Cerita dari Petronas

By Thursday, June 19, 2008 43 No tags Permalink 0

I got from email and share it here.

QUALITY OF CRUDE & REFINED PRODUCTS
Malaysia produces about 600,000 barrels of crude oil per day (and about 100,000 barrels condensate). Of this crude volume, 339,000 barrels are refined locally for local consumption. The rest is exported (and yes, because it has lower sulphur content it fetches higher prices).

Malaysia also imports about 230,000 barrels of crude oil per day, mainly from the Middle East, to be refined here. This crude oil contains higher sulphur and is less expensive (so the country gains more by exporting our crudes). In Malaysia, this crude is processed by PETRONAS at its
second refinery in Melaka, and also by Shell at its Port Dickson refinery.

Different refineries are built and configurated to refine different types of crude. And each crude type yields different percentage of products (diesel, gasoline, kerosene, cooking gas etc) per barrel.

But most importantly, products that come out at the end of the refining process have the same good quality regardless of the crude types. That’s why PETRONAS, Shell and Exxon Mobil share the same pipeline to transport the finished products from their refineries to a distribution centre in the Klang Valley. The three companies collect the products at this centre accordingly to be distributed to their respective distribution networks. What makes PETRONAS’ petrol different from Shell’s, for example, is the additive that each company adds.

PETRONAS’ ROLE, FUNCTION & CONTRIBUTION
3) A lot of people also do not understand the role and function of PETRONAS, which is essentially a company, a business entity, which operates on a commercial manner, to mainly generate income and value for its shareholder. In this case, PETRONAS’ shareholder is the Government.

In 1974, when PETRONAS was set up, the Government gave PETRONAS RM10 million (peanuts, right?) as seed capital. From 1974 to 2007, PETRONAS made RM570 billion in accumulated profits, and returned to the Government a total of RM335.7 billion. That is about 65% of the profits. That means for every RM1 that PETRONAS makes, 65 sen goes back to the Government.

Last year, PETRONAS made a pre-tax profit of RM86.8 billion. The amount given back to the Government (in royalty, dividends, corporate income tax, petroleum products income tax and export duty) was RM52.3 billion. The rest of the profit was used to pay off minority interests and taxes in foreign countries (about RM7.8 billion – PETRONAS now operates in more than 30 countries), and the remaining RM26.7 billion was reinvested. The amount reinvested seems a lot, but the oil and gas industry is technology- and capital-intensive. Costs have gone up exponentially in the last couple of years. Previously, to drill a well, it cost about US$3 million; now it costs US$7 million. The use of rigs was US$200,000 a day a couple of years ago; now it costs US$600,000 a day.

A lot of people also do not realise that the amount returned by PETRONAS to the Government makes up 35% of the Government’s total annual income, to be used by the Government for expenditures, development, operations, and yes, for the various subsidies. That means for every RM1 the Government makes, 35 sen is contributed by PETRONAS.

So, instead of asking what happens to PETRIONAS’ money or profits, people should be questioning how the money paid by PETRONAS to the Government is allocated.

CRUDE EXPORTS & FUEL PRICES
4) A lot of people also ask, why Malaysia exports its crude oil. Shouldn’t we just stop exporting and sell at cheaper prices to local refiners? If Malaysia is an oil exporting country, why can’t we sell petrol or diesel at cheaper prices like other oil producing countries in the Middle East?

I guess I don’t have to answer the first couple of questions. It’s simple economics, and crude oil is a global commodity.

Why can’t we sell petrol and diesel at lower prices like in the Middle East? Well, comparing Saudi Arabia and other big producers to Malaysia is like comparing kurma to durian, because these Middle Eastern countries have much, much, much bigger oil and gas
reserves.

Malaysia has only 5.4 billion barrels of oil reserves, and about 89 trillion cubic feet of gas. Compare that to Saudi Arabia’s 260 billion barrels of oil and 240 trillion cubic feet of gas.

Malaysia only produces 600,000 barrels per day of oil. Saudi Arabia produces 9 million barrels per day. At this rate, Saudi Arabia’s crude oil sales revenue could amount to US$1.2 billion per day! At this rate, it can practically afford almost everything — free education, healthcare, etc, and subsidies — for its people.

But if we look at these countries closely, they have in the past few years started to come up with policies and strategies designed to prolong their reserves and diversify their income bases. In this sense, Malaysia (and PETRONAS) has had a good head start, as we have been doing this a long time.

Fuel prices in Malaysia is controlled by the Government based on a formula under the Automatic Pricing Mechanism introduced more than a couple of decades ago. It is under this mechanism that the complex calculation of prices is made, based on the actual cost of petrol or diesel, the operating costs, margin for dealers, margin for retail oil companies (including PETRONAS Dagangan Bhd) and the balancing number of duty or subsidy. No retail oil companies or dealers actually make money from the hike of the fuel prices. Oil companies pay for the products at market prices, but have to sell low, so the Government reimburses the difference — thus subsidy.

Subsidy as a concept is OK as long as it benefits the really deserving segment of the population. But there has to be a limit to how much and how long the Government should bear and sustain subsidy. An environment where prices are kept artificially low indefinitely will not do anyone any good. That’s why countries like Indonesia are more pro-active in removing subsidies. Even Vietnam (which is a socialist country, by the way) is selling fuel at market prices.

