Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie , DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 23.11.2022  
C(2022 ) 8676 final   
PUBLIC VERSION  
PETRONAS  Trading Corporation  
SDN BHD  
Level 60, Tower 2, PETRONAS Twin 
Towers  
Kuala Lumpur City Centre, Kuala 
Lumpur  
Malaysia  
 
Durio Invest B .V. 
Noordzijde Haven 40  
4611 GT Bergen op Zoom  
The Netherlands  
Subject : Case M. 10918 - PETRONAS / DURIO / ORIM HOLDING  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 28 October 2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger Regulation , by which the 
undertakings PETRONAS  Trading Corporation SDN BHD (“PETRONAS ”, 
Malaysia) , controlled by Petroliam Nasional Berhad  (Malaysia) , and Durio Invest 
B.V. (“Durio”, The Netherlands)  will acquire within the meaning of Article 3(1)(b)  
and 3(4)  of the Merger Regulation joint control of the undertaking Orim Holding Ltd 
(“Orim”, Malta), currently solely controlled by Durio , by way  of purchase of shares .3 
2. The business activities of the undertakings concerned  are the following : 
 PETRONAS, is active in the sale and processing of crude oil and petroleum 
products  in the Middle East, Asia -Pacific and the Far Eas t. This includes the 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used t hroughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 428, 10.11.2022 , p. 42. 

2 supply of crude oil that is sui table for the production of marine fuels. 
PETRONAS  is further  active in the wholesale of marine fuels  through ex -wharf 
supplies to bunkering companies and other marine fuel suppliers from its storage 
tanks in Malaysia and Singapore , 
 Durio  is the holding company of the  founders and current indirect  owners of 
Orim. Durio d oes not have any direct or indirect activities other than through 
Orim. 
3. The business activities of Orim  are the supply of marine fuels and  the provision of 
refuelling of sea -faring vessels mainly in the Amsterdam – Rotterdam – Antwerp 
region, and in Malta .  
4. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (c) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
5. For the reasons set out in the Notice on a simplified procedure, the European 
Comm ission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreemen t. 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
 
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .