DUBAI, Nov 4 (Reuters) - State-owned Omani energy group

OQ plans to list an up to 49% stake in its methanol, ammonia and

liquified petroleum gas (LPG) business OQ Base Industries (OQBI)

on the local stock exchange, OQBI said on Monday.

The subscription period is expected to start this month and

shares are expected to begin trading on the Muscat stock

exchange in December. Morgan Stanley ( MS ), Bank Dhofar and Bank

Muscat were appointed joint global coordinators.

OQBI is the latest in a string of OQ subsidiaries that have

decided to list, following the group's exploration and

production business, its pipeline business

and its oil and gas drilling business Abraj Energy Services

.