Chilean state oil company Enap is set to invest around US$700mn in global capex for the year 2025, in line with previous years and as part of its larger US$3.5bn strategic plan for 2023-27. The company is allocating significant funds towards refinery and midstream maintenance, upstream activities, and the development of new fuels, including green hydrogen. Enap has launched a tender for major maintenance and repair work at its main refineries, with a focus on the Aconcagua and Bío Bío plants. Additionally, the company is actively involved in a green hydrogen pilot plant project in the Magallanes region. Enap's CEO, Julio Friedmann, emphasized the importance of green hydrogen output from this plant, which will be utilized locally. The company is also exploring the processing of Vaca Muerta crude at its Aconcagua refinery and has submitted a drilling project in Magallanes for environmental review. Enap's commitment to sustainable energy initiatives and strategic investments positions it for growth and innovation in the oil industry.