Investment Summary

Petroliam Nasional Berhad Invests In Malaysian Refining Sdn. Bhd.

On November 11, 2014, Petroliam Nasional Berhad invested in oil/gas exploration company Malaysian Refining Sdn. Bhd. from Phillips 66 for 635M USD

Investment Highlights
  • This is Petroliam Nasional Berhad’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Petroliam Nasional Berhad’s 2nd largest (disclosed) transaction.
  • This is Petroliam Nasional Berhad’s 1st transaction in Malaysia.

Investment Summary

Date 2014-11-11
Target Malaysian Refining Sdn. Bhd.
Sector Oil/Gas Exploration
Investor(s) Petroliam Nasional Berhad
Sellers(s) Phillips 66
Deal Type Stake Purchase
Deal Value 635M USD

Target

Malaysian Refining Sdn. Bhd.

Sungai Udang, Malaysia
Malaysian Refining Company Sdn. Bdh., also known as PSR-2, refines and processes crude oil into refined products.

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Investor(S) 1

Investor

Petroliam Nasional Berhad

Kuala Lumpur, Malaysia

Category Company
Founded 1974
Sector Oil/Gas Exploration
Employees49,193
DESCRIPTION

PETRONAS has been actively involved in the development of the petroleum industry, Company redefine the future of energy with innovative approaches to technology and engineering in order to maximise and deliver sustainable energy for tomorrow.


DEAL STATS #
Overall 1 of 4
Sector (Oil/Gas Exploration) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Malaysia) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 2 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 Amplus Energy Solutions

Gurgaon, India

Amplus Energy Solutions is an opertor of rooftop solar power projects. Amplus Energy Solutions is based in Gurugram, Haryana.

Buy $389M

Seller(S) 1

SELLER

Phillips 66

Houston, Texas, United States

Category Company
Founded 1875
Sector Energy Services and Equipment
Employees14,000
Revenue 147.4B USD (2023)
DESCRIPTION
Entrance to Phillips 66's corporate headquarters in Houston, Texas.
Entrance to Phillips 66's corporate headquarters in Houston, Texas.

Phillips 66 is an energy and logistics company. Its midstream segment gathers, processes, transports and markets natural gas; and transports, stores, fractionates and markets natural gas liquids (NGL) in the United States. In addition, this segment transports crude oil and other feedstocks to refineries and other locations, delivers refined and specialty products to market, and provides terminaling and storage services for crude oil and petroleum products. Its chemicals segments consists of our 50 percent equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics on a worldwide basis. Its refining segment buys, sells and refines crude oil and other feedstocks at refineries in the United States and Europe. Its marketing and specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe. Phillips 66 was founded in 1875 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 4
Sector (Oil/Gas Exploration) 1 of 2
Type (Stake Purchase) 1 of 2
Country (Malaysia) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-23 Spectrum

Selmer, Tennessee, United States

Spectrum Corp. is an independent compunder, blender, packager, and marketer of specialty lubricants. Products include 2-cycle and small engine 4-cycle oils, bar and chain oil, and hydraulic fluid, which are commonly used in power lawn and garden equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-21 Liberty Pipeline Project

United States

Liberty Pipeline Project is a 700-mile-long, pipeline of up to 24 inches in diameter transporting light crude oil from the Rockies and Bakken production areas to Cushing, Oklahoma. The Liberty Pipeline will be part of a network of pipelines that provide a safe, reliable and economical means of delivering crude oil from the Rockies and Bakken production areas.

Sell -