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Oman’s OQ Picks BofA for $800 Million Gas Pipeline IPO

  • Middle East had a record first half of the year for IPOs
  • Oman is listing state-owned firms to boost government coffers

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Oman energy firm OQ SAOC has picked Bank of America Corp. and Bank Muscat to advise on the initial public offering of its gas pipelines unit, according to people familiar with the matter, as the sultanate kickstarts its privatization program.