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Shell sees Brazil R&D investment this year at $38 mln

Shell sees Brazil R&D investment this year at $38 mln

SAO PAULO, Aug 9 (Reuters) – The Brazilian unit of Royal Dutch Shell Plc estimates it will invest around 120 million reais ($38 million) in research and development in the country this year, said André Araújo, head of Shell Brazil unit, on Wednesday.

(Reporting by Marta Nogueira and Alexandra Alper; Editing by Chizu Nomiyama)

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