a series of launches in various business lines, in addition to the renewal of its image through modernized packaging and labels. These changes not only
They represent not only an aesthetic update, but also a continued commitment to quality and efficiency.
Future projects in Argentina
At the local level, PETRONAS is also involved in strategic projects such as the development of LNG in collaboration with YPF. Although still in the preliminary stages of analysis, these initiatives reflect PETRONAS’ ambition to contribute to Argentina’s energy transformation, boosting the country’s economic growth and sustainability.
Over the course of these 50 years, the company has shown that true success is not measured only in numbers, but in the positive impact it can have on the world. On this anniversary, it is not only celebrating its past, but looking to the future with the same passion and dedication that have led it to become a global leader in energy and sustainable solutions.
Journalist specializing in energy
Source: https://reporteasia.com/negocios/corporaciones/2024/09/04/petronas-50-anos