The name Petronas is the state owned Malaysian Oil giant, that we see as the major sponsor of the UK’s Lewis Hamilton
[http://www.mercedesamgf1.com/en/]
Petronas is a giant.
One just has to look at Malaysia’s oil production. Today the south east Asian nation produces 657,000 barrels of crude oil a day.
With crude oil at $48 a barrel which equates to £31.73 a barrel.
657,000 barrels of crude oil x £31.73 = £20,846,610
That is £20million a day from Malaysia’s crude reserves.
However, with the falling price of crude oil, countries like Malaysia whose economy is quite dependent on oil exports as a source of income, the falling price of the commodity, means its income stream is falling.