Wednesday, July 16, 2008

Petronas' profit soars, we are still sore...

THE good news is, Petronas posted a profit of RM61 billion in the financial year ended March, an increase of 31.5 per cent. Revenue jumped 21 per cent to RM223.1 billion, said chief executive and president Hassan Marican.

The bad news is, Malaysians can expect another hike in fuel prices as the world crude oil price is seen to breach its US$150 per barrel by September.

While reaping much profit from this world trend, Petronas is assessing the viability of a proposed gas project in Iran following the pullout of French energy giant Total SA. However, no decision yet.

The country’s total oil and natural gas reserves only saw a minor decline.

As of Jan. 1 this year, Malaysia's total oil and natural gas reserves declined slightly to 20.13 billion barrels of oil equivalent (BOE) from 20.18 billion BOE last year.

This was due to downward revisions of gas reserves in offshore Sarawak and higher production of crude oil and gas during the year. The decline in Petronas' international reserves also fed the trend.

Its international reserves stood at 6.24 billion BOE compared with 6.31 billion BOE last year. Crude oil and condensates reserves were lower by 5.1 per cent to2.42 billion BOE from 2.55 billion BOE previously.

Yet, its natural gas reserves overseas rose by 1.6 per cent to 3.82 billion BOE from 3.76 billion BOE.

Looking at these figures, the government can avoid making another fuel price hike announcement, at least for another year, analysts said.

5 comments:

headache, jerantut said...

sore? who? we? you are damn right, bro!

no matter how much petronas gains, we dont get the benefit.

who got it?

who else... people at the top laa

AZMI, penang said...

BETUL KE JUMLAH KEUNTUNGAN YANG DIUMUMKAN OLEH HASSAN MARICAN SEMALAM?

ATAU ADA LAGI ANGKA-ANGKA LAIN YANG KITA TAK TAHU.

SELAMA LEBIH 30 TAHUN PETRONAS DITUBUHKAN, APA SUMBANGAN TERBESARNYA UNTUK MEMBAIKI SOSIOEKONOMI RAKYAT MALAYSIA?

IA HANYA MENGKAYAKAN YANG DAH KAYA...

bujai said...

sdr azmi,

sebenarnya petronas juga banyak menyumbang kepada peningkatan sosioekonomi rakyat, terutama di kawasan loji penapis dan penempatannya dibina.

di paka dan kertih, terengganu, misalnya, ramai rakyat tempatan mendapat faedah dengan menjadi pekerja, pembekal dan menyertai pelbagai kegiatan berasaskan ekonomi di sana.

di melaka juga, di mana petronas membina loji penapisnya, taraf hidup penduduk setempat banyak meningkat.

memanglah petronas tidak mampu membina kemudahannya di semua tempat tetapi sekurang-kurangnya ia membantu meningkatkan dana kerajaan pusat dan negeri. wang ini juga dibelanjakan kerajaan untuk maksud pembangunan.

elena george, labuan said...

we should be happy with petronas. as a malaysian conglomerate, it is moving at par with some of the leading oil and gas companies worldwide.

fuel prices aside, i am still proud of petronas... and with tun mahathir

bujai said...

dear elena

we are all malaysians. we should be proud of our achievements.

the only thing about achievement is, some leaders are shortsighted to pursue it.

sorry to say...