No 47



Oman Plans 40% Privatization Of al-Maha Fuel Retailer

The Omani government plans to sell up to 40% of the al-Maha Petroleum Products Company as part of the countrys privatization drive, the Finance Ministry announced on 16 November. Al-Maha is a subsidiary of the Oman Refinery Company and operates 84 service stations in Oman. The government owns 65% of al-Maha, while 35% is held by ABS Lubricants of the UAE. A ministry official said that the government would...