Italy’s Eni Expands Venezuela Push With Orinoco Oil Deal - Bloomberg.com

Italy's Eni has signed a deal to develop an oil field in Venezuela's Orinoco Belt, marking a significant expansion of the company's presence in the country. This move is notable as it underscores the growing interest of international energy companies in Venezuela's vast oil reserves, despite ongoing US sanctions. The deal may have implications for the global energy market and Venezuela's economy, potentially paving the way for further foreign investment and increased oil production.