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Jim Chalmers faces ‘captain’s call’ over Abu Dhabi bid for Australian oil and gas giant Santos

The Guardian - Energy · Jonathan Barrett · last updated

Board expresses support for offer but deal depends on regulatory approvals and treasurer’s tick-off

Jim Chalmers may need to make a “captain’s call” on whether to approve the takeover of the Australian oil and gas giant Santos by the investment arm of an Abu Dhabi state-owned entity, according to analysts, amid questions about whether the proposal will boost domestic supplies.

The board of the Adelaide-headquartered oil and gas company has expressed support for the $30bn bid that, if successful, would place a series of strategic assets into foreign-owned hands.

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