I hope to see due recognition given to Tan Sri Hassan Marican for his contributions to Petronas and Malaysia as a whole.
Malaysians owe him a great deal. Without his business acumen, his vision and his dedication, Petronas might have fumbled.
Many have misunderstood and threw misleading arguments that anyone could have done the same. I beg to differ. Petronas' operations were mainly focused on Malaysian shores resources - East and West Malaysia - in the initial stages.
Tan Sri Hassan Marican transformed Petronas rapidly into a global company with oil explorations and business joint ventures with overseas partners.
Approximately 49% of Petronas revenue today come from overseas operations under Tan Sri Hassan Marican's leadership. This should be seen as a standard to be matched by the incoming Petronas Chairman and CEO Datuk Shamsul Azhar Abbas.
Not everyone could do the same and one reader highlighted a valid point. Compare Petronas to Pertamina and you will see the differences.
All these while, Malaysians depended on subsidies, grants, soft loans, and all sorts of Government intervention in the economy for the people's welfare. The funds mainly were from Petroliam Nasional Berhad.
Any slight removal or reduction of these Federal assistance, the lives of many Malaysians would be totally different today.
Just throughout the last 6 years, Petronas contributed a total of RM 276.8 billion to the Malaysian Government which was subsequently used for the Federal Government's budget and policies.
I believe Tan Sri Hassan Marican deserves the title "Tun".
(Credits to Bernama for the pictures)