Tuesday, April 3, 2012

Pinoy take over Esso Malaysia

After ExxonMobil International Holding disposed its entire stake in Esso Malaysia, all their executive directors resign from their post and filled up by Petron and San Miguel directors mostly Philiphine citizens.

The 65% stake of ExxonMobil bought up by San Miguel Corporation's unit Petron Oil & Gas Sdn Bhd last Friday.

Now, here's the catch, one of the director of San Miguel is Mirzan Mahathir, the eldest son of former PM of Malaysia, Tun Dr. Mahathir Mohammad. One by one Mahathir's sons taking over the oil & gas businesses here in Malaysia. Everyone knows that the other son, Mokhzani is own Kencana Petroleum.

For further details of the news: Read here

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