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Bloomberg The bidders – ADNOC and its international investment arm known as XRG, another Abu Dhabi state-owned company and private equity giant Carlyle – weren’t unknown to Santos.
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Yet ADNOC is banking on its deep financial resources to tip the scales. XRG has emphasised it can fast‑track Santos’ stalled projects, such as Narrabri and Beetaloo, pledging to develop them faster ...