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-'.