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Colombia’s Ecopetrol to Invest $9.5 Billion in 2013

Colombian state oil company Ecopetrol announced plans to invest more than $9.5 billion in 2013 as it strives to boost output to 1 million barrels per day by 2015. continue reading »

Colombia Expects $2.6 Billion Investment From 49 Oil Blocks

Colombia's National Hydrocarbons Agency, or ANH, has awarded 49 oil exploration and production blocks in an auction and said it expects the winning bidders to invest some $2.6 billion over the next six years. continue reading »

Oil Firm Plans to Invest $3 Billion in Southern Argentina

Argentine oil company YPF, under state control after a 51 percent stake was expropriated from Spain's Repsol, said it plans to invest $3.1 billion over the next five years in the southern province of Santa Cruz. continue reading »

Dutch Firm To Expand Mexican Shipping Port with $2 Billion Investment

Netherlands-based APM Terminals plans to invest $2 billion to expand the containers terminal of the Mexican Pacific port of Lazaro Cardenas, a project that will create 3,000 direct jobs, officials said. continue reading »

Mexico Needs to Invest $3 Billion in Telecommunications Infrastructure

Mexico's government must invest some 40 billion pesos ($3 billion) in telecommunications infrastructure to boost competition and spur investment by operators, the regulatory agency for the sector, Cofetel, said. continue reading »

Venezuela Considers Offering Direct Flights to “Allies” Russia, China

Venezuela is considering investments of up to $300 million for the purchase of long-range aircraft to begin intercontinental flights to "allied" countries like China and Russia, the aquatic and air transport minister told Efe. continue reading »

Cuban Power Grid to Receive $50 M Investment

The Cuban government plans to invest $50 million to upgrade Havana's aging electricity grid, which has been plagued by power outages in recent weeks, state television reported. continue reading »

Telefonica to Invest $980 M to Expand Presence, Services in Argentina

Spanish telecoms group Telefonica said Wednesday it will invest 4.5 billion pesos ($980.3 million) this year in Argentina, focusing those expenditures on network deployment, expansion of its subscriber base and the launch of new digital services. continue reading »

Colombian Will Receive $120 Billion Over Next 10 years From Oil Industry

The oil industry will invest up to $120 billion in Colombia over the next 10 years even though a crude output target of 1 million barrels per day has not been achieved due to persistent security challenges, the president of the Colombian Oil Association, or ACP, said. continue reading »

Costly Network Infrastructure Means Prospective Mexican TV Operators Must Invest $1 Billion

Bidders in a planned auction of two broadcast television channels in Mexico must be prepared to invest at least $1 billion to cover the cost of network infrastructure and other expenses, the head of the Federal Telecommunications Commission, or Cofetel, said. continue reading »

Panama to Reduce Vulnerability to Natural Disasters with $100 Million Investment

The Inter-American Development Bank (IDB) approved a loan for $100 million to help Panama reduce its vulnerability to natural disasters and the effects of climate change. continue reading »