SAUDI WILL INCREASE
Saudi Aramco will increase its spending on research and development in 2015, despite the falling price of oil.
Speaking at a company reception at International Petroleum (IP) Week held in London, Salah Al-Hareky of Saudi Petroleum Overseas Ltd. (SPOL), Saudi Aramco's London-based crude marketing arm, "We are going beyond reliability and responsibility, extending our focus in areas such as innovation," said Al-Hareky.
"We believe innovation is the key to making our resources more accessible, useful, sustainable and competitive."
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