Statoil To Increase R&D Investment

Lisa Levin , Benzinga Staff Writer

January 10, 2012 7:41am Comments

Statoil ASA (NYSE: STO) announced its plans to lift investments in research and development by 27% to NOK2.8 billion ($465 million) in 2012.

Statoil is raising its R&D budget to NOK2.8 billion from NOK2.3 billion.

Statoil shares fell 0.73% to $25.75 in pre-market trading.

Posted-In: R&D Investment News

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