Downstream

• For the first half of 2017, Downstream business recorded an increase in PAT attributable to better petrochemical product spreads as well as higher trading and marketing margins.

• Higher volume recorded from petrochemicals was 4.0 MMT for the first half of 2017 compared to 3.5 MMT in the corresponding period last year, following the commissioning of PETRONAS Chemical Fertiliser Sabah Sdn Bhd (also known as SAMUR) further supported Petrochemical business in capturing favourable products spreads.

• Healthy trading and marketing margin for Crude and Petroleum products mainly driven by focused trading strategies towards high-value activities.

• PETRONAS’ key downstream project continues to progress well with the Pengerang Integrated Complex (PIC) project achieving 70 per cent completion at 30 June 2017 with seven per cent progress during the second quarter of 2017.

• PETRONAS, through its lubricants business unit, the PETRONAS Lubricants Marketing (Malaysia) Sdn Bhd has successfully secured a four-year Supply Contract Renewal from Mercedes Benz through Cycle and Carriage Bintang Berhad.