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Malaysia

Malaysia’s Petroleum Development Act 1974

PETROLIAM NASIONAL BERHAD, or known as PETRONAS, is Malaysia’s state-owned integrated oil and gas multinational company established in 1974. It has grown and expanded faster than its relatively young age would suggest, especially internationally, while at the same time continues… Read More ›

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Malaysia Oil and Gas Business: A brief legal introduction

Petroleum Income Tax Act 1967 New tax and investment initiatives introduced particularly under Petroleum Income Tax Act 1967 to promote oil and gas exploration activities. Economic Transformation Program (ETP) Launch 25 September 2010 Part of National Transformation Program Goal to… Read More ›

Malaysia Crude Oil Terminal Requirement

This is the regulatory requirement for getting the crude oil terminal up and running in Malaysia. Trade License for terminal (state regulations). Storage License (Federal regulation, under KPDNHEP). Petroleum license (Federal regulations, under KPDNHEP, PDA 1974) . Terminal gazetted as… Read More ›

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