News and Media

OQ Exploration and Production Shares Listed on Muscat Stock Exchange as the largest listed company

The Muscat Stock Exchange (MSX) celebrated the listing of OQ Exploration and Production’s (OQEP) shares on 28 October 2024, marking the commencement of public trading following an Initial Public Offering (IPO) of 25% of the company’s share capital. With a market capitalization of more than OMR 3 billion, OQEP has become the largest company listed on the MSX and the first exploration and production company to achieve this. This milestone reflects efforts to diversify the MSX offerings and include key players from across Oman’s economic sectors.

OQ Breaks Ground on Strategic Fuel Storage Project in Musandam

OQ, the global integrated energy group, has today laid the foundation stone for its Strategic Fuel Storage Project in Musandam. The project, with an investment of over OMR 78 million (approximately USD 204 million), was inaugurated under the auspices of His Excellency Ibrahim Said Al Busaidi, Governor of Musandam, and in the presence of local dignitaries and officials.

OQ Exploration and Production SAOG (under transformation) Announces its Intention to Float (“ITF”) on the Muscat Stock Exchange

OQ Exploration and Production (“OQEP”), Oman’s largest pure-play oil and gas exploration and production company and its only wholly-Government owned upstream oil and gas operator, today announces its intention to proceed with an initial public offering (the “IPO” or the “Offering”) and to list its ordinary shares (the “Shares”) for trading on the Muscat Stock Exchange (“MSX”).