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....
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