Venezuela owed Eni around $3.3b at end of 2025, annual report shows

The situation has improved, however, since the start of this year, Eni said, after Venezuela approved a partial reform of its hydrocarbons law and Washington eased sanctions, allowing certain energy companies to operate there.

Those recent developments could increase the likelihood of recovering its claims against PDVSA, Eni added.

Eni also said it has been in contact with US authorities about its potential involvement in a relaunch of Venezuela's oil sector.

Repsol said last month that it was owed 4.55 billion euros by Venezuela.

(Reporting by Francesca Landini; Editing by Cristina Carlevaro and Joe Bavier)