As Oman gets creative in a bid to raise badly-needed cash (MEES, 13 November), the government is looking to state petroleum giant PDO (Oman 60%, Shell 34%, Total 4%, PTT-owned Partex 2%) to raise around $3bn in bonds, Bloomberg reported this week.

Citing several sources, the report indicates that the sultanate could transfer its 60% stake in PDO – which operates the 650,000 b/d Block 6 – to a new company that would tap debt markets on behalf of the Omani state in the first half of 2021. (CONTINUED - 187 WORDS)