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马来西亚国家石油公司（Petronas）成立于1974年，是国有企业。由马来西亚政府全面拥有。并获有国会通过石油开发法令，授予拥有和控制马来西亚石油资源的所有权利。公司被指定为马来西亚境内所有石油和天然气的开发公司，并被要求对这些资源进行增值加工处理。马来西亚石油公司已经从它成立之初的单纯石油天然气开采企业成长成为现在的业务范围广泛的在多个方面有增值能力的实体。

通过三十年的发展建设，马石油已经成长为一家综合性的跨国石油天然气公司，属下拥有三家子公司（马石油贸易有限公司、马石油天然气有限公司和马来西亚国际船务有限公司），并在海外三十几个国家设有100多家子公司，被列为世界500强。

马石油管理所有马来西亚境内的上游作业，并通过生产共享合同聘用多家国际石油与天然气公司参与勘探、开发及生产马来西亚的石油与天然气。马石油也通过子公司马石油勘探有限公司直接参与马来西亚上游亿立方尺的天然气储备。马石油的下游作业包括液化天然气和运输业、加工和输送天然气、提炼和推销石油产品、买卖原油和石油产品、制造和销售石油化学产品，以及船运和相关的后勤，如运输液化天然气、原油和石油产品等。

马石油的上游运作集中于加强国内的勘探及生产业务，并获取海外新区块，以增加及延续马来西亚的石油和天然气储藏量。马石油通过其子公司，马石油勘探私人有限公司，与其他跨国生产共享承包商并驾齐驱直接参与国内石油和天然气的勘探、开采和生产。至今，马石油已与国际石油公司签署了60多份生产共享合同，以分享利润和回收成本的方式，参与石油和天然气的勘探、开发和生产。马石油海外的上游业务涵盖了25个国家。

马石油的下游业务集中于扩大其业务价值链和加强业务的运作以创造最高价值。马石油在马来西亚的马六甲和格底县拥有及经营2家提炼厂，供应石油产品予其市场销售和买卖。所提炼的产品除了供内销，也供出口。随着马石油收购南非一家主要的石油公司EngenLtd（英振有限公司），包括它位于德尔本的提炼厂。

Petronas, founded in 1974, is a state-owned enterprise. Fully owned by the Malaysian government. And it was granted all rights to own and control Malaysian oil resources by the oil development law passed by the Congress. The company is designated as a development company for all oil and gas in Malaysia and is required to process these resources in value-added manner. Petronas has grown from a pure oil and gas exploration enterprise at the beginning of its establishment into an entity with a wide range of businesses and value-added capabilities in many aspects. After 30 years of development and construction, Petronas has grown into a comprehensive multinational oil and gas company, with three subsidiaries (Petronas Trading Co., Ltd., Petronas Natural Gas Co., Ltd. and Malaysia International Shipping Co., Ltd.), and more than 100 subsidiaries in more than 30 countries overseas, ranking as one of the world's top 500. Petronas manages all upstream operations in Malaysia and employs a number of international oil and gas companies through production sharing contracts to participate in the exploration, development and production of oil and gas in Malaysia. Petronas also directly participates in billion cubic feet of natural gas reserves in the upper reaches of Malaysia through its subsidiary Petronas exploration Co., Ltd. Petronas's downstream operations include LNG and transportation, processing and transportation of natural gas, refining and marketing of petroleum products, trading of crude oil and petroleum products, manufacturing and marketing of petrochemical products, as well as shipping and related logistics, such as transportation of LNG, crude oil and petroleum products. The upstream operation of Petronas focuses on strengthening the domestic exploration and production business and acquiring overseas new blocks to increase and continue the oil and gas reserves of Malaysia. Petronas, through its subsidiary, Petronas exploration PTE. Ltd., is directly involved in the exploration, production and production of domestic oil and natural gas in line with other transnational production sharing contractors. Up to now, Petronas has signed more than 60 production sharing contracts with international oil companies to participate in the exploration, development and production of oil and gas in the way of profit sharing and cost recovery. Petronas's overseas upstream business covers 25 countries. Petronas's downstream business focuses on expanding its business value chain and strengthening its business operation to create the highest value. Petronas owns and operates two refineries in Malacca and Gedi County, Malaysia, which supply petroleum products for its marketing and trading. The refined products are not only for domestic sale, but also for export. Along with Petronas' acquisition of engen Ltd, a major South African oil company, including its refinery in Durban.

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