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Wednesday, 12 April 2017

Oman Oil Is Seeking Strategic Advice Following Aramco's IPO Plans - Bloomberg

Oman Oil Is Seeking Strategic Advice Following Aramco's IPO Plans - Bloomberg:

"Oman Oil Co., the sultanate’s state-owned energy producer, is seeking advice from banks on strategic options for its business, according to people familiar with the matter, following plans by larger peer Saudi Arabian Oil Co. to sell shares to the public.

The oil producer has asked international investment banks to pitch for roles to advise on plans to restructure its portfolio, the people said, asking not to be identified as the information is private. Oman Oil may sell assets or list some of its portfolio businesses on the stock market, the people said.

A representative for Oman Oil didn’t have an immediate comment."



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