Energy policy in Malaysia is set and overseen by the Economic Planning Unit (EPU) and the Implementation and Coordination Unit (ICU), which report directly to the Prime Minister. Malaysia's national oil and gas company, Petroliam Nasional Berhad (Petronas), holds exclusive ownership rights to all oil and natural gas exploration and production projects in Malaysia, and is responsible for managing all licensing procedures. The company is directed by the Prime Minister, who also controls appointments to the company board