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Italian energy giant Eni has announced the resumption of its activities in the heavy oil project in the Orinoco Belt following an agreement with the Venezuelan government. This move comes as Venezuela seeks to attract more investments in its oil sector.
Italian company Eni has announced the restart of an oil project in Venezuela's Orinoco Belt, reflecting its deepening presence in the Venezuelan market amid easing U.S. sanctions. This decision comes at a critical time for the Venezuelan oil sector, which is undergoing significant transformations.
Italian energy group Eni has announced the discovery of <strong>two trillion cubic feet</strong> of gas and condensates off the coast of Egypt after drilling the exploration well <strong>Denis W-1</strong> in the <strong>Timsah</strong> concession in the eastern Mediterranean. This discovery is crucial for Egypt's ambition to strengthen its position as a key energy supplier in the region.
Italian energy giant Eni has announced plans to invest billions in Egypt's energy sector by 2026. This initiative aims to strengthen the strategic partnership between Eni and Egypt despite ongoing regional challenges.