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An oil rig in Oman

Oman Oil making strides towards IPO

The process of the initial public offering of Oman Oil Co will be completed by the end of next year, Oman’s Oil Minister Mohammed al-Rumhi said on Wednesday at an industry event in Dubai.

Rumhi also said the OPEC+ production cuts agreement will hopefully be extended.

If the listing goes ahead, Oman Oil Co will become the second national oil company to be listed in the Gulf region after Saudi Aramco’s planned listing later this month.

Source: Reuters

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