Wednesday, Jul 13, 2011
BEIRUT (Zawya Dow Jones)--Vale Oman Pelletizing Co., or VOPC, which started operations in April, has delivered 77,000 tons of iron ore pellets to Saudi Basic Industries Corp. (2010.SA), or Sabic, Muscat-based Al Watan daily reports Wednesday.
This is the first shipment of a quantity of 34 million tons of iron ore pellets agreed upon in a contract recently signed by the two companies, the paper reports.
VOPC is 70% owned by Brazil's Vale do Rio Doce and 30% by state-run Oman Oil Co., according to Zawya.com data.
Newspaper website: http://www.alwatan.com/dailyhtml/economy.html#1
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
13-07-11 0736GMT
