PIF offloads $131m stake in National Gas and Industrialization to
OQ Gas Networks, the pipelines business of Oman's state oil giant OQ, plans to conduct the largest IPO in the sultanate in nearly two decades, offering up to 49% of its shares to investors and potentially raising between $700 million and $800 million. OQGN holds a natural monopoly over gas transport in the country and supplies natural gas to various customers.