Oman's National Oil Company Raises $2B in Record-Breaking IPO

Oman’s national oil company OQ’s upstream business part, OQ Exploration and Production (OQEP), reports that its landmark initial public offering (IPO) has raised $2 billion. The latter is a clear sign that national and international interest in GCC-based oil companies is still very high. The IPO result makes OQEP the largest listed company on the Omani Stock Exchange (MSX). Analysts were already optimistic about the OQEP IPO prospects, as its competitors in the region have already been very successful in the last few years too.…