Company Overview
The Group is wholly owned by the Government of Oman through the Oman Investment Authority.
By centralising Oman's oil and gas investments with a single leadership team, the Company pursues to improve its resilience and increases its project development and delivery, operational excellence, and marketing and financing capabilities, thereby creating a platform for sustained and resilient profitability centered around an optimised energy company.
Global Medium Term Note Programme
In May 2021, OQ established its inaugural GMTN Programme as part of its funding strategy opening a wider range of funding option focus in developing its business plan 2021-2025. First notes under the programme were executed on May 06th 2021 for USD 750 million, 7 years tenor at 5.125%.
Outstanding Bond Details
Rule 144A ISIN/CUSIP/Common Code | US67624L2A50 / 67624L2A5 / 233950688 |
Regulation S ISIN/Common Code | XS2248458395 / 224845839 |
Issuer LEI | 549300YK417GKI6EQ392 |
Credit ratings
The issuing entity’s Credit rating is a reflection of the continuing support offered by its sole shareholder, the Government of Oman, and are aligned accordingly.
Fitch Assigns OQ’s Senior Unsecured Notes Programme Final 'BB+' with a stable outlook, and OQ's Standalone Credit Profile (SCP) 'bbb-'.
Fitch Assigns OQ’s Senior Unsecured Notes Programme Final 'BB+' with a stable outlook, and OQ's Standalone Credit Profile (SCP) 'bbb-'.
Investor News & Events
Press release
Upstream
Investor relations
OQ Exploration and Production Shares Listed on Muscat Stock Exchange as the largest listed company
October 28, 2024
Press release
Upstream
Investor relations
OQ Exploration and Production SAOG (under transformation) Announces its Intention to Float (“ITF”) on the Muscat Stock Exchange
September 09, 2024
Press release
Corporate
Investor relations
OQ Group Spends USD 2.825 Bn on Local Businesses and Communities in Al Wusta Governorate
April 20, 2024
Press release
Corporate
OQ Group Reports OMR 970 Million Profit in 2023, with 408 Million OMR in ICV
April 03, 2024