PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 26.Feb.2026, Words: 181) — Eni CEO Claudio Descalzi stated that Venezuela can now pay for the natural gas received from the company with oil. This, he said thanks to a recent easing of US sanctions, unblocking a situation that had left Venezuela with a large debt to the Italian company.
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“That is really a great advantage. Before, we were stuck for almost a year. That created an increase in our outstanding performance,” he indicated on 26 Feb. 2026 during a post-results call, which was published by Reuters.