PETRONAS & TRANSPARENCY
5) I feel I also need to say something on the allegation that PETRONAS is not transparent in terms of its accounts, business transactions etc.

PETRONAS is first and foremost a company, operating under the rules and regulations of the authorities including the Registrar of Companies, and the Securities Commission and Bursa Malaysia for its listed four subsidiaries (PETRONAS Dagangan Bhd, PETRONAS Gas Bhd, MISC Bhd and KLCC Property Holdings Bhd.

PETRONAS the holding company produces annual reports which are made to whomever wants them, and are distributed to many parties and places; including to the library at the Parliament House for perusal and reading pleasure of all Yang Berhormat MPs (if they care to read). PETRONAS also makes the annual report available on its website, for those who bother to look. The accounts are duly audited.

The website also contains a lot of useful information, if people really care to find out. Although PETRONAS is not listed on Bursa Malaysia, for all intents and purposes, it could be considered a listed entity as its bonds and financial papers are traded overseas. This requires scrutiny from investors, and from rating agencies such as Standard & Poor and Moody’s.

BOYCOTT PETRONAS?
6) The last time I checked, this is still a democratic country, where people are free to spend their money wherever they like.

For those who like to see more of the money that they spend go back to the local economy and benefiting their fellow Malaysians, perhaps they should consider sticking to local products or companies.

For those who like to see that the money they spend go back to foreign shareholders of the foreign companies overseas, they should continue buying foreign products.

FINAL WORD (FOR TODAY)
I’m sorry this is rather long, but I just have to convey it. I hope this would help some of you out there understand something. The oil and gas industry, apart from being very capital intensive, is also very complex and volatile. I’m learning new things almost every single day.

43 Comments
  • syam
    June 19, 2008

    penerangan yg bagus

  • firdaus
    June 19, 2008

    bro,sape yg untung and sape yg rugi sbenanye dengan kenaikan harga minyak ni?

  • eddyra
    June 20, 2008

    firdaus, kerajaan ler yang paling banyak dapat untung, untung kurangkan subsidies.. petronas pun dapat untung.

    Yang rugi? Takde sesiapa yang rugi.. rakyat pun tak rugi, cuma rakyat perlu menambah wang untuk membeli petrol.

    Yang rugi hanyalah kazanah negara yang sepatutnya boleh di jaga dan di urus dengan lebih baik.

  • waliz
    June 20, 2008

    kita memang tak rugi tapi terbeban….semua harga barang dah naik sekarang…

  • nadzim
    June 20, 2008

    yup tul tuu waliz.

    sume trasa ‘terbeban’ ni… yg dkt ker yg dok jauh ker sume trasa.

    sib baik prepaid takde gune minyak petrol. kalau tak, hmm naik harga ppaid hauahhauhauahuahuhauhu

    tapi aku rasa byk mekanisme2 dlm malaysia nii tak seimbang. contoh, kalau mekanisme petrol dan barangan naik, mekanisme pendapatan perlu laa dinaiktarafkan. byk negara yg takde mensubsidikan minyak kpd rakyat nya, tapi rakyat nya masih leh beli minyak dan barang2 lain utk menampung keperluan hidup dan masih ada duit lebih utk berbelanja.

    masa zaman 60an dulu, gaji murah jer (cth gaji cikgu laa). tapi kalau kumpul selama 7-8 bulan, dah boleh beli keta… cash lagi beb…. alfa romeo lak tuu.

    cuba zaman skang nii, kumpul gaji 3 tahun pun lum tahu leh beli keta import. kancil dha bleh laa.

    kita yg sbg org makan gaji nii perlu bertindak sesuatu utk menaikkan tingkat gaji kita. contoh nye, mari laa beramai2 cari keje tmpt lain. hehehehhehe

  • sipuri
    June 20, 2008

    A good post..dan..errr..rasa macam saya tak patriotic pulak sebab saya guna Shell selama ini..

  • jaja behh
    June 20, 2008

    thanx for sharing with us , mmg dari dulu setia dgn petronas

  • faez
    June 21, 2008

    bro eddrya. penah dgr petrofac tak? ape tue ea?

  • eddyra
    June 21, 2008

    Petrofac Malaysia ni operator untuk Cendor field di Block PM304, dengan Petronas Carigali, Kuwait Foreign Petroleum Exploration Company and PetroVietnam..

    Nak join ke?

  • faez
    June 21, 2008

    o. ye ke? kalau saya cume ader dip in mechanical eng. bule join ke? hehehe.

  • Manntia
    June 22, 2008

    [quote comment="3680"]Petrofac Malaysia ni operator untuk Cendor field di Block PM304, dengan Petronas Carigali, Kuwait Foreign Petroleum Exploration Company and PetroVietnam..

    Nak join ke?[/quote]

    Bro banyak kosong ke Petrofac…Camne nak join?.Desperate
    giler nie…

  • eddyra
    June 23, 2008

    Nak join Petrofac Malaysia cuba lah apply jangan malu-malu..

