Malaysia: Petronas CEO Highlights Petrol Retail Success

                                                                                                                  "As at end 2008, there were 750 Petrol kiosk dealers and operators, with 90 per cent of them Bumiputeras," Petronas president and chief executive officer Tan Sri Mohd Hassan Marican said at the second day of the 3rd Islamic Economic Congress in Kuala Lumpur.

His working paper was presented by Petronas corporate services vice-president Ahmad Nizam Salleh. Mohd Hassan said Petronas is relatively a "young" oil company, having just only started its business in 1974, Petronas is now a brand name that is well known globally. In 2008 it was ranked 95 in the Global Fortune 500.

During the question-and-answer session, Ahmad Nizam said Bumiputera dealers have benefited from Petronas' debut in retail petrol business, especially when Petronas Dagangan Bhd was set up in 1981. "They (dealers) should be praised and congratulated as they were not given any preferential treatment when Petronas Dagangan was established.  They have to compete with dealers from BH Petrol, Caltex, Esso, and Shell.”

PetrolWorld 130109

Petronas Dagangan & Mesra Convenience Retail will participate in the forthcoming PetrolWorld Business Forum on 3rd to 5th March 2009 being held in Langkawi.