Eni Aims for Major Oil Output Boost in Venezuela

Italian energy producer Eni SpA is planning a significant expansion in Venezuela's oil production. The plans would see Eni increase its output to more than 1 million barrels per day, including volumes from state-owned Petróleos de Venezuela SA.

This move aims to bolster US efforts to revive the country's battered oil industry. However, no specific timeline or target date has been mentioned for this increased production.