• CERAWEEK
  • March 10 - 14, 2025

Tengku Muhammad Taufik

PETRONAS

President & Group Chief Executive Officer

Tengku Muhammad Taufik is the President and Group Chief Executive Officer of Petroliam Nasional Berhad (PETRONAS). He holds a Bachelor of Arts (Honours) Degree in Finance & Accounting from the Strathclyde University, Glasgow, Scotland. He is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), and a Member of the Malaysian Institute of Accountants (MIA). His areas of expertise include developing and steering key business strategies, organisational transformation, and financial and risk management. He has vast experience in strategic planning, finance, and business strategy development with a focus on the oil and gas and energy industry. He continues to advocate a just and responsible energy transition by promoting regional partnerships across multiple stakeholder groups in policy shaping, innovation and technology. Tengku Muhammad Taufik was appointed President and Group CEO of PETRONAS in July 2020, responsible for the formulation, direction and steering of key strategies of this Fortune 500 global organisation. In addition to his responsibilities in PETRONAS as well as board stewardship, he is the Chairman of the Gentari Board of Directors, Chairman of the National Trust Fund, Exco Member of the World Business Council for Sustainability Development (WBCSD), Chairman of the East Coast Economic Region Development Council (ECERDC) Audit Committee, and Northern Corridor Implementation Authority (NCIA) Audit Committee and Chairman of the Malaysia-United Arab Emirates Business Council (MUBC). He is also a Council Member of the ECERDC and NCIA, and a member of the Board of Trustees of the Merdeka Award Trust. Tan Sri Tengku Muhammad Taufik is a member of the World Economic Forum (WEF) Oil & Gas Governors Forum, and Co-Chairman of the WEF ASEAN Leaders for Just Energy Transition Community. He is also the Pro-Chancellor of Universiti Teknologi PETRONAS (UTP). In 2023, he was conferred the Darjah Kebesaran Panglima Setia Mahkota (P.S.M.) which carries the title "Tan Sri," in recognition of his services to Malaysia.

Sessions With Tengku Muhammad Taufik

Wednesday, 11 March

  • 07:30am - 08:40am (CST) / -

    Future of Shipping: New technologies, new fuels

    Downstream, Midstream & Chemicals Mobility/Transportation

    In April 2018, the International Maritime Organization agreed on its initial strategy on GHG emissions from ships, to cut carbon emissions from shipping in half by 2050 relative to 2008 levels. At the same time, maritime transport will remain the backbone of world trade and global supply chains, growing by around 2.5 times by 2050, at almost 3% per year. With no clear strategy to achieve the ambitious decarbonization targets, the outlook is uncertain. What pathways can be adopted to ensure GHG emissions targets can be met, and what are the advantages and disadvantages? How will new propulsion technologies change the outlook in terms of substitution and fuel efficiency—and how fast can they be implemented? What options are available to the shipping and energy industries—from novel zero-carbon fuels to other technological improvements—to improve efficiency or capture carbon?