    PETROFAC (MALAYSIA-PM304) LIMITED
    Level 49, Tower 2, Petronas Twin Towers
    Kuala Lumpur City Centre, 50088 Kuala Lumpur
    Fax: +603-2382 2701/02
    Attn: HR & Admin Manager
    petrofacmalaysia@petrofac.com

  • azwanhadzree
    June 24, 2008

    interesting post.

    there’s nothing wrong to take away the subsidy, but doing it so sudden at the time when everything is going up and when plan B looks shaky .. is not good.

  • aku_naik_minyak
    June 25, 2008

    bro, this article doesn’t explain the formula under the Automatic Pricing Mechanism. Do u have any link or info on this formula so we all could understand it better..?? thus we can judge whether the price hike is a good or bad decision.. nway,its a good article nonetheless..

  • eddyra
    June 25, 2008

    aku_naik_minyak,

    I believe this article written by someone in Petronas who knows about the up down of petronas business. At least we know something here.

    I am sorry i dont have the link .. one day we’ll get it. If you have please share with us.

    Thank bro.

  • abdullah bin ali
    June 25, 2008

    Molek lah tu barang naik, sebab ramai rakyat Msia tidak pandai bersyukur dengan nikmat yang Allah beri. Harta banyak pun benci buat kebajikan. Begitulah bila manusia tidak sanggup ikut hukum Allah…. Rasalahhhh… anak dunia akhir zaman.

  • eddyra
    June 25, 2008

    [quote comment="3720"]Molek lah tu barang naik, sebab ramai rakyat Msia tidak pandai bersyukur dengan nikmat yang Allah beri. Harta banyak pun benci buat kebajikan. Begitulah bila manusia tidak sanggup ikut hukum Allah…. Rasalahhhh… anak dunia akhir zaman.[/quote]

    Ada perkara yang perlu kita fikirkan.. ada perkara yang perlu terjadi untuk membuatkan kita insaf. Lagi tak berlaku kita tak akan sedar.

  • altantuyo
    June 26, 2008

    I see now why all the bad news about petronas. If petronas leaders is really flying around in personal jets, the pembangkang surely has posted emails and blogs with the pictures of the said jet and person.
    I am more surprised why nobody had said anything about PLUS or any other toll company??

    Thanks and Regards From,

    THINGS HAPPEN NOT WITHOUT A REASON OR TWO! PETRONAS BASHING IS ORCHESTRATED. THE TARGET IS NOT PETRONAS. THATS WHAT THEY WANT EVERYBODY TO THINK. THE TARGET IS TAN SRI HASSAN MARICAN, PRESIDENT CEO OF PETRONAS. BEFORE I ANSWER YOUR QUESTION WHY, LET ME TAKE YOUR BACK A FEW YEARS.

    IMMEDIATELY AFTER PAK LAH TOOK OVER FROM DR.M AS PM ON 31.10.2003, A SMALL CONSULTING FIRM NAMED BINA FIKIR WAS INVITED TO MAKE A PRESENTATION TO PAK LAH TO PRESENT THEIR VIEWS OF MALAYSIAN ECONOMIC SITUATION BACK THEN. SUBSEQUENT EVENTS LEAD TO ANOTHER SOON THEY WERE MEETING EVERY OTHER DAY, OF COURSE ALL THESE WITH THE HELP FROM KJ, PM SON-IN-LAW. THERE WERE SO MANY PROPOSALS FROM BINA FIKIR THAT EVEN THE GOVERNMENT SENIOR OFFICERS JUST COULD’T KEEP UP.

    MEANWHILE, A PLAN WAS HATCHED TO TELL THE MALAYSIAN THAT THERE IS NO MORE MONEY IN TREASURY SO ALL PROJECTS ARE HALTED INCLUDING DOUBLE-TRACKING, SINGAPORE CROOKED BRIDGE AND MANY MANY MORE!

    BUT PAK LAH TELLS MALAYSIAN THAT AN ACTION PLAN IS IN PLACE AS HE CALL FOR ELECTION IN MARCH 2004. MR. CLEAN WON THE ELECTION IN 2004 BY BREAKING RECORDS FOR UMNO AS WELL AS BARISAN.

    EARLIER NEWSPAPER REPORT WAS FOCUSING ON KHAZANAH NASIONAL BERHAD PERFORMANCE AND AFTER SEVERAL COLLECTIVE COMMENTS ON KHAZANAH, PAK LAH ANNOUNCED THAT THE MD, DATUK ANWAR AJI, OF KHAZANAH IS TO BE REPLACED BY AZMAN MOKHTAR ON JUNE 1 2004, BARELY 2 MONTHS AFTER ELECTION.

    AZMAN WAS THE BRAIN AND MD OF BINA FIKIR. DATUK ANWAR WAS GIVEN CHAIRMAN OF FABER GROUP BERHAD. IT WAS PLANNED SO WELL THAT PEOPLE HARDLY NOTICED. KJ WAS SUCCESSFUL IN PLANTING HIS PEOPLE AT KHAZANAH NASIONAL BERHAD AND NOW HAVE ACCESS TO ALL THE ASSETS OF KHAZANAH. KHAZANAH PASSIVE POLICY ON ITS INVESTMENTS WERE CHANGED ALMOST OVERNIGHT.

