According to BP's annual Statistical Review of World Energy, Brazil and Trinidad & Tobago were the only countries in the region that saw production increase last year.
National pipeline authority Cenagas announced that the terms of a tender for natural gas storage space in depleted fields will be ready by September, with teh tender itself to be launched 4-6 months later.
The construction giant has failed to resume the volume of projects it had before being trapped in the largest corruption investigation in the Brazil's history, while it struggles with its debt load and faces legal obstacles to selling assets.
In a public letter published Saturday on his Twitter account, former president Luiz Inácio Lula da Silva confirmed he will be a candidate in the October presidential elections.
Bolivia is already working on construction of the Montero-Bulo Bulo section of the railway to transport urea from state oil company YPFB's Bulo Bulo petrochemical plant.
France's Engie is participating in the negotiations