07-04-09 The National Iranian Oil Refining and Distribution Company is taking part in joint projects to construct refineries in Malaysia, Indonesia, and Syria.
NIORDC has made a 30 % investment in the $ 4.8-bn project to construct the Kadah Refinery in northern Malaysia, which will have a capacity of 250,000 bpd. The other 70 % of the investment is being made by the Malaysian company SKSD.

In a $ 6-bn project to construct a refinery in Java, which will have a capacity of 300,000 bpd with the feedstock supplied by Iran, Indonesia's Pertamina is covering 40 % of the cost, NIORDC another 40 %, and Malaysia's Petrofield 20 %.
And in a $ 2.6-bn project to build a refinery near the city of Homs, Syria, which will be fed with extra heavy crude supplied by Iran, Syria, and Venezuela and will have a capacity of 140,000 bpd, NIORDC is covering 26 % of the cost, Venezuela's PdVSA 33 %, Malaysia's Petrofield 26 %, and Syria's HRC 15 %.

All the projects are scheduled to come on stream by 2013.