NIORDC to participate in refinery projects in Malaysia, Indonesia and Syria
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.