    THEY WERE ALLOWED TO USED THEIR ASSETS AS SECURITIES TO RAISE MONIES FOR INVESTMENTS OVERSEAS. INVEST THEY DID INTO THE BILLIONS OF RINGGIT THRU CERTAIN INVESTMENT ADVISORS WHICH MAKES TONS ON AVISORY SERVICES. PERSONAL GREED IS DIFFICULT TO SATISFY!

    PETRONAS IS BY FAR THE RICHEST COMPANY AND MOST PROFITABLE IN MALAYSIA . PETRONAS HAS WON SEVERAL ACCOLADES AS THE BEST MANAGED COMPANY TOO. AND TAN SRI HASSAN MARICAN IS A TOUGH NUT TO CRACK. TO REPLACE HASSAN IS NOT AN EASY TASKS. SO WHEN THE OPPORTUNITY COMES, KJ & CO TOOK FULL ADVANTAGE TO BASH PETRONAS.

    USING MASS MEDIA WHICH HE CONTROLS, USING MANY BLOOGERS TO PLANT HATE MAILS INTO VARIOUS LOCAL SITES AND EVEN TO THE EXTENT OF SPREADING SMSes SENT NATIONWIDE TO BOYCOTT PETRONAS STATIONS AND PRODUCTS, HE IS SEEING THE DESIRED RESULTS.

    HE FURTHER ATTACK PETRONAS FOR NOT BEING TRANSPARENT IN THE ANNUAL ACCOUNTS, WHICH IS STRANGE BECAUSE KHAZANAH NASIONAL DO NOT EVEN PUBLISH ITS ANNUAL ACCOUNT. IT IS PETRONAS IS BEING BASHED.

    TAN SRI HASSAN CAME OUT DEFENDING PETRONAS SAYING ACCOUNTS ARE AVAILABLE, ONLY CERTAIN PEOPLE REFUSES READ IT! NEVeR BEFORE HAS TAN HASSAN HAVE TO COME DEFEND HIMSELF. DEFEND HE DID, HE TRIED, BUT HASSAN DO NOT HAVE THE POWER KJ HAS. SILLY ALLEGATIONS WERE THROWN AT PETRONAS ALL WITH EVIL INTENTION TO MAKE PEOPLE ANGRY AT HASSAN FOR THE FUEL HIKE WHICH WAS ACTUALLY A GOVERNMENT DECISION.

    THE MODUS OPERANDI WAS SIMILAR TO KHAZANAH NASIONAL, BUT PETRONAS SEEM MORE DIFFICULT. MORE ATTEMPTS TO UNSEAT HASSAN WILL BE PLAN BY THESE GREEDY PEOPLE, AND ALL THEY NEED IS A WRONG MOVE BY HASSAN. SO FAR HE HAS DONE NONE OF IT.

    ONCE THEY WIN, THEY WILL REPLACE HASSAN WITH THEIR OWN PEOPLE AND PETRONAS MONEY (OUR MONEY) WILL BE AT THEIR DISPOSAL!
    SOME ONE MUST STOP THESE CULPRITS. AND DON’T SAY I DID NOT FOREWARN YOU.

    BARBARIAN AT THE GATES OF PETRONAS!

    DISCLAIMER : This e-mail and any files transmitted with it (“Message”) is intended only for the use of the recipient(s) named above and may contain confidential information. You are hereby notified that the taking of any action in reliance upon, or any review, retransmission, dissemination, distribution, printing or copying of this Message or any part thereof by anyone other than the intended recipient(s) is strictly prohibited. If you have received this Message in error, you should delete this Message immediately and advise the sender by return e-mail. Opinions, conclusions and other information in this Message that do not relate to the official business of PETRONAS or its Group of Companies shall be understood as neither given nor endorsed by PETRONAS or any of the companies within the Group.

  • eddyra
    June 26, 2008

    [quote comment="3730"]I see now why all the bad news about petronas. If petronas leaders is really flying around in personal jets, the pembangkang surely has posted emails and blogs with the pictures of the said jet and person.
    I am more surprised why nobody had said anything about PLUS or any other toll company??

    Thanks and Regards From,

    THINGS HAPPEN NOT WITHOUT A REASON OR TWO! PETRONAS BASHING IS ORCHESTRATED. THE TARGET IS NOT PETRONAS. THATS WHAT THEY WANT EVERYBODY TO THINK. THE TARGET IS TAN SRI HASSAN MARICAN, PRESIDENT CEO OF PETRONAS. BEFORE I ANSWER YOUR QUESTION WHY, LET ME TAKE YOUR BACK A FEW YEARS.

    IMMEDIATELY AFTER PAK LAH TOOK OVER FROM DR.M AS PM ON 31.10.2003, A SMALL CONSULTING FIRM NAMED BINA FIKIR WAS INVITED TO MAKE A PRESENTATION TO PAK LAH TO PRESENT THEIR VIEWS OF MALAYSIAN ECONOMIC SITUATION BACK THEN. SUBSEQUENT EVENTS LEAD TO ANOTHER SOON THEY WERE MEETING EVERY OTHER DAY, OF COURSE ALL THESE WITH THE HELP FROM KJ, PM SON-IN-LAW. THERE WERE SO MANY PROPOSALS FROM BINA FIKIR THAT EVEN THE GOVERNMENT SENIOR OFFICERS JUST COULD’T KEEP UP.

