ENI has signed new agreements in Venezuela aimed at expanding oil production, alongside Chevron and other partners. CEO Claudio Descalzi visited Caracas as the company seeks to turn the deals into additional output. The move underlines ENI’s continued investment in conventional oil and gas, even as the group also promotes biorefineries, renewable energy and its broader energy-transition strategy.
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Reuters, 2 September 2026 — “Chevron, ENI ink pacts for large oil project expansions in Venezuela.” ENI signed agreements aimed at expanding Venezuelan oil projects and boosting production, with CEO Claudio Descalzi attending the signing in Caracas.