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Thursday, April 05, 2012

Answering allegation against Petrosaudi


The following is a July 4th., 2011 article published as a favour for a friend.

It is meant to dispel allegations made against 1MDB that it's partner, Petrosaudi is a company with dubious operations. On the contrary, PetroSaudi have offices in Saudi Arabia, England and Switzerland. It has developed a worldwide reputation and developed partnership in many countries.

The Chnese version of the article to precede, and followed by the English translated version. As for the Tamil version, still looking for a translator. Volunteer can leave contact in commentary box.

Hope it answers the allegations.

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1MDB与沙地石油公司合作巩固沙地马沙两国的关系

近来一个马来西亚发展有限公司(1MDB)与沙地石油国际公司的合作关系频频受到诋毁。

有人根据误导概念指控沙地石油公司是一个不可靠的运作公司,罔视实情:它是一家知名公司,在沙地阿拉伯、英国和瑞士都有办事处及具有强大的网络。

事实上,反对党是对的:沙地石油公司已崛起成为世界知名的首选伙伴,与国际主要石油公司多有联营。

以下是两宗近来涉及沙地石油公司的事件,唯很多马来西亚人却忘记了。

月前,埃及发生政局动荡,沙地石油公司主席图尔基阿尔沙务王子借出两架波音747飞机,把马来西亚人从沙地阿拉伯载送回国。这是基于马来西亚与阿地阿拉伯国家拥有特殊历史渊源。

沙地石油公司总执行长达叻奥巴埃(Tarek E. Obaid)说,他们是代表该公司与沙地皇室成员而这么做的,这同时也表现出沙地石油公司对马来西亚的长期承诺。图尔基王子是沙地阿拉伯阿都拉国王的儿子。

这家勘探与生产石油的公司由沙地皇家成员持有,它是中东投资于马来西亚的媒体,与马来西亚政府全资的一个马来西亚发展有限公司合资87亿令吉。
在今年3月,阿都拉国王委派沙地阿拉伯的国家安全理事会秘书长班达苏丹阿都阿兹阿尔昭务亲王以特别使节身分捎来几个重要讯息,进一步巩固沙地阿拉伯与马来西亚的长期合作伙伴关系。

配合班达亲王的到来,沙地阿拉伯还缴付了额外的8150万美元(2亿4719万令吉)现金利润予一个马来西亚发展有限公司。

显然,沙地阿拉伯公司不是一个可疑的机构。它有良好的营运纪录,同时他们为“我们理解国际环境的独特挑战,我们与众不同的是我们以特有的敏感度,我们做生意的方式是投资在人民也投资在国家”,引以为荣。

他们在网站中指出:“我们在我们的工作中承诺维持最高的环保标准。”

它说:“沙地石油国际公司是一个私营的勘探与生产石油公司,在沙地阿拉伯、英国与瑞士都有公司。它在2005年创办,我们从引人瞩目的跨国项目中,为未来的能源领域铺路。

“沙地石油公司涉及世界各地能源生产领域的石油与天然气项目。我们明白诠释能源工业的多元全球生态,而我们与众不同的是我们与我们做生意的国家维持,以团队合作、经验、对当地文化和习俗的敏感度,来维持良好的关系。我们建立强大的国际网络,带我们晋入21世纪。”

2005年,沙地石油公司由达立依桑阿末奥巴埃与私人投资者创办。沙地石油公司荟萃了国际石油与天然气领域的一支举足轻重与饶富经验的核心领袖。他们可达致该公司的策略目标、解决21世纪上游的石油与天然气领域的诸多挑战。

显而易见,沙地石油公司并不是一些人所描绘的“凭空冒起”的。

“沙地石油公司投资在世界最重要的能源生产国的多元勘探项目。根据我们目前的劳动方针,我们已建造了相当大的内部地质科学、业务和商业能力,以及与深获认可的外部专家建立良好的关系。

“沙地石油公司处理的是趸售和购买天然气、液化石油气、喷气、喷气燃料、化工原料和汽油。我们已建立起一个多样化的能源组合,包括电子、生物燃料和环保产品。我们的目标是建造一个大规模、高素质发展和勘探的上游石油和天然气资产。

