Oman’s OQ Tees Up Methanol Unit IPO Weeks After $2 Billion Deal
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Oman’s state energy company OQ SAOC plans to sell up to 49% of its methanol and liquefied petroleum gas unit in an initial public offering, extending the boom of new share sales in the Middle East.
Regional and global investors have expressed interest to participate in OQ Base Industries SAOG’s offering, Chief Executive Officer Khalid Khalfan Al Asmi said in an interview. “The discussion is in a very active stage,” he said, without disclosing further details.