Out Bound Projects Manager of National Iranian Engineering Oil Construction Company, Hamid Sharifrazi, told PIN, a Malaysian mission is to travel to Tehran to go over and accelerate their cooperation development. Two parties are also to adopt strategy to clarify their fields of cooperation. Two parties will negotiate accelerating development of Golshan and Ferdose Fields as well as construction of joint refineries.
Hamid Sharifrazi pointed out: Construction of Pars gas condensate in Fars province – with 120,000 barrels capacity - and a refinery - with 250,000 barrels of crude oil - in Kedah province in Malaysia have been finalized. The required investment for construction of Malaysian refinery is $4.8 bn. 30% out of this is to be supplied by parties. Taking loans, the rest of needed budget is to be allocated. This refinery is to be inaugurated taking 100,000 barrels of heavy oil and 150,000 barrels of heavy oil from Iran.
Working on this project, an Iranian-Malaysian company has been established named SKS_PARS.
Constructing Pars Refinery Petrofield Company from Malaysia is to take 40% of its share. Its construction requires 800 mln euros of investment.
Out Bound Projects Manager of National Iranian Engineering Oil Construction Company declared: Malaysian government gave some advantages to Iranian party like tax exempt and duty free importation of required equipments. Iran government will also provide Malaysian party with some advantages. They are to be negotiated. Pars Refinery is to produce 12 mln liters of gasoline a day. This refinery is to be supplied through a 430 km pipe-line from Assaluyeh. PDEC company is in charge of designing Pars refinery.