Middle East Economic Survey

VOL. LIII

No 23

7-Jun-2010

OMAN

OOC Acquires Stake In Iron Ore Pelletizing Plant

Oman Oil Company (OOC) has acquired a 30% stake in Vale Oman Pelletizing Company (VOPC), a subsidiary of Brazils Vale, OOC said on 29 May. An iron ore pelletizing plant is currently under construction at Sohar, and is scheduled for start-up in late 2010 with full commissioning to begin by mid-2011. The facility will be capable of producing 9mn tons/year of direct reduction iron ore pellets....