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Italy’s Eni Plans Major Increase in Venezuela Oil Production

Bloomberg Markets Wednesday 02 September 2026, 14:36 UTC By Ari Natter and Alberto Brambilla 1 min read
Key Points

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.

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.
Italy (LOCATION) Eni (ORG) Venezuela Oil Production Italian (ORG) Eni SpA (ORG) Venezuelan (ORG) Petróleos de Venezuela SA (ORG) US (LOCATION) Donald Trump (PERSON)
Originally published by Bloomberg Markets Read original →

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