Iran and Malaysia to expand oil cooperation
Deputy Managing Director of the NIOC Hojjatollah Ghanimifard said that in line with the proposed Iran-Malaysia oil
cooperation, Petronas the Malaysian Oil Company will submit its proposals to take part in the up-stream oil industry
by the end of the summer.
On the history of oil cooperation between the two nations, he said that the two countries have had over a decade of
cooperation in oil industry.
Signing of a buy-back agreement to develop Persian Gulf oilfield, Sirri A, with cooperation of the Total of France
and Petronas, these collaboration entered a new chapter, the oil official noted. Two years after that, with regard to
development of phases 2 and 3 of the South Pars Gas Field another buy-back agreement was inked in which Total and
Petronas had 30 % and 70 % of share in the project, respectively.
He said the recent trip by the President Mohammad Khatami to Malaysia further cemented cooperation in various oil
fields. Discussion were made on production of natural gas between Iran, Total and Petronas, he remarked.
Ghanimifard said that Malaysia has been a buyer of Iranian crude in he past adding that Tehran and Kuala Lumpur also
trade in petrochemicals.
"Iran imports unleaded gasoline from Malaysia and the latter purchases methanol from Iran", he said.
