Oman state energy firm OQ is to float 25% of its OQ Exploration and Production (OQEP) upstream subsidiary on the Muscat Stock Exchange.

In announcing the IPO on 9 September, OQEP said that it would offer up to 25% of shares in the company. Bookbuilding will start later in the month with trading slated to begin in October. (CONTINUED - 1437 WORDS)