PETRONAS and PERTAMINA. When PETRONAS came into being in the mid 1970’s, PERTAMINA became the example of what a national oil company should become. Oil and gas contracts signed in Malaysia were based on those signed in Indonesia. Since then, while Indonesia is now a net importer of oil and is out of OPEC and PERTAMINA is nowhere to be seen in the world of oil and gas except maybe in their own home ground and a few places here and there, Malaysia continues to be a net exporter of oil and PETRONAS is now at No 80 in the Fortune Global 500 and explores and produces oil and gas all around the globe.
By the way, I found a few websites comparing PETRONAS and PERTAMINA, which are usually written by Indonesians. Here are a couple of them:
http://gaffari-ramadhan.blogspot.com/2008/05/gambar-di-atas-adalah-gedung-petronas.html
http://majarimagazine.com/2007/12/petronas-versus-pertamina/
Source:
http://en.wikipedia.org/wiki/Petronas
http://en.wikipedia.org/wiki/Pertamina
http://money.cnn.com/magazines/fortune/global500