    MEANWHILE, A PLAN WAS HATCHED TO TELL THE MALAYSIAN THAT THERE IS NO MORE MONEY IN TREASURY SO ALL PROJECTS ARE HALTED INCLUDING DOUBLE-TRACKING, SINGAPORE CROOKED BRIDGE AND MANY MANY MORE!

    BUT PAK LAH TELLS MALAYSIAN THAT AN ACTION PLAN IS IN PLACE AS HE CALL FOR ELECTION IN MARCH 2004. MR. CLEAN WON THE ELECTION IN 2004 BY BREAKING RECORDS FOR UMNO AS WELL AS BARISAN.

    EARLIER NEWSPAPER REPORT WAS FOCUSING ON KHAZANAH NASIONAL BERHAD PERFORMANCE AND AFTER SEVERAL COLLECTIVE COMMENTS ON KHAZANAH, PAK LAH ANNOUNCED THAT THE MD, DATUK ANWAR AJI, OF KHAZANAH IS TO BE REPLACED BY AZMAN MOKHTAR ON JUNE 1 2004, BARELY 2 MONTHS AFTER ELECTION.

    AZMAN WAS THE BRAIN AND MD OF BINA FIKIR. DATUK ANWAR WAS GIVEN CHAIRMAN OF FABER GROUP BERHAD. IT WAS PLANNED SO WELL THAT PEOPLE HARDLY NOTICED. KJ WAS SUCCESSFUL IN PLANTING HIS PEOPLE AT KHAZANAH NASIONAL BERHAD AND NOW HAVE ACCESS TO ALL THE ASSETS OF KHAZANAH. KHAZANAH PASSIVE POLICY ON ITS INVESTMENTS WERE CHANGED ALMOST OVERNIGHT.

    THEY WERE ALLOWED TO USED THEIR ASSETS AS SECURITIES TO RAISE MONIES FOR INVESTMENTS OVERSEAS. INVEST THEY DID INTO THE BILLIONS OF RINGGIT THRU CERTAIN INVESTMENT ADVISORS WHICH MAKES TONS ON AVISORY SERVICES. PERSONAL GREED IS DIFFICULT TO SATISFY!

    PETRONAS IS BY FAR THE RICHEST COMPANY AND MOST PROFITABLE IN MALAYSIA . PETRONAS HAS WON SEVERAL ACCOLADES AS THE BEST MANAGED COMPANY TOO. AND TAN SRI HASSAN MARICAN IS A TOUGH NUT TO CRACK. TO REPLACE HASSAN IS NOT AN EASY TASKS. SO WHEN THE OPPORTUNITY COMES, KJ & CO TOOK FULL ADVANTAGE TO BASH PETRONAS.

    USING MASS MEDIA WHICH HE CONTROLS, USING MANY BLOOGERS TO PLANT HATE MAILS INTO VARIOUS LOCAL SITES AND EVEN TO THE EXTENT OF SPREADING SMSes SENT NATIONWIDE TO BOYCOTT PETRONAS STATIONS AND PRODUCTS, HE IS SEEING THE DESIRED RESULTS.

    HE FURTHER ATTACK PETRONAS FOR NOT BEING TRANSPARENT IN THE ANNUAL ACCOUNTS, WHICH IS STRANGE BECAUSE KHAZANAH NASIONAL DO NOT EVEN PUBLISH ITS ANNUAL ACCOUNT. IT IS PETRONAS IS BEING BASHED.

    TAN SRI HASSAN CAME OUT DEFENDING PETRONAS SAYING ACCOUNTS ARE AVAILABLE, ONLY CERTAIN PEOPLE REFUSES READ IT! NEVeR BEFORE HAS TAN HASSAN HAVE TO COME DEFEND HIMSELF. DEFEND HE DID, HE TRIED, BUT HASSAN DO NOT HAVE THE POWER KJ HAS. SILLY ALLEGATIONS WERE THROWN AT PETRONAS ALL WITH EVIL INTENTION TO MAKE PEOPLE ANGRY AT HASSAN FOR THE FUEL HIKE WHICH WAS ACTUALLY A GOVERNMENT DECISION.

    THE MODUS OPERANDI WAS SIMILAR TO KHAZANAH NASIONAL, BUT PETRONAS SEEM MORE DIFFICULT. MORE ATTEMPTS TO UNSEAT HASSAN WILL BE PLAN BY THESE GREEDY PEOPLE, AND ALL THEY NEED IS A WRONG MOVE BY HASSAN. SO FAR HE HAS DONE NONE OF IT.

    ONCE THEY WIN, THEY WILL REPLACE HASSAN WITH THEIR OWN PEOPLE AND PETRONAS MONEY (OUR MONEY) WILL BE AT THEIR DISPOSAL!
    SOME ONE MUST STOP THESE CULPRITS. AND DON’T SAY I DID NOT FOREWARN YOU.

    BARBARIAN AT THE GATES OF PETRONAS!

