Eni Signals Possible New Venezuela Oil Investment Approval by End-2026

Eni's finance director Francesco Gattei told analysts that 'things are moving very fast' regarding a potential new oil investment in Venezuela, with approval possible before end-2026. The statement suggests renewed Western energy engagement with Venezuela despite sanctions, though no formal decision or project details are confirmed. This matters as it could signal incremental supply additions and a shift in investment flows into Venezuela's oil sector.

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