Iran has signed contracts for petrochemical as well gas development with Malaysia. Iran's Hampa Engineering Corp has inked a deal with a Malaysian company for a refinery-petrochemical complex in Terengganu state of Malaysia. Construction, expected to commence shortly, will last for about six years and will require an investment outlay of almost US$6 bln. Upon completion, the complex will produce petrochemicals and feedstocks, gas-oil, gasoline, jet fuel, liquified natural gas.
Iran has signed gas deals worth US$14 bln with Malaysia's SKS group for a project to produce liquefied natural gas and the development of two gas fields in Iran- Golshan and Ferdows.