Natural Gas Pipeline
Oman's OQ to drift up to 25% stake in exploration and production arm
Oman's OQ is preparing to float approximately 25% of the shares in its exploration and production company OQEP on the local bourse as the Gulf nation's state energy business carries out a privatisation program. The subscription duration for the initial public offering ( IPO) is anticipated to begin this month, with trading on the Muscat stock market slated to start in October, OQEP said on Monday. Oman, a small non-OPEC oil producer, is following neighbouring Saudi Arabia and the United Arab Emirates (UAE) in pressing state-led listing programs, including energy properties. That method, in addition to wide reforms that include...