K+N selected as logistics partner for PETRONAS
Kuehne Nagel has been awarded a three-year logistics and supply chain contract with Malaysia’s oil and gas government-owned organisation with operations in over 50 countries in the world, Petroliam Nasional Berhad (PETRONAS).
July 24, 2018: Kuehne + Nagel has been awarded a three-year logistics and supply chain contract with Malaysia’s oil and gas government-owned organisation with operations in over 50 countries in the world, Petroliam Nasional Berhad (PETRONAS). The contract which was won as part of a competitive tender was signed in Kuala Lumpur City, Malaysia.
Under the agreement, Kuehne + Nagel will assume end-to-end integrated supply chain responsibilities for PETRONAS. Malaysia is the world's third-largest exporter of liquefied natural gas and the second-largest oil and natural gas producer in South East Asia. The support includes carrying out freight forwarding services, logistics management plus off-site and on-site warehouse operations.
Kuehne + Nagel was appointed for its extensive global network and its full suite of logistics services, comprising air, sea, overland and logistics control centres in four strategic hubs. Its industry-leading technology such as the One Global System, which offers customers precise and real-time visibility was another competitive edge, as it aligns with PETRONAS’ digitisation strategy.
Jens Drewes, president of Kuehne + Nagel South Asia Pacific, comments, “We are delighted to enter into collaboration with PETRONAS, the custodian of Malaysia’s petroleum resources. Our appointment as PETRONAS’ one-stop logistics partner is a significant milestone. It is a testament of our strategy to offer technology-driven value chains to our customers and further strengthens our industry-leading position.”
PETRONAS’ drive towards a sustainable energy future is in line with Kuehne + Nagel’s mission to protect the environment through the application of advanced, environment-friendly technologies to ensure sustainability for future generations. Kuehne + Nagel will utilize PETRONAS fuel, lubricant and petrochemical products when performing overland activities in Malaysia.