一个马来西亚发展有限公司曾说过,一个马来西亚发展有限公司与沙地石油公司的合资是其中一个较大的局观,以为马来西亚招徕数以亿计的外资。这是一个对一个马来西亚发展有限公司的长期投资架构,以维持它在合资中的利益。

尽管如此,造谣者仍然使用错误的讯息来抹黑一个马来西亚发展有限公司的名声。

去年,反对党国会议员潘俭伟说,一个马来西亚发展有限公司在2009/2010财政年的4亿2500万令吉盈利纪录,有“从左手到左手”的成分,包括广为人知的2011年6月新街场空军基地的转名交易。

针对这个课题,网络部落客Taikors and Taikuns说:“在大多数国家,类似的错误讯息总会引起 舆论压力,原告也极有可能被促下台,唯马来西亚人却似乎能够容忍反对党如是无中生有的指控。

在9月20日,反对党领袖安华依布拉欣作出另一项指控,指一个马来西亚发展有限公司永远看不到天日。

显而易见,他在中伤和散播有关沙地石油公司的误导讯息,唯一能够理解的原因,是为损坏沙地阿拉伯和马来西亚间的友好与信任。

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The English translated version:

Monday, 04 July 2011 09:33

1MDB-PetroSaudi Partnership Underscores Strong Ties Between Saudi Arabia and Malaysia

1Malaysia Development Berhad has been under attack by its detractors over its partnership with PetroSaudi International Limited.

Allegations were based on a misguided notion that PetroSaudi is a dubious operation, disregarding the fact that this is a reputed company with offices in Saudi Arabia, England and Switzerland with a strong international network.

In actual fact, the opposite is true and PetroSaudi has developed a worldwide reputation as a partner of choice, working in alliances with major international oil companies.

Here’s a quick reminder on two recent events involving PetroSaudi which many Malaysians have forgotten.

During the recent crisis in Egypt, PetroSaudi chairman Prince Turki al-Saud leased two Boeing 747s to bring Malaysians back home from Saudi Arabia after their arrival from crisis-hit Egypt. This was done In the spirit of the special historic ties between Malaysia and Saudi Arabia.

PetroSaudi CEO Tarek E. Obaid said the gesture, made on behalf of the company and the Saudi royal family, demonstrated PetroSaudi’s continued commitment to Malaysia. The prince is a son of King Abdullah of Saudi Arabia.


The oil exploration and production company, owned by the Saudi royal family, is involved in a RM8.7 billion joint venture with government-owned 1 Malaysia Development Bhd (1MDB), a vehicle for Middle East investments in Malaysia.

In March this year, King Abdullah sent Saudi Arabia’s National Security Council secretary-general, Prince Bandar Sultan Abdulaziz Al-Saud, as a special envoy to deliver several key messages further cementing the long-term partnership between Saudi Arabia and Malaysia.

PetroSaudi has paid an additional cash profit of US$81.50 million (RM247.19 million) to the 1MDB in conjunction with Prince Bandar’s visit.

It is clear that PetroSaudi is not a dubious corporation. It has a good track record and takes pride that the company “understands the unique challenges of the international environment, and we distinguish ourselves through a particular sensitivity to and investment in the people and nations where we do business.”


“In addition, we are committed to maintaining the highest environmental standards in our work,” its website said.

TNT visited its website, http://www.petrosaudi.com to shed some light on the company.

It says: “PetroSaudi International is a privately owned oil exploration and production company, with offices in Saudi Arabia, England, and Switzerland. Founded in 2005, we are paving a pathway into the future of the energy industry through compelling multinational projects on the ground and in the marketplace.”

“PetroSaudi is involved in oil and gas projects in energy-producing regions around the world. We understand the complex global systems that define the energy industry and we distinguish ourselves by forging strong relationships in every country we do business. Through teamwork, experience, and sensitivity to local cultures and traditions, we have built a strong international network to carry us into the 21st century.”

PetroSaudi was founded in 2005 by Tarek Essam Ahmad Obaid and private investors. PetroSaudi has brought together a core team of highly regarded and experienced leaders from the international oil and gas industry, well suited to meet our company’s strategic objectives and to address the numerous challenges of the upstream oil and gas sector in the 21st century.