    DISCLAIMER : This e-mail and any files transmitted with it (“Message”) is intended only for the use of the recipient(s) named above and may contain confidential information. You are hereby notified that the taking of any action in reliance upon, or any review, retransmission, dissemination, distribution, printing or copying of this Message or any part thereof by anyone other than the intended recipient(s) is strictly prohibited. If you have received this Message in error, you should delete this Message immediately and advise the sender by return e-mail. Opinions, conclusions and other information in this Message that do not relate to the official business of PETRONAS or its Group of Companies shall be understood as neither given nor endorsed by PETRONAS or any of the companies within the Group.[/quote]

    lets check..

  • titan
    June 28, 2008

    Aku no comment la pasal minyak ni. Keje je lebih. Dapat duit lebih. Leh recover duit minyak.

  • manntia
    June 29, 2008

    Nak join Petrofac Malaysia cuba lah apply jangan malu-malu..

    PETROFAC (MALAYSIA-PM304) LIMITED
    Level 49, Tower 2, Petronas Twin Towers
    Kuala Lumpur City Centre, 50088 Kuala Lumpur
    Fax: +603-2382 2701/02
    Attn: HR & Admin Manager
    petrofacmalaysia@petrofac.com

    Dah apply pun.. Thanks.. Kalau ader rezeki..Insyaallah
    Bro Eddyra tanya sikit… Project Engineer kat Company MMHUCC..like Sarku Engineering tu camne yeak keja dia?

  • eddyra
    June 30, 2008

    manntia,

    Hari ini di Sarku Engineering TIDAK ADA project engineer, yang ada cuma workpack engineer, QAQC engineer, Planning engineer. Kalau dulu masa HUC project memang ada.

    Project engineer utk HUC, secara basic la yer, monitor onshore dan offshore work. Liase dengan client hari-hari.

    Platform atau platform module di load out ke offshore, sampai di sana contractor akan naikkan module tersebut dan tie-in work (pipe and structural) pun akan start.

    Semua kerja ada target, dia perlu siapkan installation tie-in dalam time frame sebab drilling nak masuk pulak. Bila piping tie-in, structural semua dah OK baru boleh commissioning. Itu yang di panggil HUC – Hook Up and Commissioning.

    lebih kurang gitu lah..

  • Manntia
    June 30, 2008

    Bro Eddyra.

    Tima Kasih for the the details explanation. Bro kerja kat sini ke?. Pelik ler…
    nanti ler saya ANTAR e-mail kat Bro.. hmanntia@gmail.com

  • eddyra
    July 1, 2008

    [quote comment="3791"]Bro Eddyra.

    Tima Kasih for the the details explanation. Bro kerja kat sini ke?. Pelik ler…
    nanti ler saya ANTAR e-mail kat Bro.. hmanntia@gmail.com[/quote]
    Memang di Sarku Engineering Sdn Bhd di Kemaman TIDAK ADA Project Engineer! Confirm takde, cuma intake terbaru ni baru ada position Project Engineer untuk Jakarta dan Miri, kat India pun ada.

    So dengar cerita Sarku Kemaman akan menerima lebih kurang 4-5 project engineers dalam masa terdekat. Sapuracrest memang sedang mencari 200 lebih engineer.. cuba-cuba lah.. dan engineers ni akan assist workpack engineer.


    test paste image inside comment box

    Good luck.

  • manntia
    July 2, 2008

    Bro Eddyra

    Thanks.

  • eddyra
    July 2, 2008

    No problem manntia.. welcome to Kemaman.

  • manntia
    July 2, 2008

    “…Sapuracrest memang sedang mencari 200 lebih engineer.. cuba-cuba lah..
    dan engineers ni akan assist workpack engineer”.

    Bro Eddyra

    Workpack Engineer?. Your explanation is highly appreciated.

  • eddyra
    July 2, 2008

    Workpack engineer workscope is to prepare the workpack and workscoping package. He/She shall prepare workpack package which consist of manpower, equipment, consumable and materials. Workpack package consist of technical and commercial value, so he/she shall combine all price for manpower, equipment, consumable and materials for specific WORK. So client and contractor can see the cost of the WORK.

    He/she also need to prepare job card, JSA, procedure, site monitoring, liase with client on day to day basis.. apa lagi ehh.. so many thing to do la.

    In other word, workpack engineer can be project engineer jugak lah..

  • manntia
    July 3, 2008

    Bro Eddyra.

    Sorry byk tanya soalan2 bodo. Berikut adalah aktiviti masa Pipeline End Preparation for Welding Stage. (ye ke?)
    1. Bevelling.
    Q: Equipment ape required utk aktiviti ini?
    Q: Bole tlg explain Pipe Face Machine punya function tak?

    2. Pre-Heat
    Q: Equipment apa required utk aktiviti ini?

  • eddyra
    July 3, 2008

    wahahah.. kena bayar consultancy fee ni..
    nanti saya terangkan.

  • eddyra
    July 3, 2008

    [quote comment="3834"]Bro Eddyra.

    Sorry byk tanya soalan2 bodo. Berikut adalah aktiviti masa Pipeline End Preparation for Welding Stage. (ye ke?)
    1. Bevelling.
    Q: Equipment ape required utk aktiviti ini?
    Q: Bole tlg explain Pipe Face Machine punya function tak?

