Malaysia’s Petronas eyeing Iran South Pars oil field

IRNA – Malaysian oil and gas company Petronas is after processing Iran’s giant South Pars Oil Field condensates.

‘We’re also looking at processing different condensate, probably (Australia’s) North West Shelf or (Iran’s) South Pars or Qatar’s DFC (deodorized field condensate),’ English-language daily Business Times quoted Petronas Penapisan (Terengganu) Managing Director and Chief Executive Officer Zabidi Ahmad saying.

“Malaysia’s state-owned Petronas plans to upgrade its refinery in Kerteh, Terengganu, by 2022 to produce higher quality fuels and expand the crude types it processes beyond Tapis,” he said.

Petroliam Nasional Berhad (Petronas) established in 1974, is Malaysia’s fully integrated oil and gas multinational ranked among the largest corporations on FORTUNE Global 500. As the custodian for Malaysia’s national oil and gas resources, we explore, produce and deliver energy to meet society’s growing needs.