Clearly, PetroSaudi is not a fly-by-night company some people are painting it out to be.

“PetroSaudi is making an investment in our future today through diverse exploration projects in the world’s most important energy-producing regions. Through our current operations, we have built considerable in-house geoscience, operational and commercial capability, and have forged strong relationships with industry-recognized external expertise.”

“PetroSaudi handles the bulk sale and purchase of natural gas, liquefied petroleum gas, jet fuel, chemical feedstocks, and gasoline. We have built a diverse energy portfolio, which includes electricity, biofuels and environmental products. We aim to build a substantive portfolio of upstream oil and gas assets comprising large scale, high quality development and exploration projects”.

1MDB has said the 1MDB-PetroSaudi joint venture is part of a bigger picture to attract multi billion ringgit investment into Malaysia. It has a long-term investment structured for 1MDB to keep its interest in the JV.

Despite the facts, detractors are still relying on false information to discredit 1MDB’s reputation.

Last year, opposition MP Tony Pua said that the RM425 million profit recorded by 1MDB had elements of 'right hand to left hand' deals implying that the FY2009/2010 financial accounts of 1MDB included the much talked about land transfer of the Sunga Besi Airbase. That transfer was only made several months later in June 2011.

TNT, reporting on this subject, has noted: “Whilst in most countries, factual errors like this will lead to public outcry and most probably the resignation of the accusers, Malaysians seem tolerant of the fact of these wild allegations being made by opposition figures.”

Opposition leader Anwar Ibrahim had on September 20th made another accusation that the accounts of 1MDB will never see the light of day.

Now that it has been made public¸ he is casting aspersions and disinformation about PetroSaudi, an act that can only serve to damage the goodwill and trust between Saudi Arabia and Malaysia.

3 comments:

Black Tiger said...

Bro.accoding to my friend. Mr Lopez,there are two PetroSaudi co.One register in Sychelles Island with 100 US dollar paid up.The other one register in Saudi.They use the co that register in Sychelles to do business with 1MDB.

You cannot deny that 1MDB fund bought three co from Taib Familly for 1.7 biiion rgt.After Serawak state election,Taib is vary upset with Najib,The serawak govertment had withdraw a lot of project infra project given to these three co.

You also cannot deny that 1MDB involved in buying derivitive product structure by DeuthBank together with Chartered Bank.They bet against Jap Yen.I think they lost almost 1 billion rgt.

Recently 1 MDB manage o convince Najib that want o o into Energy business.Thay set up a company to buy coal mining.Najib give them 2 billion rgt.The money come from KWAP.(pension fund).They spend the money to buy into two coal co.ABM investama(they bought Pre IPO Cornerstone) they paid 3650 rupia per shares.The fund owned 10 percent.It cost them us 150 m.
They also bought a coal mine in Mogolia spent almost us 350 m.why mongolia.?.a land lock country and the mine can start production only in year 2015.

Recently they bought Ananda Power Plant for 8.5 billion rgt.they borrow 100 percent from Maybank and CIMB.

Bro if you write critically on AA ans MAs deal why dont you have critical analysis on 1MDB.This will be mother of Pan El if anything happen to the world financial crisis.All loan are guarantee by govertment.

Anonymous said...

Black Tiger, yes i totally agree with you. At the rate they are moving at the moment, 1MDB will bring Najib down in no time. A bunch of clueless ex-consultants specialised in IT are now in-charged of investing billion of petronas money.

IMDB advisors include your favourite minister, NMY. CEO of Mubadala is also in the advisory panel. How does Mubadala get involved in 1MDB? Remember Khazanah's project in South Johor aka Iskandar Project? Not only Mubadala put not even a sen into the project, Khazanah bought over Mubadala's portion at a hefty premium after Medini project failed to deliver the minimum IRR to the 3 Arab partners.

Jasper Bloodstone said...

Well, according to reports, Khazanah and Temasek are investing real monies in property developments in Iskandar Malaysia and Singapore.

No imaginary funds here!

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