    2. Pre-Heat
    Q: Equipment apa required utk aktiviti ini?[/quote]

    cuba tengok kat site saya ni..
    http://oilgasfield.com/onshore-fabrication.html

  • manntia
    July 3, 2008

    Bro Eddyra.

    Hidup Bro Eddyra.. semoga murah rezeki (tak teringin nak dpt hero ke).. panjang
    umur.. Amin.

    website tu bro punya gak ke?.

    A million thanks

  • eddyra
    July 3, 2008

    [quote comment="3846"]Bro Eddyra.

    Hidup Bro Eddyra..semoga murah rezeki (tak teringin nak dpt hero ke)..panjang
    umur..Amin.

    website tu bro punya gak ke?.

    A milloin thanks[/quote]

    yep saya punya la tu.. tak siap-siap lagi..

  • manntia
    July 7, 2008

    “yep saya punya la tu.. tak siap-siap lagi..http://oilgasfield.com

    Bro Eddyra
    Saya dah surf website nie…A lot of great info inside. So kalau DPT download sample equipment format, MTO sample format etc..yg ada sample format tu.. kira perfect ler link tu Hehehe…So newcomer yg nak join O&G industry as a Project Engineer/ Workpack Engineer nie at least get some idea apa yg diaorg kena buat bila dah start keja..even though training will be provided.

    Keep up the GOOD work Bro.

  • dollah sial
    July 15, 2008

    WHAT IS NEVER MENTIONED IN Mainstream Media like NST / TheStar / Utusan / BH are these facts….

    Malaysian PerCapita Income USD 5000
    Vs
    Singaporean PerCapita Income USD 25000

    Further The Star made a comparison of prices in Thailand , Singapore and Indonesia .

    For Thailand it is quoted at RM3.90/liter, however are they aware that in Thailand new cars are cheaper than Malaysia by RM10,000? They pay only one life time for their driving license? No renewal fee after that? Also that goes for road tax as well? And do The Star also aware that you can drive all the way from Hadtyai to Bangkok on a six lane highway without paying any Tolls ??!!

    Whereas here in Malaysia you have to pay yearly renewal for road tax, driving license and TOLLS, TOLLS, TOLLS!!!

    For Singapore how can you quote RM 5.20 ? Please quote in Singapore Dollars because they are earning in Sing Dollars. You might as well say Europeans are paying RM10/liter. RM5.20/liter = Sing $ 2.20/liter, still cheaper than Malaysia in view of fact that Singapore is not a crude oil exporter. Are you saying that you fill up petrol in Singapore by paying Ringgit?

    In economy, dollar to dollar must be compared as apple to apple. Not comparing like durian in M’sia is much cheaper than durian in Japan!! Of course-lah, Japan is not durian producer!!! Comparing Malaysian durian with Thailand durian make more sense!!

    For Indonesia we might say is cheaper there at RM2.07/liter but compare that to their level of income!

    Now, let us compare the price with OIL PRODUCING countries:

    UAE – RM1.19/litre
    Eygpt – RM1.03/litre
    Bahrain – RM0.87/litre
    Qatar – RM0.68/litre
    Kuwait – RM0.67/litre
    Saudi Arabia – RM0.38/litre
    Iran – RM0.35/litre
    Nigeria – RM0.32/litre
    Turkmenistan – RM0.25/litre
    Venezuela – RM0.16/litre
    MALAYSIA – RM2.70/litre

    RM 2.70!!! Individual perspective:

    As of last month a Toyota Vios would ’cause a damage’ of about RM 89,000.
    In the international market, a Toyota Vios is about USD 19,000
    USD 19,000 = RM 62,700 (using the indicative rates of USD 1 = RM 3.30)

    That makes Malaysian Vios owners pay an extra RM 26,300.

    This RM 26,300 should be cost of operations, profit and tax because the transportation costs have been factored in to the USD 19,000.

    RM 26,300/ RM625 petrol rebate per year translates to a Vios being used for 42.08 years.

    I do understand that the RM 625 is a rebate given by the government, but it also means that one has to use the Vios for 42.08 years just to make back the amount paid in taxes for the usage of a foreign car. Would anyone use any kind of car for that long?

    Now with these numbers in front of us, does the subsidy sound like a subsidy or does it sound like a penalty? This just seems to be a heavy increment in our daily cost of living as we are not only charged with high car taxes but also with a drastic increase in fuel price.

    With all the numbers listed out, I urge all Malaysians to join me in analyzing the situation further.

    Car taxation is government profit, fuel sales is Petronas’ (GLC) profit which also translates into government profit. The government may ridicule us Malaysians by saying look at the world market and fuel price world wide. Please, we are Malaysians, we fought of the British, had a international port in the early centuries (Malacca), home to a racially mixed nation and WE ARE NOT STUPID!!!

    We know the international rates are above the USD 130/barrel. We understand the fact that the fuel prices are increasing worldwide and we also know that major scientist are still contradicting on why this phenomenon is happening. Some blame Bush and his plunders around the world and some blame climate change and there are others which say petroleum ‘wells’ are getting scarce.

    Again we go back to numbers to be more straight fwd

    1 barrel = 159 liters x RM2.70/liter = RM 429 or USD 134

    On 1 hand, we are paying the full cost of 1 barrel of crude oil with RM2.70 per liter but on the other hand the crude oil only produces 46% of fuel.

