Oman Oil Company, wholly owned by the Gulf crude producer not part of OPEC, plans an initial public offering (IPO) of up to 25 percent by the end of 2020, as Oman looks to shore up its budget deficit after the 2014 oil price crash. Oman has already retained financial advisers for what would be the second IPO of a Gulf producer after the much-anticipated share sale of Saudi Arabia’s oil giant Aramco, Oman’s Oil Minister Mohammed al Rumhy said on Wednesday, as carried by Reuters. As Oman’s economy is overly reliant on the oil sector,…
