Oman’s State Oil Firm Plans More Unit Listings After Record IPO

OQ, the national oil company of Gulf producer Oman, plans to put more of its subsidiaries up for stock listing, following the record-breaking IPO of its OQ Exploration and Production Company earlier this year, a senior executive told Bloomberg in an interview. In October, OQ Exploration and Production Company (OQEP), Oman’s wholly-state-owned upstream oil and gas operator, raised $2.03 billion from its IPO which was the largest ever for the Gulf oil nation and the biggest in the region so far this year. OQEP sold 2 billion shares in the IPO…