World News Saudi Aramco and UAE national oil business consider bids to buy Santos Blog

Saudi Aramco and Abu Dhabi National Oil Co are separately reviewing potential offers for Australian oil company Santos as the two Middle Eastern energy giants look to expand their gas investments abroad, people familiar with the matter said.

State-owned companies Aramco and Adnoc have been preliminary examining Santos as a possible takeover target, the people said. They requested anonymity because the information is confidential.

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