US private sector firms could invest up to US$20 billion per annum in oil, gas, fracking, as well as renewables and electricity. Argentina is aiming to attract up to US$140 billion of investment by 2030 from the US. In addition, France will also be investing in the energy sector over the next couple of years.
Luis Sanchez, the “hydrocarbon minister” said that oil & gas revenues will increase to US$ 2 billion in 2018 from US$1.8 billion in 2018. He added that Bolivia has 10.7 trillions cubic feet of proven reserves, according to Sproule International Limited a Canadian firm.
On Sunday, Jaime Duran, the viceminister in charge of Budget, said that the 15% of the second bonus which is to be spent on national products will amount to ca. US$ 140 million.
Bolsonaro’s team announced that Nicolas Maduro, of Venezuela had not been invited to Bolsonaro’s investiture. It is said that Bolsonaro had always defended the peaceful way and had ruled out supporting a military intervention to solve the crisis the crisis in Venezuela, although he has described the Government of Maduro as a “dictatorship”.