Oman’s state-owned energy producer Oman Oil is thinking about selling some of its assets and listing on the local stock market. This follows the planned initial public offering (IPO) by Saudi Aramco.
The oil and gas producer is reportedly seeking advice from banks on offering its shares to the public.
Oman Oil plans to attract more foreign investment into the country, according to the sultanate’s Oil Minister Mohammed Al Rumhy, as quoted by Bloomberg.
“We are looking at the IPO option because we want to give a boost to the local stock market, and we want to see more foreign direct investments coming to the country,” Al Rumhy said in the…