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The Malaysian authorities additionally believed that foreign oil corporations didn't properly inform the government concerning the oil exploration activities in their very own concessions (akin to the brand new discovery of oil fields), thus resulted in a lack of income to the federal government. Petronas first embarked on the oil exploration and manufacturing activities with the formation of Petronas Carigali Sdn Bhd in 1978. In 1980, Petronas expanded its downstream businesses by setting up ASEAN Bintulu Fertiliser plant in Sarawak. In 1998, Petronas' tanker-related subsidiary merged with MISC, increasing Petronas' stake in MISC to 62%. That 12 months, Petronas introduced the Petronas E01, the country's first commercial prototype engine. Each the company and the province blamed poor international LNG market situations.
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