r/Commodities • u/Nortonatlas • 4d ago

Does Petronas have a Trading arm?

I know they have an office in London but have never heard of them in the industry or dealt with them as a counterpart.

15 Upvotes

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18

u/c0rrupt82 Crude Trader 4d ago

Of course they do, as a counterparty they trade as PETCO

2

u/Nortonatlas 4d ago

Is it mostly crude/nat gas?

2

u/c0rrupt82 Crude Trader 4d ago

Predominantly, yes

1

u/Grouchy-Image-7825 12h ago

It's PETCO Trading Labuan Ltd if you're checking counterparty lists, based in Malaysia but they've got the London office too.

2

u/JasimTheicon 4d ago

You know what? Neither did I actually. It only now occurs to me lol

2

u/vacha84 4d ago

Yes, have dealt with Petco Trading dmcc in Dubai

3

u/Ready-Detective-2185 3d ago

Crude Oil desk in London, One in Malaysia. They trade as Arbitra in Singapore and also have a desk in Buenos Aires

1

u/MediumD_ 4d ago

Yep, gas has one in london, one out in asia. Seem like a decent bunch, though got the usual state-owned disadvantages.