Isnin, Mac 05, 2012

PETRONAS POSTS RM55.57B NET PROFIT

Petronas posts 34 pct profit decline, warns on outlook

    KUALA LUMPUR, March 5 | Mon Mar 5, 2012 10:07am GMT

    (Reuters) - Malaysia's state oil firm Petroliam Nasional Bhd (Petronas) posted a 34 percent decline in third-quarter profit on Monday, saying the fall was mainly due to a one-off gain in 2010 from the listing of subsidiaries.

    Without that gain, Petronas' Q3 profit was higher than a year ago on the back of higher crude oil prices and improved margins, it said.

    The unlisted firm said its net profit for the nine-month period ended Dec 31, 2011 was 10.6 percent higher than a year ago at 55.57 billion ringgit ($18.5 billion) due to higher crude oil prices, sales and gas production volume.

    Revenue in the nine months rose 26.9 percent to 222.79 billion ringgit year on year.

    The company warned of a challenging outlook ahead on lower expected crude production and weaker prices on the back of the protracted European sovereign debt crisis.

    "Growth in 2012 and 2013 will be not be as strong as we have seen last year as the current crude oil prices won't last long. It is hurting the economy," Petronas' president and CEO Shamsul Azhar Abbas told reporters.

    He said crude oil prices are expected to hover between $85 to $90 per barrel this year, compare to around $110 now.

    Shamsul said the company's crude production was expected to be lower this year due to natural depletion.

    "Challenge remains in production," he told reporters, adding that the political uncertainties in Middle Eastern were adding to the challenging outlook. Petronas' oil production declined four percent last year.

    Petronas is facing depleting oil and gas reserves in Malaysia and has stepped up its deep-water exploratory activities as well as re-exploring marginal fields.

    Petronas' oil production in South Sudan, which amounted to some 135,000 barrels a day or 18 percent of its total production, has ceased due to a row between Sudan and South Sudan over oil transit fees, said Shamsul.

    "It's a severe reduction and we have no idea of when we will be able to get back the 135,000 barrels a day," he told reporters. "But it will be partially offset by our other production in other countries."

    Petronas is part of Chinese-Malaysian oil firm Petrodar. South Sudan said in February it had expelled the head of Petrodar, which is the main oil firm in the country, after accusing Chinese firms of helping Sudan to seize the southern oil.

    Oil from Sudan accounts for about 20 to 30 percent of Petronas' international oil production, making it the single largest contributor.

    According to Petronas' official website, its presence in the Republic of South Sudan is via its 20 percent interest in Greater Nile Petroleum Operating Company Ltd, 40 percent in Petrodar Operating Company and 67.87 percent White Nile Petroleum Operating Company Ltd

    Petronas' partners are China National Petroleum Corporation, Oil and Natural Gas Corporation, China Petroleum & Chemical Corporation and Tri-Ocean Energy.

    (Reporting By Yantoultra Ngui; editing by Stuart Grudgings)

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    38 ulasan:

    1. Petronas should do their best to catch up, haven't they recently found a new location to drill oil.

      BalasPadam
    2. Hope that Petronas will continue to share the oil profits with Sabah regardless of their loss.

      BalasPadam
      Balasan
      1. We still have the rights to get something out of this even though it looks bad.

        Padam
      2. The loyalty is time to review and adjust.

        Padam
    3. ketidakstabilan politik dan ekonomi di negara luar memang akan mempengaruhi harga minyak mentah dan pendapatan Petronas. harap2 keadaan ini tidak berterusan.

      BalasPadam
      Balasan
      1. Semoga Petronas masih boleh mengaut keuntungan seperti dulu.

        Padam
      2. Petronas must come up with certain strategy which can tide us over during the unstable world economics.

        Padam
      3. Jika tidak, susahlah kita..

        Padam
      4. harap petronas akan terus berusaha untuk mencatatkan keuntungan.

        Padam
    4. sumber minyak juga perlu dikawal dan diurus sebaiknya agar tidak berlaku pembaziran dan sumber ini tidak habis dengan cepat.

      BalasPadam
      Balasan
      1. Betul, sumber ini semakin berkurangan kita haruslah gunakannya dengan cara yang terbaik.

        Padam
      2. sumber yag ada kena digunakan dgn sebaiknya.

        Padam
      3. Setuju, kawalan harus ada agar pembekalan dapat berterusan.

        Padam
      4. betul..sumber yang ada harus diuruskan dengan sebaiknya,..

        Padam
    5. Petronas sudah lama berada dalam industri tu jadi pasti ada cara tersendiri menangani masalah seperti tu.

      BalasPadam
      Balasan
      1. Petronas is an established and experienced company, I'm sure they knew what needs to be done.

        Padam
      2. Petronas has good management.

        Padam
      3. pengalaman yang ada pasti dapat membantu petronas untuk lebih maju.

        Padam
    6. That means Petronas has a big asset to generate more human capital in its company.

      BalasPadam
    7. Nampaknya Sabah akan memperoleh lebih banyak benda

      BalasPadam
      Balasan
      1. Kita memang patutu mendapat lebih banyak kepunyaan kita.

        Padam
    8. This indicates that more things to come for us.Wait and see.

      BalasPadam
    9. Jika Petronas untung besar maka lagi bagus kerana makin besar Petronas dapat makin besar juga Sabah akan dapat nantilain lagi nanti pembangunan dan juga bantuan yang lain dibuat oleh petronas..

      BalasPadam
      Balasan
      1. The higher profits earned by Petronas means higher return to Sabah too. Of course we hope our oil can gain better profits.

        Padam
      2. Petronas contribute more working opportunities to the local.

        Padam
      3. harap petronas akan mencatat keuntungan yang lebih besar sekali gus menyumbang kepada pembangunan.

        Padam
    10. With their year of experience I suppose they can handle the situation.

      BalasPadam
      Balasan
      1. I believe they can handle it well.

        Padam
    11. Resources available should be used implicitly and productively.

      BalasPadam
    12. Petronas has been in this industry for far too long, accordingly they do have their own way of dealing with problems like this

      BalasPadam
      Balasan
      1. Hope there are some respects for us.

        Padam
    13. Hopefully Sabah will have its own share of every profit.

      BalasPadam
    14. Petronas should share their profits with Sabah for improvement

      BalasPadam
      Balasan
      1. Kaedah ini harus dikaji, berkemungkinan boleh dilaksanakan agar pendapatan negeri bertambah untuk projek pembangunan.

        Padam
    15. Hope we will get what the best out of this.

      BalasPadam
    16. pelaburan Petronas di negeri ini juga cukup besar..

      BalasPadam
    17. harap petronas akan terus menyumbang kepada pembangunan negeri ini.

      BalasPadam
    18. Proper management on the oil resources is vital.

      BalasPadam