NIORDC partnering in 3 refineries in Malaysia, Indonesia and Syria

The Steel guru, here

"...As per report, NIORDC has made a 30% investment in the USD 4.8 billion project to construct the Kadah Refinery in northern Malaysia, which will have a capacity of 250,000 barrels per day. The other 70% of the investment is being made by the Malaysian company SKSD.

In a USD 6 billion project to construct a refinery in Java, which will have a capacity of 300,000 barrels per day 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 USD 2.6 billion 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 barrels per day 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..."