The hydrocarbons transporter has come under scrutiny over spills.
The government announced that it is reinforcing generation and transmission infrastructure in a bid to end supply disruptions, but opposition lawmaker Jose Guerra says Venezuelans may soon be forced to resort to "carbides and fire".
The lion's share will be earmarked for the subsea segment, the local suppliers association forecasts.
Figures published by oil exporters group OPEC on Wednesday show that Venezuelan output plunged 183,000b/d in February to its lowest level since 1950.
The Brazilian fuel retail and distribution company reported a US$354mn net profit in the first financial presentation after its IPO.