Wednesday, September 16, 2026

Petronas Lookback: How Malaysia’s NOC Stacks Up to Global Competition, New Rules

From The Malaysian Reserve For over a decade from the early 1990s, Petroliam Nasional Bhd (Petronas) was the champion of national oil companies (NOCs) challenging the established order in the global petroleum industry. Then, it was relatively unheard of for state oil firms to venture outside their national borders to prospect for oil and gas (O&G), strictly the domain of