Yep, this really shouldn't come as a surprise. By law, PETRONAS is subject to the control and direction of the Prime Minister. I've mentioned this before: I fully expect some changes to be made to PETRONAS - Malaysia's National Oil Company. By law, PETRONAS as Malaysia's National Oil Company is subject to the control and direction of the Prime Minister. There is a new Malaysia Prime Minister. And I suspect that Dr. Mahathir may want to exert a bit of control over the direction that PETRONAS is taking. A copy of Malaysia's Petroleum Development Act 1974 is attached.