Oman continues economic reforms by listing drilling company on stock exchange

Oman’s fiscal performance has improved in the last year, and the country wants to produce more alternative forms of energy, such as hydrogen.
Oman's Minister of Oil and Gas Mohammed bin Hamad al-Rumhy.
Oman's Minister of Oil and Gas Mohammed bin Hamad al-Rumhy attends the 31st meeting of the Petroleum Cooperation Committee of the Gulf Cooperation Council (GCC) states in Riyadh, on Oct. 9, 2012. - FAYEZ NURELDINE/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Oman announced Sunday it will sell a major stake in its state-owned drilling company. 

Abraj Energy Services will list 49% of the company on the Muscat Stock Exchange via an initial public offering in March. The offering will be available to investors in Oman and internationally, with the exception of the United States, the official Oman News Agency reported. 

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