Accountability issue of petronas

As we can see from the picture below, the related party disclosure of Shell is more detail than Petronas. Shell discloses the company name that where the sale to and where the purchase from, however, Petronas just disclose the sale and purchases in general.

But in a prepared statement he did stress that LNG operators will have to adhere to a "strict" regulatory regime operated by the B. It is understood that this supply through the option holders is sold by contracts with a binding agreement for 20 or 30 years, causing huge losses for Petronas when oil price increases, as Petronas would then have to continue selling at the old agreed price.

Energy giant Petronas faced 'catastrophic' safety issues

Petronas has cited concerns about a number of accidents and deaths sincewhich according to a Sun source led to ordering the internal audit. How much this huge loss is, we will never know.

‘Every Sarawakian needs to be concerned about O&G issue’

Oil and Gas Commission. Because of the non transparent of Petronas agreements, many questions have been raised and the public think Petronas is a huge organization which is not accountable and secretive.

Tell us what you need to have done now! Because of the agreement contract is not disclose to the public, thus, the public do not know who these option holders are and why they are in the first place. It is understood that this supply through the option holders is sold by contracts with a binding agreement for 20 or 30 years, causing huge losses for Petronas when oil price increases, as Petronas would then have to continue selling at the old agreed price.

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They include countries often avoided by western firms, like Iran, Burma and Sudan. How much this huge loss is, we will never know. When asked by The Sun about the pipeline explosion, the company also noted that if the Canadian LNG project is approved, the pipeline to the B. Because of this arrangement, Petronas is not maximizing its revenue by dealing direct with the open world market.

Another expert consulted by The Sun highlighted 10 particularly alarming issues, including two that caused him to use exclamation marks. Experts asked by The Sun to review the report expressed concern. The project includes a bridge to Lelu Island from the mainland, two liquefaction and purification plants on the island, two storage tanks, and a two-berth offshore marine terminal.

For example, we can make a comparison between the annual report of Shell and annual report of Petronas. He said that Petronas agreements have been classified as secret. The project is one of at least three LNG proposals that the B.

The clauses in the agreement are shielded from public scrutiny, this leads to transparency issue arise and making it an organization without public accountability. He said that Petronas agreements have been classified as secret.

As we can see from the picture below, the related party disclosure of Shell is more detail than Petronas. Shell discloses the company name that where the sale to and where the purchase from, however, Petronas just disclose the sale and purchases in general.

Accountability Issue of Petronas

The auditors also pointed to "systemic" problems relating to the lack of staff competence and training, and made more than a dozen references to "severe" corrosion issues threatening the structural integrity of the facilities.

For example, we can make a comparison between the annual report of Shell and annual report of Petronas. Besides, the public also wondering that are these people representing certain private interests? Instead, it has been incurring incalculable losses for the nation and for the people.

The annual report of Petronas is not in detail. Petronas has only recently has expanded operations to western nations like Canada. Many of the problems dated back many years, even decades. Instead, it has been incurring incalculable losses for the nation and for the people.Petronas, the Malaysian state-owned global energy giant at the heart of B.C.'s LNG ambitions, was told in late that it was dealing with "very serious" safety and integrity issues throughout.

“It is a major issue of Sarawak right which has been exploited and violated by the Federal government. Soo questioned why Petros needs to.

PETRONAS 10 Zero Tolerance Rules are based on analysis of incident trends in the PETRONAS Group and aim to ensure that all high risk activities are carried out safely.5/5(2). Parliamentarians' petition to Petronas: Pull out from Myanmar.

Share this story. Whatsapp. "As Malaysia aspires to be among the top 20 nations in terms of economic and trade, we must practice accountability on this issue. "If there is a humanitarian tragedy happening in this region, Malaysia as a representative of the region must be the.

Petroliam Nasional Berhad (PETRONAS) Petroliam Nasional Berhad (PETRONAS) 4 5 Section One | Introduction Section One INTRODUCTION responsible company to balance the issue of climate change with the challenge to sustainably produce affordable and enhance accountability and ownership of safety practices.

PETRONAS’ business activities include (i) the exploration, development and production of crude oil and natural gas in Malaysia and overseas; (ii) the liquefaction, sale and transportation of Liquefied Natural Gas (LNG); (iii) the processing and transmission of natural gas, and the sale of.

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Accountability issue of petronas
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