Constitutional discussion could lead to postponement of investments

According to Fitch, the process for the drafting of a new constitution in Chile will lead companies to postpone their decisions pending the effects of the new legal framework. "Chilean companies will likely postpone large investment decisions due to the pending rewriting of the country's constitution, and may be subject to higher taxes to help finance higher fiscal spending," Fitch said in a report.

Técnicas Reunidas is awarded an $100 million contract from ENAP

Técnicas Reunidas has been awarded an $100 million contract from Chilean oil company ENAP for the environmental improvement of the Bio Bio refinery, according to the spanish company. The order, the largest awarded by ENAP in the last three years, includes: engineering, the supply of equipment and materials, construction, commissioning, testing and commissioning of three plants linked to the refinery.