PETCO Trading Labuan Company Ltd is a Malaysian company incorporated in Labuan and serves as a key trading subsidiary within the PETRONAS Group. It operates under PETRONAS Trading Corporation Sdn Bhd (PETCO), a wholly owned subsidiary of Petroliam Nasional Berhad (PETRONAS), the Malaysian national energy company.
The company's principal activities encompass the marketing, sourcing, trading, and processing of crude oil and petroleum products across multiple regions, including the Asia-Pacific and Far East (East of Suez), as well as the West of Suez, Middle East, and Red Sea areas. It supports PETRONAS's midstream operations by managing supply chains and facilitating international trade in energy commodities.
Additionally, through the PETRONAS Marine brand established in 2020, PTLCL is actively involved in global marine fuel businesses, including LNG bunkering services. It has achieved significant milestones, such as completing the 100th LNG bunkering operation at Johor Port, contributing to Malaysia's position as a leading LNG bunkering hub in Asia.
The entity maintains operational coordination with PETRONAS refineries in Malaysia and trading offices in Kuala Lumpur, with related activities extending to London and Dubai. It also participates in sustainability efforts, including carbon credit trading and collaborations on climate abatement projects.
As an indirect wholly-owned subsidiary of PETRONAS, PTLCL plays a strategic role in the group's energy trading and logistics, enhancing supply security and supporting the industry's shift toward cleaner fuels.
Also known as PETCO Trading Labuan Company Limited and PETCO Trading Labuan.
Revenue up 15% to RM152.4bn; PAT RM27.2bn; CAPEX RM41.4bn and full ownership of PRefChem expected in 2H 2026 amid West Asia conflict-driven volatility.
