MOSCOW (MRC) -- Oman plans to
offer shares in some state-owned downstream energy companies to the public,
partly to raise money as low oil prices pressure its finances, Omani Oil and Gas
Minister Mohammad bin Hamad al-Rumhy said on Thursday, reported Reuters.
The companies include Salalah
Methanol Co and a drilling company, Rumhy told reporters without naming the
drilling firm or giving any financial details.
Oman has been considering
privatization of a wide range of state firms for several years but has not yet
moved ahead with the program, and Rumhy did not say when the initial public
offers might take place.
Salalah Methanol, founded in 2006, is owned 90%
by state-run Oman Oil Co and 10% by Takamul Investment Co, and has a methanol
production capacity of 3,000 tpd, according to its website.
As MRC informed before,
Oman Refineries and Petroleum Industries Company (Orpic) plans to raise capacity
of its polypropylene (PP) plant to 340,000 tpa of high quality PP from 200,000
tpa. The plant is part of the government's vision to develop the petrochemical
industry. It is also part of the efforts made by the Sultanate to diversify
sources of national income and benefit from gas production.