    Malaysia sells crude oil per barrel at USD130 buys back Fuel per barrel at USD134. And not forgetting, every barrel of fuel is produced with 2 barrels of crude oil.

    1 barrel crude oil = produce 46% fuel (or half of crude oil), therefore
    2 barrel crude oil = approximately 1 barrel fuel

    In other words, each time we sell 2 barrels of crude oil, equivalently we will buy back 1 barrel of fuel.

    Financially, Malaysia sell 2 barrel crude oil @ USD 130/barrel = USD 260 = RM 858
    then, Malaysia will buy back fuel @ USD 134/barrel = RM 442/barrel

    Thus, Malaysia earn net extra USD 126 = RM 416 for each 2 barrel of crude sold/exported vs imported 1 barrel of fuel !!!

    (USD 260-134 = USD 126 = RM416)

    So where this extra USD 126/barrel income is channeled to by Malaysian Govt?????????

    Another analysis:

    1 barrel crude oil = 159 liters.
    46-47% of a barrel of crude oil = fuel that we use in our vehicles.
    46% of 159 = 73.14 liters.

    @ RM 2.70/liter x 73.14 liter = RM197.48 of fuel per barrel of crude oil. This is only 46% of the barrel, mind you. Using RM 3.30 = USD 1, we get that a barrel of crude oil produces USD 59.84 worth of petrol fuel (46% of 1barrel).

    USD 59.84 of USD 130/barrel turns out to be 46% of a barrel as well.

    Another 54% = bitumen, kerosene, and natural gases and so many more. And this makes a balance of USD 70.16 that has not been accounted for.

    So this is where I got curious. Where is the subsidy if we are paying 46% of the price of a barrel of crude oil when the production of petrol/barrel of crude oil is still only 46%?

    In actual fact, we still pay for this as they are charged in the forms of fuel surcharge by airlines and road taxes for the building of road (because they use the tar/bitumen) and many more excuse charging us but let us just leave all that out of our calculations.

    As far as I know, only the politicians who live in Putrajaya and come for their Parliament meetings in Kuala Lumpur (approximately 60+ km) are the ones to gain as they claim their fuel and toll charges from the money of the RAKYAT’s TAX.

    It is so disappointing to see this happen time and time again to the Malaysian public, where they are deceived by the propaganda held by the politicians and the controls they have over the press.

    Which stupid idiot economist equates rebates for rich or poor with the cc of the vehicles? An average office clerk may own a second hand 1300cc proton Iswara costing $7,000 (rebate = $625) while the Datuk’s children can own a fleet of 10 new cars of BMW, Audi and Volvo all less than 2000cc costing $2 millions and get a total rebate of $625 x 10 = $6,250! Wow what kind of economists we are keeping in Malaysia…wonder which phD certificate that they bought from…

    Misleading concept of Subsidy:

    The word “subsidy” has been brandished by the BN government as if it has so generously helped the rakyat and in doing so incurred losses.

    This simple example will help to explain the fallacy:

    Example:

    Ahmad is a fisherman. He sells a fish to you at $10 which is below the market value of $15. Let’s assume that he caught the fish from the abundance of the sea at little or no cost. Ahmad claims that since the market value of the fish is $15 and he sold you the fish for $10, he had subsidised you $5 and therefore made a loss of $5.

    Question : Did Ahmad actually make a profit of $10 or loss of $5 which he claimed is the subsidy?

    Answer:
    Ahmad makes a profit of $10 which is the difference of the selling price ($10) minus the cost price ($0 since the fish was caught from the abundance of the sea). There is no subsidy as claimed by Ahmad.

    The BN government claims that it is a subsidy because the oil is kept and treated as somebody else’s property (you know who). By right, the oil belongs to all citizens of the country and the government is a trustee for the citizens. So as in the above simple example, the BN government cannot claim that it has subsidised the citizen!

  • Tengku Juliana
    July 22, 2008

    Assalamualaikum bro eddyra, lupa nak tanya. mcmana nak apply kerja kat port kemaman atau kuantan? kalau tahu tlg bantu ya.

  • eddyra
    July 27, 2008

    [quote comment="4123"]Assalamualaikum bro eddyra, lupa nak tanya. mcmana nak apply kerja kat port kemaman atau kuantan? kalau tahu tlg bantu ya.[/quote]
    Kuantan Port:

    Kuantan Port Consortium Sdn. Bhd.
    Human Resource Department
    Wisma KPC, KM 25, Tanjung Gelang
    P.O. Box 199
    25720 Kuantan,Pahang
    Malaysia
    Tel: 09-5863888 Fax: 09-5863729

    Kemaman Port:
    Address as above.. administrator yang sama.

  • ringgit malaysia
    July 31, 2008

    bersedia atau tidak !!! bolos sajer dinding ituuuu!!!!

  • azmir
    August 6, 2008

    klu kije kt port ada x kije yg berkaitan dgn lab??

  • eddyra
    August 6, 2008

    [quote comment="4303"]klu kije kt port ada x kije yg berkaitan dgn lab??[/quote]
    so far tidak pernah dengar.. tak sure kalau ada..

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    November 14, 2011

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