Oman Is Said to Study Strategic Options for Energy Firm OQ (1)

Oman is studying options for state energy company OQ SAOC, including a potential initial public offering, as the Persian Gulf sultanate seeks to shore up its finances, people with knowledge of the matter said.

The Omani government has been speaking with potential advisers as it considers alternatives for OQ, which could also include selling a stake in the business or one of its subsidiaries, according to the people. OQ could be valued in the billions of dollars if it decides to pursue a listing, the people said, asking not to be identified because the information is private.

OQ is ...