Unocal Joint Global Hq In Malaysia

Unocal Corp has set up a joint global headquarters in Malaysia, but president John Imle stressed the company was still American. We are operating a twin headquarters system, Imle, who is based in Kuala Lumpur, told Reuters on Tuesday on the sidelines of the Asia Pacific Petroleum Conference. Imle said Unocals chairman and key officials were still based in Los Angeles. The joint headquarters was set up in the middle of the year and partly reflects the growing Unocal business in Asia. The company is a major gas supplier to Thailand and is actively exploring for gas and oil in Asia. Its biggest project in Asia is the Yadana gas field offshore Burma, where the company has a 28 percent stake. Unocal also has plans for power stations in Indonesia. It (the Kuala Lumpur headquarters) makes us more Asian in terms of our understanding of the region and the outlook, but we are still a U.S. company. We are no less U.S. than we were.