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Venezuela Gains Sanctions Relief, Aims to Repay Eni Debt

2/26/2026

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Summary

Story summary

Eni Chief Executive Officer Claudio Descalzi says U.S. sanctions relief allows Venezuela to pay for gas.
Venezuela owes Eni about $3 billion for gas from the Perla offshore field.
The debt accumulated because PDVSA could not use dollars for transactions since 2019.
Eni also produces crude oil with PDVSA.
Increased production could help recover the owed funds more quickly.

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Story summary

Eni Chief Executive Officer Claudio Descalzi says U.S. sanctions relief allows Venezuela to pay for gas.
Venezuela owes Eni about $3 billion for gas from the Perla offshore field.
The debt accumulated because PDVSA could not use dollars for transactions since 2019.
Eni also produces crude oil with PDVSA.
Increased production could help recover the owed funds more quickly.