Most of the funds will be pumped into the oil and gas industry, with the rest in electric power and biofuels, according to the latest draft.
The president of Brazilian gas distributor SCGás, Cosme Polêse, spoke to BNamericas about the status of negotiations between Brazil and Bolivia on the renewal of their natural gas supply contract. According to Polêse, Brazil also needs a new gas pipeline in the southern region of the country.
US-based chemical company is investing US$150mn in a new sodium cyanide plant in Mexico's Durango state to meet growing demand in the country.
Estimated investment for the natural gas transport infrastructure is US$160mn.
Theft from pipelines and tankers robbed the Mexican state oil company of the equivalent of 26,000b/d last year.