Italy’s Eni Plans Major Increase in Venezuela Oil Production

Italian energy producer Eni SpA aims to eventually boost production from its Venezuelan operations to more than 1 million barrels a day, a figure that includes volumes from state-owned Petróleos...

By Ari Natter and Alberto Brambilla · Bloomberg Markets

Italian energy producer Eni SpA aims to eventually boost production from its Venezuelan operations to more than 1 million barrels a day, a figure that includes volumes from state-owned Petróleos de Venezuela SA, according to people familiar with the matter, a potentially significant boost to US President Donald Trump’s effort to revive the country’s battered crude industry.