OMAN aims to list 35 state-owned enterprises in the next five years and plans to take one or two oil companies public this year, the boss of the Muscat Stock Exchange told CNBC Arabia yesterday.

Oman's state-owned energy company OQ is considering local listings for some of its downstream and upstream assets but has no plan to float the parent company now, a senior executive at the state-owned energy group told Reuters in November.

Oman is following Saudi Aramco and other Gulf oil producers in looking at sales of stakes in energy assets.

The oil producers will be capitalising on a rebound in crude prices to attract foreign investors.

Last month, Saudi Arabia's sovereign wealth fund was reportedly looking into ways to monetise its around $90bn (£66.7bn) stake in Aramco, the world's largest oil company, after the Saudi government, which owns 94 per cent of Aramco, transferred the stake over to the Fund.

Reuters

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