Venezuela to invest $20 billion in development this year
Venezuela will invest $20 billion this year in non-oil sector development projects out of a total of $100 billion over the next four years, Venezuelan President Hugo Chavez said Sunday in his weekly television address.
Petroleo Brasileiro SA, Brazil's state-controlled oil producer, may invest about $400 billion through 2020 as it seeks to develop the Americas' biggest crude discoveries in more than three decades, a minister said.